U.S. stocks edged lower as investors navigated a mix of rising oil prices, corporate earnings signals, and shifting expectations around Federal Reserve policy. The Dow, S&P 500, and Nasdaq all turned down after early gains, reflecting a market grappling with geopolitical tensions and inflation concerns. Indexes Pull Back All three major indexes slipped roughly between 0.3% and 0.6%, giving back some of the previous session’s momentum. The downturn followed renewed volatility in energy markets and cautious sentiment around consumer spending. Oil Prices Add Fresh Pressure Crude prices extended their sharp rally, driven by heightened worries over a potential U.S.–Iran conflict. Brent crude climbed above $71 per barrel, while West Texas Intermediate hovered near $66 — its biggest daily jump since October. Rising energy costs revived inflation concerns and weighed on equities. Walmart Earnings in Focus Walmart posted stronger‑than‑expected results, but its cautious pro...
Trudeau to Reshuffle Cabinet Amid Ministerial Departures
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Prime Minister Justin Trudeau is preparing for another cabinet shuffle following the announcement that four more federal ministers will not seek re-election. This move comes at a time when Trudeau’s leadership is facing increasing scrutiny.
The ministers stepping down include Filomena Tassi, who cited personal reasons for her decision. This reshuffle is expected to address the gaps left by these departures and ensure the government remains focused on its priorities.
The upcoming changes are part of Trudeau’s ongoing efforts to refresh his team and maintain stability within his administration as the next election approaches.
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