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Territorial Disputes Dominate Geneva Peace Talks

US President Donald Trump's son-in-law Jared Kushner, US Special Envoy Steve Witkoff, US Secretary of State Marco Rubio, US Army Secretary Daniel Driscoll sit before closed-door talks with Head of the Office of the President of Ukraine Andriy Yermak  (not pictured) on ending Russia's war in Ukraine, at the US Mission in Geneva, Switzerland. Negotiators from Russia and Ukraine convened in Geneva for a new round of U.S.-mediated peace talks, with territorial disputes emerging as the central point of contention. The discussions, held over two days, come amid heightened pressure from U.S. President Donald Trump, who has urged Kyiv to “come to the table fast” in pursuit of a settlement.  Both sides remain deeply divided over land claims, which have become the primary obstacle to progress. The Kremlin has signaled that territorial issues will dominate the agenda, while Ukrainian President Volodymyr Zelenskyy has voiced concerns that Kyiv is facing disproportionate p...
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Wall Street Mixed as Red-Hot Chipmaker Nvidia Claws Back Losses

 

World stocks experienced mixed performance today, with Wall Street showing a quiet and varied session. The red-hot chipmaker Nvidia, which had seen a meteoric rise in recent weeks, contributed to the market’s mixed sentiment.

Nvidia’s Recovery

  • Nvidia’s stock rose 2.2% before the opening bell, signaling a partial recovery from its recent losses. The frenzy over artificial intelligence (AI) that had propelled Nvidia’s stock to new heights appeared to be cooling down.
  • Just last week, Nvidia briefly overtook Microsoft as Wall Street’s most valuable company. However, in the past three days, it had declined nearly 13%.

Other Market Highlights

  • Microsoft: Shares of Microsoft remained essentially flat after the European Union accused the software giant of violating antitrust rules related to its Teams messaging and videoconferencing app.
  • SolarEdge: Solar panel manufacturer SolarEdge faced challenges, with its stock tumbling more than 17% before the bell. Customer PM&M Electric, owing SolarEdge over $11 million, filed for bankruptcy. Additionally, SolarEdge announced plans to raise $300 million through the sale of convertible senior notes.
  • Epac: Toolmaker Epac slid more than 9% due to missed third-quarter sales targets and lower-than-expected fourth-quarter revenue guidance.
  • Consumer Confidence Report: Later today, the Conference Board will release the latest consumer confidence report. In May, U.S. consumers showed increased confidence despite elevated inflation and high interest rates.
  • Global Markets: In Europe, France’s CAC 40 lost 0.8%, Germany’s DAX sank 1%, and Britain’s FTSE 100 was 0.2% lower. Japan’s benchmark Nikkei 225 surged 1%, while the Hang Seng in Hong Kong recovered most of its daytime losses to end 0.3% higher.

Conclusion

Today’s market reflects a mix of optimism and caution, with Nvidia’s performance closely watched. 

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