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Colombia on Edge as Trump’s Post‑Venezuela Threats Stir Regional Anxiety

Colombian military patrol the Simón Bolívar International Bridge in Cúcuta on Tuesday. After the U.S. seized Venezuelan President Nicolás Maduro, members of powerful armed groups started arriving in Colombia from neighbouring Venezuela. Tensions in Colombia have intensified following President Donald Trump’s forceful remarks in the wake of the U.S. military operation that captured Venezuelan leader Nicolás Maduro. The comments have revived long‑standing fears about regional instability and raised questions about the future of U.S.–Colombia relations. Rising Tensions After the Venezuela Strike In the aftermath of the Venezuela attack, Trump issued sharp warnings toward Colombia, accusing President Gustavo Petro of enabling drug production and trafficking. He suggested that Petro’s government “would not be doing it for long,” a statement widely interpreted as a threat of potential intervention. The remarks came amid a broader pattern of aggressive rhetoric toward several countries, s...
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Wall Street Rallies Despite Fed's Tapering Plans

 


Stocks rose on Friday, extending their gains for the week, as investors shrugged off the hawkish tone of Federal Reserve Chair Jerome Powell's testimony to Congress. Powell signaled that the Fed is ready to start tapering its bond purchases as soon as November, and that interest rate hikes could follow sooner than expected. However, he also acknowledged that the economic recovery is still facing headwinds from the delta variant of the coronavirus and supply chain disruptions.

The Dow Jones Industrial Average climbed 0.7%, or 238 points, to close at 35,677. The S&P 500 gained 0.8%, or 34 points, to end at 4,544. The Nasdaq Composite advanced 0.9%, or 139 points, to finish at 15,212. All three major indexes posted weekly gains of more than 1%.

The dollar weakened against a basket of major currencies, as traders reduced their bets on a faster pace of monetary tightening. The dollar index fell 0.3% to 93.38. The yield on the 10-year Treasury note edged lower to 1.45%, after hitting a three-month high of 1.54% on Thursday.

Wall Street analysts said that Powell's comments were largely priced in by the market, and that investors are focusing on the strong earnings outlook and the prospects of more fiscal stimulus from Washington. They also noted that the Fed's tapering plans are contingent on the economic data, which could change depending on the evolution of the pandemic and inflation.

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