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.
Israeli Prime Minister Benjamin Netanyahu said on Thursday (9 April) he is seeking direct talks with Beirut, a day...
Israeli Prime Minister Benjamin Netanyahu says he has given an instruction for Israel to begin peace talks with Lebanon that would also include the...
The Turkish Foreign Ministry has condemned continued Israeli attacks on southern Lebanon, which have left hundreds dead - mostly civilians -&n...
Every year, 9 April brings Georgia to a standstill. It is a day of grief, pride and reflection, as the nation remembers those who died for freedom ...
Memorial events were held in Tehran’s main squares on Wednesday (8 April) to mark the 40th day since the ...
Israeli Prime Minister Benjamin Netanyahu says he has given an instruction for Israel to begin peace talks with Lebanon that would also include the disarming of Hezbollah.
Memorial events were held in Tehran’s main squares on Wednesday (8 April) to mark the 40th day since the killing of former Supreme Leader Ayatollah Ali Khamenei, who died during U.S.-Israeli attacks on 28 February.
More than a million Sudanese refugees now face drastic cuts to life-saving aid, including food and water, after major funding shortfalls have left humanitarian agencies struggling to cope.
Italian Prime Minister Giorgia Meloni said on Thursday (9 April) that restoring freedom of navigation in the Strait of Hormuz is a vital interest for both Italy and the European Union, pledging coordination with international partners to ensure safe passage.
China and Russia vetoed a United Nations Security Council resolution on Tuesday aimed at coordinating defensive efforts to protect commercial shipping in the Strait of Hormuz, leaving no agreed international framework for securing the vital route.
Lebanon’s Hezbollah said it had stopped firing on northern Israel and Israeli forces on Wednesday as part of a two-week ceasefire in the Middle East brokered between the United States and Iran. However, a Hezbollah lawmaker warned that the pause could collapse if Tel Aviv does not adhere to it.
Pakistan’s Prime Minister Shehbaz Sharif said Iran and the United States, along with their allies, have agreed to an immediate two-week ceasefire covering all areas, but Israel says the deal excludes Lebanon. Tel Aviv says the U.S. is committed to achieving shared goals in upcoming negotiations.
Israeli Prime Minister Benjamin Netanyahu says he has given an instruction for Israel to begin peace talks with Lebanon that would also include the disarming of Hezbollah.
U.S. President Donald Trump announced on Tuesday that he had agreed to a two-week ceasefire with Iran, less than two hours before his deadline for Tehran to reopen the Strait of Hormuz or face U.S. attacks on its civilian infrastructure.
Three Russian submarines were detected near British waters, the UK Defence Secretary, John Healey MP, announced on Thursday (9 April). Speaking at a press briefing in Downing Street, he said an attack submarine and two specialist vessels were being monitored by the Ministry of Defence.
More than a million Sudanese refugees now face drastic cuts to life-saving aid, including food and water, after major funding shortfalls have left humanitarian agencies struggling to cope.
Russia will see revenue from its biggest single oil tax double to $9 billion in April, driven by the oil and gas crisis triggered by the U.S. and Israeli attack on Iran, Reuters calculations showed on Thursday.
At least four people died after a small dinghy carrying migrants to Britain sank in the English Channel, French authorities announced on Thursday.
A federal appeals court in Washington, D.C., on Wednesday declined to block the Pentagon’s national security blacklisting of Anthropic for now, handing a win to the Trump administration after a separate appeals court reached the opposite conclusion.
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