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...
Pierre Poilievre Faces Defeat in Ottawa-Area Riding Amid Federal Election Shake-Up
In a surprising turn of events during Canada's 2025 federal election, Conservative leader Pierre Poilievre is projected to lose his long-held seat in the Carleton riding. With two polls yet to report, Liberal candidate Bruce Fanjoy has taken the lead, marking a significant shift in the political landscape.
Poilievre, who has represented the Ottawa-area riding since 2004, faced a strong challenge from Fanjoy, whose campaign emphasized affordable housing and cost-of-living solutions. This defeat comes as a personal blow to Poilievre, who had previously secured the riding with a comfortable margin in past elections.
The broader election results indicate a Liberal victory nationwide, with Mark Carney poised to lead the government. While the Conservatives have made gains in other areas, Poilievre's loss underscores the unpredictable nature of this election.
Comments
Post a Comment