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 peak of Japan's Mount Fuji was capped with snow for the first time this winter on Thursday, reaching the milestone 21 days later than the average ...
Türkiye plans to acquire the necessary defence systems from its NATO allies and other partners until its domestically produced fighter jet, KAAN, is ...
Talks between Thailand and Cambodia this week have made "meaningful progress", Thai defence minister Natthaphon Narkphanit said on Thursday, ahead of ...
Nokia chief executive Justin Hotard said artificial intelligence is fuelling a structural growth cycle similar to the internet expansion of the 1990s,...
A delegation of ambassadors from NATO member states will visit Azerbaijan on 6–7 November, according to Report. The group will include envoys from 1...
The peak of Japan's Mount Fuji was capped with snow for the first time this winter on Thursday, reaching the milestone 21 days later than the average since records began in 1894, the meteorological agency said.
Türkiye plans to acquire the necessary defence systems from its NATO allies and other partners until its domestically produced fighter jet, KAAN, is ready for delivery, a source from the Turkish Defence Ministry said on Thursday.
Nokia chief executive Justin Hotard said artificial intelligence is fuelling a structural growth cycle similar to the internet expansion of the 1990s, but rejected fears that investor enthusiasm has reached unsustainable levels.
A delegation of ambassadors from NATO member states will visit Azerbaijan on 6–7 November, according to Report. The group will include envoys from 15 NATO countries.
At least 69 people have died and almost 150 injured following a powerful 6.9-magnitude earthquake off the coast of Cebu City in the central Visayas region of the Philippines, officials said, making it one of the country’s deadliest disasters this year.
A tsunami threat was issued in Chile after a magnitude 7.8 earthquake struck the Drake Passage on Friday. The epicenter was located 135 miles south of Puerto Williams on the north coast of Navarino Island.
The war in Ukraine has reached a strategic impasse, and it seems that the conflict will not be solved by military means. This creates a path toward one of two alternatives: either a “frozen” phase that can last indefinitely or a quest for a durable political regulation.
A shooting in Nice, southeastern France, left two people dead and five injured on Friday, authorities said.
Snapchat will start charging users who store more than 5GB of photos and videos in its Memories feature, prompting backlash from long-time users.
The peak of Japan's Mount Fuji was capped with snow for the first time this winter on Thursday, reaching the milestone 21 days later than the average since records began in 1894, the meteorological agency said.
Türkiye plans to acquire the necessary defence systems from its NATO allies and other partners until its domestically produced fighter jet, KAAN, is ready for delivery, a source from the Turkish Defence Ministry said on Thursday.
Talks between Thailand and Cambodia this week have made "meaningful progress", Thai defence minister Natthaphon Narkphanit said on Thursday, ahead of the potential signing of a broader ceasefire agreement.
The U.S. military conducted strikes against two vessels in the eastern Pacific Ocean, killing five alleged drug smugglers, U.S. Defense Secretary Pete Hegseth said on Wednesday. The operation marks an expansion of the Trump administration’s use of the armed forces in its counter-narcotics campaign.
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