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Market Volatility: Stocks Flatten as Powell's Remarks Weigh on Gains

The stock market experienced a turbulent session on Wednesday, ultimately closing near flat after Federal Reserve Chair Jerome Powell's comments on monetary policy and inflation concerns. The S&P 500 ended nearly unchanged , giving back earlier gains as investors digested Powell’s remarks on the Fed’s stance regarding interest rates and economic restraint. Powell reiterated that the central bank remains cautious about inflation, particularly in light of tariff-driven price increases expected over the summer. While the Fed signaled that borrowing costs are likely to decline this year, the pace of future rate cuts appears to be slowing.  Following Powell’s speech, U.S. Treasury yields reversed their earlier declines , influencing market sentiment. The Dow Jones Industrial Average fell 43.83 points (0.10%) , while the Nasdaq Composite managed a slight gain of 23.66 points (0.12%).  Investors also kept a close eye on geopolitical developments, particularly tensions in the Midd...
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Liberal MPs Renew Efforts to Oust Trudeau Amid Growing Internal Dissent

 

In a fresh wave of internal dissent, a faction of Liberal Members of Parliament (MPs) has launched a renewed push to oust Prime Minister Justin Trudeau. This latest effort comes on the heels of recent byelection defeats in key ridings, which have intensified calls for a change in leadership.

At least 20 Liberal MPs have reportedly signed a document urging Trudeau to step down, reflecting growing frustration within the party. The MPs argue that a leadership change is essential to revitalize the party’s prospects ahead of the next federal election. However, some party members remain skeptical about the effectiveness of this revolt, questioning whether it will gain enough momentum to force Trudeau’s resignation.

This internal strife highlights the challenges Trudeau faces as he seeks to maintain his leadership amidst mounting pressure from both within and outside the party. As the situation unfolds, the coming weeks will be crucial in determining whether Trudeau can weather this storm or if the Liberal Party will see a significant shift in its leadership.


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