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 European Union has moved closer to finalising a trade agreement with the United States in an effort to avoid a...
Russia delivered nuclear munitions to field storage facilities in Belarus as part of major nuclear drills, the Russia...
Russia and China plan to unveil a nearly one-kilometre cable car over the Amur river by the end of the year, the TASS state news agency reported on...
Chinese President Xi Jinping may visit North Korea as early as next week, South Korea's Yonhap news agency ...
The pneultimate day of the World Urban Forum 13 in Baku will see Azerbaijan's Pavilion highlight post-construction efforts in Garabagh ...
In a war shaped by missiles, blockades, threats and Donald Trump’s unpredictable announcements, one of Europe’s most consequential decisions has been a refusal. Spain rejected the use of the Rota and Morón bases for attacks on Iran and later closed its airspace to aircraft involved in the campaign.
Russia and China plan to unveil a nearly one-kilometre cable car over the Amur river by the end of the year, the TASS state news agency reported on Thursday (21 May).
Chinese President Xi Jinping may visit North Korea as early as next week, South Korea's Yonhap news agency reported late on Wednesday (21 May) quoting a senior government official.
The pneultimate day of the World Urban Forum 13 in Baku will see Azerbaijan's Pavilion highlight post-construction efforts in Garabagh and East Zangezur, as well as host events on the future of Baku and architectural education.
Asian stocks surged on Thursday as some vessels resumed passage through the Strait of Hormuz, while forecast-beating results at Nvidia and a suspended workers' strike at Samsung Electronics lifted shares of chipmakers.
United Nations World Urban Forum 13 continues in Baku, Azerbaijan on 19 May with sessions and roundtable discussions focused on strengthening dialogue and advancing cooperation in urban development. Organisers say there are nearly 3 billion people globally who face some form of housing inadequacy.
Day four of the World Urban Forum (WUF) in Baku brings a packed agenda on sustainable cities and the global housing crisis, with sessions on green housing, smart cities, public spaces and urban rights taking place on Wednesday (20 May) at Baku Olympic Stadium in Azerbaijan.
At least 21 people have been killed and thousands evacuated after torrential rain triggered flooding, landslides and transport disruption across southern and central China, with authorities warning that more heavy rainfall is expected along the Yangtze River.
Russia’s ambassador to the United Nations Vasily Nebenzya warned on Tuesday (19 May) that Moscow could retaliate against Baltic states if Ukraine launches military drones from that region. Latvia, the United States and Ukraine responded strongly during a UN Security Council meeting.
Russia pledged support for Cuba on Thursday after the U.S. indicted former Cuban president Raúl Castro on murder charges linked to the 1996 downing of exile planes, escalating tensions between Washington and Havana.
The European Union has moved closer to finalising a trade agreement with the United States in an effort to avoid a new tariff escalation threatened by President Donald Trump. The proposed deal is aimed at stabilising transatlantic trade ties amid mounting economic and political pressure.
Russia delivered nuclear munitions to field storage facilities in Belarus as part of major nuclear drills, the Russian Defence Ministry said on Thursday.
Russia and China plan to unveil a nearly one-kilometre cable car over the Amur river by the end of the year, the TASS state news agency reported on Thursday (21 May).
Chinese President Xi Jinping may visit North Korea as early as next week, South Korea's Yonhap news agency reported late on Wednesday (21 May) quoting a senior government official.
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