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NATO Tensions Spike as Trump Blasts Allies Over Iran Conflict

The US president complained NATO countries did not want to join the fight against Iran, yet still complain about high oil prices. U.S. President Donald Trump sharply criticized NATO allies on Friday, accusing them of failing to support the U.S.-Israel military campaign against Iran and branding the alliance “cowards. Rising Friction Within the Alliance Speaking from the Oval Office, Trump argued that NATO partners were unwilling to contribute meaningfully to the conflict, despite benefiting from U.S. security guarantees. He declared on social media that “without the U.S.A., NATO IS A PAPER TIGER,” warning that Washington would “remember” the lack of support.  Strategic Stakes The criticism comes as tensions escalate across the Middle East, with the U.S. and Israel engaged in active military operations against Iran. Trump has repeatedly urged NATO members to take a more assertive role, particularly in securing strategic waterways such as the Strait of Hormuz.  Broader Hum...
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U.S. stocks open mixed and turn lower after inflation report as Fed decision looms


  • Inflation data: The U.S. cost of living increased 0.1% month over month and 3.1% year over year in November, slightly higher than expected. Core inflation was in line with estimates at 0.3% month over month and 2.3% year over year.
  • Market reaction: U.S. stocks opened mixed and turned lower after the inflation report, as investors weighed the implications for interest rates and the Fed’s policy outlook. The Dow Jones Industrial Average fell 0.43%, the S&P 500 slid 0.39%, and the Nasdaq Composite dropped 0.2% on Tuesday.
  • Fed decision: The Federal Reserve is set to announce its interest rate decision on Wednesday, with no change expected in the current range of 5.25% to 5.50%. The Fed is also expected to provide an update on its balance sheet reduction plan and its economic projections for 2024 and beyond.
  • Market outlook: The S&P 500 index is near its record high, having gained 20.4% year to date, partly on hopes of slowing inflation and rate cuts in the future. However, some analysts warn that the inflation trend is still above the Fed’s 2% target and that the central bank may have to tighten monetary policy more than expected to keep inflation under control.
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