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.
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Leaders of countries from the Commonwealth of Independent States (CIS) have agreed to hold coordinated population censuses around 2030. They took the decision at the CIS Council of Heads of State meeting in Awaza, Turkmenistan on Friday, media reported.
The explosion at King Khalid International Airport in Riyadh on Saturday afternoon killed at least 12 people and injured a further 309, according to Saudi Arabia’s Civil Aviation Authority. The airport remains closed until further notice.
Russian President Vladimir Putin expressed surprise after Donald Trump mediated the Armenia-Azerbaijan peace agreement in 2025, the U.S. President said at a rally in New York state on Friday.
The United Nations has condemned a sharp rise in attacks on civilians in Ukraine, reporting that more than 100 people were killed and at least 429 injured in a single week as Russian strikes hit residential areas, passenger buses and critical infrastructure.
The U.S. has imposed sanctions on the International Criminal Court (ICC) on Friday (9 October) escalating tensions with European allies and potentially targeting companies that provide services to the tribunal. The move came hours after former ICC judge Navi Pillay won the Nobel Peace Prize.
Air France has reportedly informed its pilots and cabin crew of new Israeli restrictions preventing employees holding certain nationalities, including dual nationals, from operating flights to Israel, according to an investigation published by French outlet Mediapart on Saturday.
Nepali authorities urged villagers on Sunday (11 October) to move to safer places after a flood in a river in the central part of the country swept away several houses and infrastructure, but there were no reports of any casualties.
France’s internal police watchdog (IGPN) is investigating 24 cases linked to student protests across the country, including an incident in which a 14-year-old boy suffered a broken jaw and shattered teeth after allegedly being struck by a police projectile.
Pope Leo XIV renewed his condemnation of the death penalty on Saturday (10 October), saying it violated the sanctity of human life and denied people the chance of redemption, days after the Pentagon announced plans to livestream a U.S. military execution.
Three people were injured in a stabbing at a further education college in Warsaw on Saturday, police said, as a series of violent incidents involving young people raised concerns about possible copycat attacks in Poland.
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