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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The White House debuted on TikTok on 20 August with a pro-Trump video, entering the platform even as its future in the U.S. remains uncertain under a ...
A Russian drone strike on the city of Okhtyrka in Ukraine’s northeastern Sumy Oblast injured 12 people, including two children, according to local a...
U.S. President Donald Trump said on Tuesday he had ruled out putting U.S. troops on the ground in Ukraine, but said the United States might provide ai...
Russia offered “almost immediate” concessions during last week’s Alaska summit with former U.S. President Donald Trump, a U.S. envoy has said, s...
Start your day informed with AnewZ Morning Brief: here are the top news stories for the 20th of August, covering the latest developments you need to know.
U.S. President Donald Trump said on Tuesday he had ruled out putting U.S. troops on the ground in Ukraine, but said the United States might provide air support as part of a deal to end Russia's war in the country.
Russia offered “almost immediate” concessions during last week’s Alaska summit with former U.S. President Donald Trump, a U.S. envoy has said, signalling momentum towards a potential peace deal in Ukraine.
Oil is once again flowing to Hungary and Slovakia via the Druzhba pipeline, officials from both countries said late on Tuesday, after a Ukrainian drone strike on an oil pumping station in Russia's Tambov region halted supplies.
A powerful eruption at Japan’s Shinmoedake volcano sent an ash plume more than 3,000 metres high on Sunday morning, prompting safety warnings from authorities.
According to the German Research Centre for Geosciences (GFZ), a magnitude 5.7 earthquake struck the Oaxaca region of Mexico on Saturday.
Honduras has brought back mask mandates as COVID-19 cases and a new variant surge nationwide.
The UK is gearing up for Exercise Pegasus 2025, its largest pandemic readiness test since COVID-19. Running from September to November, this full-scale simulation will challenge the country's response to a fast-moving respiratory outbreak.
Kuwait says oil prices will likely stay below $72 per barrel as OPEC monitors global supply trends and U.S. policy signals. The remarks come during market uncertainty fueled by new U.S. tariffs on India and possible sanctions on Russia.
Start your day informed with AnewZ Morning Brief: here are the top news stories for the 20th of August, covering the latest developments you need to know.
The White House debuted on TikTok on 20 August with a pro-Trump video, entering the platform even as its future in the U.S. remains uncertain under a looming 17 September deadline.
A Russian drone strike on the city of Okhtyrka in Ukraine’s northeastern Sumy Oblast injured 12 people, including two children, according to local authorities.
U.S. President Donald Trump said on Tuesday he had ruled out putting U.S. troops on the ground in Ukraine, but said the United States might provide air support as part of a deal to end Russia's war in the country.
Russia offered “almost immediate” concessions during last week’s Alaska summit with former U.S. President Donald Trump, a U.S. envoy has said, signalling momentum towards a potential peace deal in Ukraine.
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