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Canada News.Net
08-07-2025
- Business
- Canada News.Net
Tariff-wielding president punctures U.S. stock markets
NEW YORK, New York - Monday's trading session saw mixed performances across U.S. and global markets, with several major indices posting losses amid cautious investor sentiment. Piercing the record-breaking run on Wall Street, U.S. stocks tanked on Monday following President Donald Trump's decision to impose tariffs of up to 40 percent on some countries. Allies Japan and South Korea have each been hit with 25 percent levies. "I am pleased to announce that the UNITED STATES TARIFF Letters, and/or Deals, with various Countries from around the World, will be delivered starting 12:00 P.M. (Eastern), Monday, July 7th. Thank you for your attention to this matter! DONALD J. TRUMP, President of The United States of America," the president posted on his social media platform Truth Soical on Tuesday. The S&P 500 (^GSPC) fell 49.37 points, or 0.79 percent, to close at 6,229.98, while the Dow Jones Industrial Average (^DJI) dropped 422.17 points, or 0.94 percent, settling at 44,406.36. The NASDAQ Composite (^IXIC) also declined, losing 188.59 points, or 0.92 percent, to end at 20,412.52. The NYSE Composite (^NYA) slipped 180.19 points, or 0.87 percent, to 20,545.60, while the Russell 2000 (^RUT) saw a steeper drop of 34.81 points, or 1.55 percent, closing at 2,214.23. The CBOE Volatility Index (^VIX), a key measure of market fear, rose 0.31 points, or 1.77 percent, to 17.79. European Markets Show Resilience European indices largely bucked the downtrend, with Germany's DAX (^GDAXI) climbing 286.22 points, or 1.20 percent, to 24,073.67. France's CAC 40 (^FCHI) added 27.20 points, or 0.35 percent, reaching 7,723.47, and the EURO STOXX 50 (^STOXX50E) gained 52.73 points, or 1.00 percent, closing at 5,341.54. UK Markets Drift Lower The UK's FTSE 100 (^FTSE), however, edged down 16.38 points, or 0.19 percent, to 8,806.53. Asia and Pacific Markets Mixed In Asia, Japan's Nikkei 225 (^N225) fell 223.20 points, or 0.56 percent, to 39,587.68, while Australia's S&P/ASX 200 (^AXJO) dipped 13.70 points, or 0.16 percent, to 8,589.30. Hong Kong's Hang Seng Index (^HSI) slipped 28.23 points, or 0.12 percent, to 23,887.83. On the upside, South Korea's KOSPI (^KS11) rose 5.19 points, or 0.17 percent, to 3,059.47. Commodities and Currencies The U.S. Dollar Index ( strengthened, gaining 0.37 points, or 0.38 percent, to 97.55. Meanwhile, the Japanese Yen Currency Index (^XDN) fell 0.50 points, or 0.73 percent, to 68.45, and the Australian Dollar Currency Index (^XDA) dropped 0.80 points, or 1.21 percent, to 64.91. Latin America and Emerging Markets Brazil's IBOVESPA (^BVSP) tumbled 1,773.86 points, or 1.26 percent, to 139,489.70, while Mexico's IPC (^MXX) lost 488.29 points, or 0.84 percent, closing at 57,489.47. Argentina's MERVAL (^MERV) declined sharply by 28,762.88 points, or 1.38 percent, to 2,049,934.12. Investors remain cautious