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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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Russia's Role in Stalling Peace Efforts in Ukraine

European foreign ministers convened at a NATO meeting in Brussels, collectively accusing Russia of obstructing U.S.-led peace initiatives aimed at resolving the ongoing conflict in Ukraine. The ministers urged the Trump administration to adopt a firmer stance against Moscow, citing concerns over Russian President Vladimir Putin's commitment to peace.

Despite U.S. President Donald Trump's promise to bring a swift end to the three-year war, recent developments have cast doubt on Putin's intentions. Moscow rejected a U.S. proposal for a 30-day ceasefire in March, even as Ukraine expressed willingness to cooperate. Instead, the warring sides agreed to a limited pause in attacks on energy infrastructure, which both parties accused each other of violating.

British Foreign Minister David Lammy criticized Putin for "dragging his feet" and continuing to bombard Ukraine's civilian population and energy supplies. German Foreign Minister Annalena Baerbock described Putin's negotiation efforts as "empty promises," while French Foreign Minister Jean-Noel Barrot called for a definitive response from Moscow to the ceasefire proposal.

Canadian Foreign Minister Melanie Joly suggested imposing a deadline for Russia to respond, emphasizing the urgency of the situation. The ministers' collective stance reflects growing frustration with Russia's perceived lack of commitment to peace and a call for stronger international pressure.

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