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Market Volatility: Stocks Flatten as Powell's Remarks Weigh on Gains

The stock market experienced a turbulent session on Wednesday, ultimately closing near flat after Federal Reserve Chair Jerome Powell's comments on monetary policy and inflation concerns. The S&P 500 ended nearly unchanged , giving back earlier gains as investors digested Powell’s remarks on the Fed’s stance regarding interest rates and economic restraint. Powell reiterated that the central bank remains cautious about inflation, particularly in light of tariff-driven price increases expected over the summer. While the Fed signaled that borrowing costs are likely to decline this year, the pace of future rate cuts appears to be slowing.  Following Powell’s speech, U.S. Treasury yields reversed their earlier declines , influencing market sentiment. The Dow Jones Industrial Average fell 43.83 points (0.10%) , while the Nasdaq Composite managed a slight gain of 23.66 points (0.12%).  Investors also kept a close eye on geopolitical developments, particularly tensions in the Midd...

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A New Era for Canada: King Charles III Delivers Historic Throne Speech

King Charles III is set to deliver a historic throne speech today, outlining Prime Minister Mark Carney’s vision for Canada’s future. This marks a rare occasion where the monarch personally reads the speech, a tradition typically carried out by the Governor General.

Carney’s agenda focuses on economic growth, trade, and affordability measures, including a tax cut promised during his campaign. His government aims to redefine Canada’s economic and security relationship with the United States while fast-tracking infrastructure projects deemed to be in the national interest. Additionally, legislation will be introduced to eliminate federal barriers to free trade within Canada.

The throne speech, delivered in the Senate of Canada, will set the tone for the new parliamentary session, highlighting the government’s priorities and commitments. With King Charles III’s presence, the event carries significant symbolic weight, reinforcing Canada’s ties to the monarchy while addressing pressing national issues.

As the nation watches, this speech is expected to shape the political landscape for years to come.

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