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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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Stock Market Today: Dow, S&P 500, Nasdaq Futures Signal Rebound from Fed-Fueled Rout

                                          

U.S. stock futures indicated a rebound Thursday morning following a significant sell-off triggered by the Federal Reserve's latest interest rate decision. Futures tied to the S&P 500 rose by 0.5%, while those for the tech-heavy Nasdaq climbed 0.6%. The Dow Jones Industrial Average futures also saw a 0.5% increase.

The Federal Reserve's decision to scale back the number of anticipated rate cuts next year to two, coupled with Chair Jerome Powell's cautious remarks, led markets to interpret the move as a "hawkish cut," resulting in steep declines for the S&P 500 and Nasdaq. The Dow, meanwhile, is experiencing its longest losing streak in 50 years.

Despite the recent downturn, the Dow remains up over 12% for the year. On the economic front, the third estimate for third-quarter U.S. GDP showed a growth rate of 3.1%, surpassing earlier estimates. Additionally, weekly unemployment claims fell to 220,000, down from 242,000 the previous week.

Investors are now closely watching the market's response to these developments, hoping for a rebound in the coming days.




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