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Wall Street Stays Resilient as Nasdaq Hits Record Amid Tariff Turbulence

  Markets defy trade jitters with mixed performance Wall Street wrapped up the week with a show of resilience, as the Nasdaq Composite edged to a fresh record close , buoyed by strong tech earnings and steady economic data. The S&P 500 posted a modest weekly gain , while the Dow Jones Industrial Average slipped 0.3% , reflecting investor caution amid escalating tariff tensions. Despite President Trump’s push for 15% to 20% blanket tariffs on European Union imports , markets largely shrugged off the geopolitical noise. Economic indicators, including a sharp drop in inflation expectations from the University of Michigan’s consumer sentiment survey, helped soothe investor nerves. Netflix’s earnings beat failed to impress, dragging its stock lower, while American Express posted strong results , signaling continued spending strength among affluent consumers. Meanwhile, CRISPR Therapeutics surged 17% after a major insider stock purchase, and Bitcoin briefly topped $118,000 befor...
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Bonnie Crombie Loses Bid for Seat, Vows to Stay as Liberal Leader

 

In a surprising turn of events, Ontario Liberal Leader Bonnie Crombie lost her bid for a seat in the Mississauga East-Cooksville riding. Despite her efforts to flip Peel Region seats from PC blue to Liberal red, Crombie was defeated by her PC opponent, Silvia Gualtieri. 

The night started off rough for Crombie and the Liberals, with one TV station calling the election for the PCs within minutes of polls closing. However, Crombie remains determined to stay on as the Liberal leader and continue her political journey. 

While Crombie faced defeat, other party leaders, including Ontario NDP Leader Marit Stiles and Green Party Leader Mike Schreiner, successfully reclaimed their seats. 

Crombie's loss marks a significant moment in Ontario politics, as she vows to keep fighting for her party and constituents.



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