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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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Diplomatic Tensions Rise as Trump Challenges South African President Over White Farmer Killings

In a tense Oval Office meeting, U.S. President Donald Trump confronted South African President Cyril Ramaphosa over claims that white farmers in South Africa are being systematically targeted and killed. Trump presented videos and news articles to support his allegations, despite experts asserting that there is no evidence of whites being specifically targeted.

During the meeting, Trump dimmed the lights to play a video of a far-left politician chanting a song with lyrics referencing violence against farmers. He also pointed to printed images, claiming they showed proof of a "genocide" against white South Africans. Ramaphosa, however, firmly denied the accusations, stating that criminal violence affects all races in South Africa and that the government does not endorse any policies targeting white farmers.

The exchange marked a low point in U.S.-South Africa relations, with Ramaphosa seeking to reset diplomatic ties while Trump remained focused on his claims. The South African leader emphasized that his government opposes violence and land seizures, countering Trump's assertions that white farmers are fleeing the country due to persecution.

Despite Ramaphosa's efforts to clarify the situation, Trump continued to press the issue, questioning why opposition leaders who allegedly incite violence remain free. The meeting, originally intended to discuss trade and diplomatic cooperation, instead became a heated debate over racial tensions and governance in South Africa.

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