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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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*EU Defies US Sanctions on ICC Judges, Widening Global Divide


The European Union has firmly rejected U.S. sanctions imposed on International Criminal Court (ICC) judges, escalating diplomatic tensions between Western allies. The dispute stems from Washington's punitive measures against ICC officials investigating alleged war crimes committed by U.S. personnel.

Brussels' refusal to comply with the sanctions marks a significant stand in support of the ICC, reinforcing the bloc's commitment to international justice. EU officials criticized the U.S. move, calling it an attack on judicial independence and an undermining of global legal institutions. 

The transatlantic rift underscores broader disagreements on international law and accountability, with the EU insisting on the ICC’s right to investigate war crimes impartially, regardless of nationality. While Washington maintains that the court lacks jurisdiction over its citizens, Europe's defiance signals a growing divide in global governance frameworks.

Diplomatic efforts to resolve the dispute remain ongoing, but the confrontation highlights the evolving geopolitical landscape where traditional allies increasingly diverge on core legal and ethical principles.

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