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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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Devastating Russian Airstrike Hits Kharkiv, Killing Three and Injuring Dozens

A massive Russian aerial attack struck Ukraine’s eastern city of Kharkiv early Saturday, killing at least three people and injuring 21 others, according to local officials. The assault, described as the most powerful attack on the city since the full-scale invasion began in 2022, involved missiles, drones, and aerial glide bombs.

Kharkiv’s mayor, Ihor Terekhov, reported that the attack damaged 18 apartment buildings and 13 private homes. Ukrainian air defenses managed to neutralize 87 drones and seven missiles overnight, but the scale of destruction remains severe. The strike comes amid a series of near-daily Russian attacks, further dimming hopes for a peace resolution.

The Ukrainian Air Force confirmed that Russia launched 215 missiles and drones across multiple regions, including Donetsk, Dnipropetrovsk, Odesa, and Ternopil. Ukrainian Foreign Minister Andrii Sybiha emphasized the need for increased international pressure on Moscow to halt the ongoing devastation.

This latest escalation follows a fierce missile and drone barrage on Ukraine just a day earlier, which killed at least six people and injured around 80 across multiple territories. The situation remains dire as Ukraine braces for further strikes in the ongoing conflict.

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