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.
A senior adviser to Iran’s Supreme Leader warned the U.S. port blockade would fail, saying Tehran has ways to bypass it and could turn to con...
The United Nations has said that at least 21 people have been executed in Iran and more than 4,000 arrested since the outbreak of war involving the...
President Donald Trump discussed how to mitigate the impact of a possible months-long U.S. blockade of Iran's por...
An initial inquiry into last year’s mass shooting at Bondi Beach has called for a series of counter-terrorism reforms, alongside increased se...
Israel has intercepted aid ships for Gaza in international waters near Greece, flotilla organisers said on Thursday (30 April), decrying the move a...
The United Nations has said that at least 21 people have been executed in Iran and more than 4,000 arrested since the outbreak of war involving the United States and Israel on 28 February.
President Donald Trump discussed how to mitigate the impact of a possible months-long U.S. blockade of Iran's ports with oil companies, a White House official said on Wednesday, as the U.S. renewed its calls for other nations to help open the Strait of Hormuz.
An initial inquiry into last year’s mass shooting at Bondi Beach has called for a series of counter-terrorism reforms, alongside increased security at Jewish public events and further gun control measures.
Israel has intercepted aid ships for Gaza in international waters near Greece, flotilla organisers said on Thursday (30 April), decrying the move as an "escalation of Israel's impunity".
A Pentagon official provided the first official estimate of the cost of the U.S. war in Iran on Wednesday (29 April), telling lawmakers that $25 billion had so far been spent on the conflict, most of it on munitions. Earlier, Donald Trump said that the U.S. had "militarily defeated" Tehran.
Tensions between the United States and Iran remain high after a U.S. official said President Donald Trump was unhappy with a proposal from Tehran that does not deal with its nuclear programme. Washington is insisting that any talks must address Iran’s nuclear activities.
The decision by the United Arab Emirates to leave OPEC+ on 1 May has put renewed focus on one of the most influential groups in global energy - and how its decisions can shape oil prices worldwide.
Mexican special forces arrested Audias Flores, known as “El Jardinero”, a senior commander of the powerful Jalisco New Generation Cartel (CJNG), during an operation in the western state of Nayarit, Security Minister Omar García Harfuch said on Monday (27 April).
The United Arab Emirates has said it's quitting OPEC from 1 May, dealing a major blow to the oil producers’ group and its de facto leader, Saudi Arabia, amid disruption caused by the Iran war.
An initial inquiry into last year’s mass shooting at Bondi Beach has called for a series of counter-terrorism reforms, alongside increased security at Jewish public events and further gun control measures.
Britain's King Charles and Queen Camilla commemorated victims of the 11 September, 2001, an al Qaeda attack on New York City on Wednesday, laying a floral bouquet at the memorial where the World Trade Centre's twin towers once stood.
Two Jewish men have been stabbed in London in an incident that British police are treating as a terrorist attack.
Reversing a decade of restrictions, New South Wales has opened new areas for gas exploration in its remote west. The move reflects growing concern over future energy supply across Australia’s east coast.
Travel demand across China is expected to remain robust during the upcoming five-day Labour Day holiday starting 1 May.
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