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Wall Street Stumbles as Trump’s Tariff Threats Rattle Global Markets

U.S. stock markets kicked off the week in the red as renewed trade tensions sparked by former President Donald Trump sent shockwaves through Wall Street. The Dow Jones Industrial Average tumbled over 400 points, while the S&P 500 and Nasdaq Composite dropped 0.8% and 0.9% respectively. The sell-off followed Trump’s announcement of sweeping new tariffs set to take effect on August 1. In a series of public letters posted to social media, Trump warned that countries including Japan, South Korea, South Africa, and Malaysia would face levies ranging from 25% to 40% unless trade agreements are finalized by a self-imposed July 9 deadline. Adding to the market jitters, Trump declared that any nation aligning with the “Anti-American policies of BRICS” would be hit with an additional 10% tariff, escalating tensions with key trading partners like China and India. The tech sector bore the brunt of the downturn, with Tesla shares plunging nearly 7% amid political controversy surrounding CEO Elo...
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Arctic Blast: Winter Storm Spreads from New Orleans to Florida and Carolinas

A major winter storm that brought record-breaking snow to New Orleans has now spread into Florida and the Carolinas, causing significant disruptions and dangerous conditions. The storm, which initially slammed Texas and blanketed the northern Gulf Coast with snow, has moved eastward, bringing heavy snow, sleet, and freezing rain to parts of the Florida Panhandle, Georgia, and eastern Carolinas.

In New Orleans, the storm set a new record with 10 inches of snowfall, far surpassing the previous record of 2.7 inches set in 1963. The rare snowfall led to highway closures, grounded flights, and school cancellations. The unusual weather also prompted the first-ever blizzard warnings for several coastal counties near the Texas-Louisiana border.

As the storm continues its path, Jacksonville, Florida, is expected to see snow, sleet, and accumulating ice, leading to the closure of Jacksonville International Airport and the cancellation of classes and government offices. In eastern North Carolina, near-blizzard conditions are predicted, with up to 8 inches of snow expected in the Outer Banks.

Authorities have reported three deaths related to the cold weather, and dangerous below-freezing temperatures are expected to persist over much of the region. Residents are advised to stay indoors and monitor local forecasts as the storm moves through Georgia and the Carolinas.

Despite the challenges, many people have embraced the rare weather, engaging in snowball fights, sledding, and even urban skiing in New Orleans. The storm has certainly made for a memorable winter in the Deep South.


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