ahead of key economic data and central bank decisions later in the week. Market participants will closely monitor inflation figures and employment reports for further direction. U.S. Markets UK and European Markets FTSE 100 (^FTSE): 8,806.53 ▼ 16.38 (↓ 0.19 percent) DAX (^GDAXI): 24,073.67 ▲ 286.22 (↑ 1.20 percent) CAC 40 (^FCHI): 7,723.47 ▲ 27.20 (↑ 0.35 percent) EURO STOXX 50 (^STOXX50E): 5,341.54 ▲ 52.73 (↑ 1.00 percent) Euronext 100 (^N100): 1,576.47 ▲ 6.65 (↑ 0.42 percent) BEL 20 (^BFX): 4,487.49 ▲ 2.45 (↑ 0.05 percent) Asia and Pacific Markets Hang Seng Index (^HSI): 23,887.83 ▼ 28.23 (↓ 0.12 percent) Nikkei 225 (^N225): 39,587.68 ▼ 223.20 (↓ 0.56 percent) S&P/ASX 200 (^AXJO): 8,589.30 ▼ 13.70 (↓ 0.16 percent) All Ordinaries (^AORD): 8,826.40 ▼ 15.50 (↓ 0.18 percent) KOSPI (^KS11): 3,059.47 ▲ 5.19 (↑ 0.17 percent) TWSE (^TWII): 22,428.72 ▼ 118.78 (↓ 0.53 percent) STI Index (^STI): 4,031.86 ▲ 18.24 (↑ 0.45 percent) IDX Composite (^JKSE): 6,900.93 ▲ 35.74 (↑ 0.52 percent) FTSE Bursa Malaysia KLCI (^KLSE): 1,537.54 ▼ 12.65 (↓ 0.82 percent) S&P/NZX 50 (^NZ50): 12,764.95 ▼ 1.65 (↓ 0.01 percent) Middle East & Africa TA-125 (^ 3,097.79 ▼ 15.87 (↓ 0.51 percent) EGX 30 (^CASE30): 33,037.60 ▲ 123.90 (↑ 0.38 percent) Top 40 USD Net TRI (^ 5,433.72 ▼ 22.65 (↓ 0.42 percent) Americas (Ex-U.S.) S&P/TSX Composite (^GSPTSE): 27,020.28 ▼ 15.88 (↓ 0.06 percent) IBOVESPA (^BVSP): 139,489.70 ▼ 1,773.86 (↓ 1.26 percent) IPC Mexico (^MXX): 57,489.47 ▼ 488.29 (↓ 0.84 percent) S&P IPSA (^IPSA): 8,257.14 ▼ 28.15 (↓ 0.34 percent) MERVAL (^MERV): 2,049,934.12 ▼ 28,762.88 (↓ 1.38 percent) Currency & Global Indices U.S. Dollar Index ( 97.55 ▲ 0.37 (↑ 0.38 percent) MSCI Europe (^125904-USD-STRD): 2,427.20 ▲ 2.60 (↑ 0.11 percent) British Pound Index (^XDB): 136.01 ▼ 0.47 (↓ 0.35 percent) Euro Currency Index (^XDE): 117.09 ▼ 0.47 (↓ 0.40 percent) Japanese Yen Index (^XDN): 68.45 ▼ 0.50 (↓ 0.73 percent) Australian Dollar Index (^XDA): 64.91 ▼ 0.80 (↓ 1.21 percent) Key Takeaways U.S. markets led declines, with the Dow and S&P 500 both falling nearly 1 percent following new tariffs. European stocks outperformed, with Germany's DAX surging 1.2 percent. Asia was mixed, with slight gains in South Korea and Singapore offset by losses in Japan and Australia.
Newsweek
24-06-2025
- Politics
- Newsweek
Trump Urges Iran and Israel to Respect Ceasefire After Deadly Attack
Based on facts, either observed and verified firsthand by the reporter, or reported and verified from knowledgeable sources. Newsweek AI is in beta. Translations may contain inaccuracies—please refer to the original content. U.S. President Donald Trump announced that a ceasefire had now begun between Iran and Israel and he called for it to be respected. "THE CEASEFIRE IS NOW IN EFFECT. PLEASE DO NOT VIOLATE IT! DONALD J. TRUMP, PRESIDENT OF THE UNITED STATES!," he posted on Truth Social. A deadly Iranian missile attack on Israel around the time a ceasefire was due to take effect had raised doubts over whether it was effective.
