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Trade Tensions Rattle Wall Street’s Momentum

After an impressive streak of gains that pushed major U.S. indices to record highs, the stock market faced a sharp reversal as renewed trade tensions triggered investor anxiety. The Dow Jones Industrial Average, S&P 500, and Nasdaq all pulled back in Friday’s session, with financials and industrials leading the retreat. Concerns were reignited after new tariffs targeting tech and manufacturing imports between the U.S. and China surfaced, prompting fears of escalating economic friction. These measures, aimed at protecting domestic industries, were met with criticism from global partners and stoked uncertainty about the broader trade landscape. Analysts note that while earnings remain strong and economic indicators are still resilient, the shadow of protectionism looms large. Investor sentiment, which had been buoyed by dovish monetary policy and solid corporate results, now finds itself caught in geopolitical crosswinds. Many traders are now recalibrating their expectations heading ...
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Myanmar Earthquake: A Nation in Crisis

The devastating 7.7-magnitude earthquake that struck Myanmar on Friday has left the nation grappling with an overwhelming humanitarian crisis. As of Sunday, the death toll has risen to approximately 1,700, with over 3,400 injured and 300 still missing. Hospitals are struggling to cope with the influx of casualties, and critical infrastructure, including bridges, highways, and airports, has been severely damaged, hindering rescue and relief efforts.

The earthquake, one of the strongest in Myanmar's history, has compounded the challenges faced by a country already in turmoil due to civil war and economic instability. International aid and rescue teams from neighboring countries like India, China, and Thailand, as well as Malaysia, Singapore, and Russia, have begun arriving to assist in relief efforts. However, the scale of destruction and the urgency of stabilizing affected communities before the monsoon season pose significant challenges.

The International Federation of Red Cross and Red Crescent Societies has emphasized the growing humanitarian needs and the importance of restoring transportation routes to facilitate effective rescue operations. With predictions suggesting the death toll could exceed 10,000, Myanmar faces a long and arduous road to recovery.

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