US stocks closed higher Thursday amid ongoing uncertainty over President Donald Trump’s tariffs.
The market rallied in the morning after a US Court blocked the broad tariffs Wednesday, ruling Trump had exceeded his authority. However, gains were trimmed after the White House appealed, arguing the decision hurt diplomacy and presidential powers. An appeals court then temporarily suspended the lower court’s ruling.
On the economic front, the US Commerce Department reported the economy shrank by 0.2% in the first quarter, a slight improvement from the preliminary estimate of a 0.3% contraction. The slowdown was mainly due to higher imports and lower government spending.
Weekly unemployment claims rose by 14,000 to 240,000, above expectations.
President Trump and Federal Reserve Chair Jerome Powell also met to discuss key economic issues including growth, jobs, and inflation.
The Dow Jones closed up 0.28% at 42,215.73, the Nasdaq rose 0.39% to 19,175.87, and the S&P 500 gained 0.40% to 5,912.17.
The VIX, or “fear index,” fell 0.67% to 19.18.
MrBeast, the world’s most popular YouTuber, has officially launched his first theme park, Beast Land, in Riyadh, Saudi Arabia....
Azerbaijan are hosting Iceland in their 2026 FIFA World Cup European Qualifying match at the Neftci Arena in Baku on 13 November....
Canada and India are reopening trade talks after a two-year freeze, with both sides aiming for what Ottawa calls a “new process”, Canadian Trade M...
The White House has responded to leaked emails linking president Donald Trump to late Jeffrey Epstein saying 'President Trump did nothing wrong'. Spok...
President of the Republic of Azerbaijan, Ilham Aliyev, received a delegation from the U.S. Church of Jesus Christ of Latter-day Saints in Baku on Thur...
MrBeast, the world’s most popular YouTuber, has officially launched his first theme park, Beast Land, in Riyadh, Saudi Arabia.
Azerbaijan are hosting Iceland in their 2026 FIFA World Cup European Qualifying match at the Neftci Arena in Baku on 13 November.
Canada and India are reopening trade talks after a two-year freeze, with both sides aiming for what Ottawa calls a “new process”, Canadian Trade Minister Maninder Sidhu said on Thursday in New Delhi.
The White House has responded to leaked emails linking president Donald Trump to late Jeffrey Epstein saying 'President Trump did nothing wrong'. Spokesperson Abigail Jackson told the BBC "These emails prove literally nothing"
A source has confirmed to Anewz that all bodies of the 20 victims in the Turkish Military place crash have been recovered by search teams in Georgia's Sighnaghi municipality.
Two earthquakes centered in Cyprus on Wednesday were felt across northern and central regions of Israel, raising concerns among residents in both countries. The first tremor occurred at 11:31 a.m., with the epicenter near Paphos, Cyprus, at a depth of 21 kilometers.
Mali's Prime Minister, General Abdoulaye Maiga, sharply criticised France and Algeria on Tuesday (11 November) for allegedly supporting terrorist groups operating in the Sahel region. His comments came during the opening of the Bamako Military Exhibition (BAMEX).
A new artificial intelligence breakthrough from China is stirring debate across the global tech community, with many calling it another “DeepSeek moment.”
Streets and homes in Taiwan's Yilan County were left inundated with mud and rubble on Wednesday (12 November) after floodwaters swept through residential areas, forcing residents to wade through puddles of water and clear debris from damaged homes.
Walt Disney (DIS.N) is bracing for a potentially long and contentious battle with YouTube TV over the distribution of its television networks, a development that has raised concerns among investors about the future of its already struggling TV business.
The International Monetary Fund (IMF) is closely monitoring the aftermath of Hurricane Melissa, which caused widespread devastation across the Caribbean, particularly in Jamaica and Haiti.
MrBeast, the world’s most popular YouTuber, has officially launched his first theme park, Beast Land, in Riyadh, Saudi Arabia.
Azerbaijan are hosting Iceland in their 2026 FIFA World Cup European Qualifying match at the Neftci Arena in Baku on 13 November.
Canada and India are reopening trade talks after a two-year freeze, with both sides aiming for what Ottawa calls a “new process”, Canadian Trade Minister Maninder Sidhu said on Thursday in New Delhi.
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