Indian Express
22-06-2025
- Politics
- Indian Express
Iran says ‘no signs of contamination' after US strikes 3 nuclear facilities
Iranian authorities have said that there were no signs of contamination at its nuclear sites in Isfahan, Fordow and Natanz after the United States carried out air strikes targeted at the facilities on Saturday night, Associated Press reported. The Iranian state media quoted the country's National Nuclear Safety System Centre which released a statement after the US strikes that its radiation detectors recorded no release of radioactive materials. 'ANY RETALIATION BY IRAN AGAINST THE UNITED STATES OF AMERICA WILL BE MET WITH FORCE FAR GREATER THAN WHAT WAS WITNESSED TONIGHT. THANK YOU! DONALD J. TRUMP, PRESIDENT OF THE UNITED STATES' — The White House (@WhiteHouse) June 22, 2025 Iran's National Nuclear Safety System Centre further stated that there is no danger to the residents living near the nuclear sites of Isfahan, Fordow and Natanz. Israel, which had launched 'Operation Rising Lion' last Friday to restrict Iran from enriching uranium and dismantling its nuclear program, had attacked the nuclear sites but similarly no release of radioactive material was recorded into the environment around the facilities. President Donald Trump on Saturday announced that the United States conducted air strikes at three Iranian nuclear facilities, and declared that it was a 'very successful attack' which has 'completely and totally obliterated' Tehran's nuclear programme. Trump further warned Iran that the path forward held 'either peace or tragedy', and cautioned the Islamic country that many more targets remain on the radar of the US military. Trump, while addressing the country in a televised address on Saturday said, 'The strikes were a spectacular military success. Iran's key nuclear enrichment facilities have been completely and totally destroyed.' The strikes by the US come after about two months of deliberation between the Trump administration and the Iranian authorities to broker a nuclear deal, which failed after Israel launched its offensive against Tehran last week. The US military's strikes marks a major escalation in the conflict as America has formally joined Israel's military campaign against Iran. Iran's foreign minister Abbas Araghchi has called out the United States for its targeted strikes in Iran and said that it is a violation of the UN charter.
The Hill
12-02-2025
- Entertainment
- The Hill
New Kennedy Center board elects Trump as its chairman
President Trump says he's now the chairman of the Kennedy Center following a vote by its board after, in an unprecedented move, he named himself to the position. 'It is a Great Honor to be Chairman of The Kennedy Center, especially with this amazing Board of Trustees,' Trump wrote on Truth Social on Wednesday. 'We will make The Kennedy Center a very special and exciting place!' the president said. Trump's remarks came after the Kennedy Center's board reportedly elected him to lead the prominent performing arts institution in Washington on Wednesday. The election of a sitting president came after a surprise announcement last week by Trump, saying he would 'immediately terminate multiple individuals from the Board of Trustees, including the Chairman, who do not share our Vision for a Golden Age in Arts and Culture.' 'We will soon announce a new Board, with an amazing Chairman, DONALD J. TRUMP!' he said on Friday. The move to make himself chairman replaced billionaire philanthropist David Rubenstein. While the co-founder of the private equity firm Carlyle Group has ties to former President Biden, Rubenstein previously told ITK, 'I don't support any candidate any time anywhere. I don't give any money to politicians, no matter who they are. I've never given a penny to anybody running for president of the United States.' The Kennedy Center didn't immediately return ITK's request for comment about Trump's announcement that he was elected as its chairman. On Monday, Trump said he tapped Richard Grenell, his envoy for special missions, as the interim executive director of the Kennedy Center. That same day, Trump said, 'We took over the Kennedy Center. We didn't like what they were showing.' 'We're going make sure that it's good and it's not going be woke. There's no more woke in this country,' he said. Online he added: 'Just last year, the Kennedy Center featured Drag Shows specifically targeting our youth — THIS WILL STOP.'
