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.
Mexican President Claudia Sheinbaum will travel to Washington on Friday to participate in the 2026 World Cup draw, joining U.S. President Donald Trump...
Britain’s King Charles welcomed German President Frank-Walter Steinmeier on Wednesday, marking the beginning of his three-day state visit to the Uni...
Diplomatic representatives from Armenia and Pakistan are actively working on plans to open a Pakistani embassy in Armenia, according to reports from A...
Poland has signed an agreement to strengthen the security of its national power grid, enlisting the armed forces to help safeguard key infrastructure ...
The U.S. has increased the reward to up to $5 million for information leading to the arrest or conviction of Giovanni Vicente Mosquera Serrano, allege...
The Kremlin has confirmed that President Vladimir Putin accepted certain proposals from the United States on ending the war in Ukraine while rejecting others, and indicated that Russia is ready to continue negotiations until an agreement is reached.
Tensions escalated at Cheikh Anta Diop University in Senegal’s capital as students clashed with security forces demanding stipends and financial aid amid the country’s deepening economic crisis.
Poland has signed an agreement to strengthen the security of its national power grid, enlisting the armed forces to help safeguard key infrastructure against potential drone attacks and sabotage.
The U.S. has increased the reward to up to $5 million for information leading to the arrest or conviction of Giovanni Vicente Mosquera Serrano, alleged leader of the violent Venezuelan gang Tren de Aragua.
A four-part docuseries executive produced by Curtis '50 cent' Jackson and directed by Alexandria Stapleton on Netflix is at the centre of controversy online.
Russia has claimed a decisive breakthrough in the nearly four-year war, with the Kremlin announcing the total capture of the key logistics hub of Pokrovsk just hours before United States mediators were due to arrive in Moscow.
Chinese scientists have unveiled a new gene-editing therapy that they say could lead to a functional cure for HIV, making it one of the most promising developments in decades of global research.
Uzbekistan has reopened its border with Afghanistan for the first time since 2021, the country’s Chamber of Commerce and Industry announced on Tuesday.
Belgian police have raided the EU’s diplomatic service and the College of Europe as part of a corruption probe into an EU-funded training academy for diplomats, detaining three suspects and searching multiple premises, according to Politico.
Ukrainian President Volodymyr Zelenskyy has announced that his country is preparing meetings in the United States with representatives of President Donald Trump, as diplomatic efforts continue to secure a dignified peace and reinforce pressure on Russia.
Vilnius Airport in Lithuania suspended operations on Wednesday after suspected balloons were spotted in its airspace, marking the latest in a series of similar incidents near the Belarus border.
Mexican President Claudia Sheinbaum will travel to Washington on Friday to participate in the 2026 World Cup draw, joining U.S. President Donald Trump and Canadian Prime Minister Mark Carney for the ceremonial event.
Britain’s King Charles welcomed German President Frank-Walter Steinmeier on Wednesday, marking the beginning of his three-day state visit to the United Kingdom. The visit, the first by a German President to the UK in 27 years, comes as the two countries continue to strengthen ties post-Brexit.
Diplomatic representatives from Armenia and Pakistan are actively working on plans to open a Pakistani embassy in Armenia, according to reports from Armenian media outlets.
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