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.
The White House has instructed U.S. military forces to concentrate largely on enforcing a “quarantine” on Venezuelan oil exports for at least the ...
The Iranian government has announced plans to build nuclear power plants using domestic industrial capacity in conjunction with Russia....
Military representatives from Cambodia and Thailand met in Chanthaburi province on Wednesday ahead of formal ceasefire talks at the 3rd special GBC me...
Georgia's Parliament Speaker Shalva Papuashvili has accused Brussels of using visa policy as a political weapon rather than a technical instrument....
Since the end of the 2020 conflict with Armenia, Azerbaijan continues to grapple with the enduring danger of landmines scattered across its regained t...
The White House has instructed U.S. military forces to concentrate largely on enforcing a “quarantine” on Venezuelan oil exports for at least the next two months, a U.S. official told Reuters, signalling that Washington is prioritising economic pressure over direct military action against Caracas.
Military representatives from Cambodia and Thailand met in Chanthaburi province on Wednesday ahead of formal ceasefire talks at the 3rd special GBC meeting scheduled for 27th December.
Georgia's Parliament Speaker Shalva Papuashvili has accused Brussels of using visa policy as a political weapon rather than a technical instrument.
Since the end of the 2020 conflict with Armenia, Azerbaijan continues to grapple with the enduring danger of landmines scattered across its regained territories.
Vince Zampella, co-creator of the Call of Duty gaming franchise, has died in a car crash involving a Ferrari crash on Monday in Los Angeles, United States.
Israeli Prime Minister Benjamin Netanyahu said Israel is monitoring recent Iranian military exercises and will raise the issue with U.S. President Donald Trump during his visit to Washington next week.
U.S. President Donald Trump has approved plans to construct a new class of battleships, which he described as larger, faster and significantly more powerful than any previous U.S. warship.
Thailand and Cambodia both reported fresh clashes on Wednesday, as the two sides prepared to hold military talks aimed at easing tensions along their shared border.
Libya’s chief of staff, Mohammed Ali Ahmed Al-Haddad, has died in a plane crash shortly after departing Türkiye’s capital, Ankara, the prime minister of Libya’s UN-recognised government has said.
A majority of Russians expect the war in Ukraine to end in 2026, state pollster VTsIOM said on Wednesday, in a sign that the Kremlin could be testing public reaction to a possible peace settlement as diplomatic efforts to end the conflict intensify.
The White House has instructed U.S. military forces to concentrate largely on enforcing a “quarantine” on Venezuelan oil exports for at least the next two months, a U.S. official told Reuters, signalling that Washington is prioritising economic pressure over direct military action against Caracas.
Military representatives from Cambodia and Thailand met in Chanthaburi province on Wednesday ahead of formal ceasefire talks at the 3rd special GBC meeting scheduled for 27th December.
France’s government is moving to pass emergency legislation to keep the state operating into January after lawmakers failed to agree on a 2026 budget, as pressure grows from investors and credit ratings agencies.
Australia’s most populous state has passed sweeping new gun control and anti-terror laws following a mass shooting at Bondi Beach, tightening firearm ownership rules, banning the public display of terrorist symbols and expanding police powers to restrict protests.
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