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Trump Moves to Impose 10% Global Tariff After Court Setback

                                                        U.S. President Donald Trump In the wake of a major Supreme Court defeat, President Donald Trump announced that he will sign an executive order to impose a 10% global tariff on U.S. trading partners. The move comes just hours after the Court struck down his earlier sweeping tariff measures, ruling 6–3 that he had exceeded his authority under emergency powers.  Trump said the new tariff will be enacted under Section 122 of the Trade Act of 1974, which allows temporary trade measures to address balance‑of‑payments issues. He emphasized that the tariff would be added “over and above” existing duties, signaling his intent to continue pursuing aggressive trade policies despite the legal setback.  Defiant in tone, Trump insisted that the ruling would not constrain...
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Wall Street Closes 12th Winning Week in Last 13 Despite Mixed Finish

 

Wall Street closed its 12th winning week in the last 13 despite a mixed finish on Friday. The S&P 500 finished nearly unchanged for the day, down 0.36, or less than 0.1%, at 4,719.19. The Dow Jones Industrial Average rose 0.2% to 36,329.84, while the Nasdaq composite fell 0.5% to 15,965.50. The mixed finish came after a week of strong earnings reports from major companies, including Apple, Microsoft, and Alphabet. The reports helped push the S&P 500 to a new record high earlier in the week. However, concerns about inflation and rising interest rates weighed on the market, leading to a mixed finish on Friday.

Despite the mixed finish, the stock market has been on an upward trend, with Wall Street closing its 12th winning week in the last 13. The strong earnings reports from major companies have helped boost investor confidence, leading to a surge in the S&P 500 index. However, concerns about inflation and rising interest rates have also been on the rise, leading to a mixed finish on Friday.

Overall, the stock market has been performing well, with investors optimistic about the future. While there are concerns about inflation and rising interest rates, the strong earnings reports from major companies have helped boost investor confidence. As we move forward, it will be interesting to see how the stock market performs in the coming weeks and months.

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