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Wall Street Stays Resilient as Nasdaq Hits Record Amid Tariff Turbulence

  Markets defy trade jitters with mixed performance Wall Street wrapped up the week with a show of resilience, as the Nasdaq Composite edged to a fresh record close , buoyed by strong tech earnings and steady economic data. The S&P 500 posted a modest weekly gain , while the Dow Jones Industrial Average slipped 0.3% , reflecting investor caution amid escalating tariff tensions. Despite President Trump’s push for 15% to 20% blanket tariffs on European Union imports , markets largely shrugged off the geopolitical noise. Economic indicators, including a sharp drop in inflation expectations from the University of Michigan’s consumer sentiment survey, helped soothe investor nerves. Netflix’s earnings beat failed to impress, dragging its stock lower, while American Express posted strong results , signaling continued spending strength among affluent consumers. Meanwhile, CRISPR Therapeutics surged 17% after a major insider stock purchase, and Bitcoin briefly topped $118,000 befor...
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Hungary’s Pride Ban Sparks Legal Threats and International Concern

Hungarian Prime Minister Viktor Orbán has issued a stern warning that anyone organizing or participating in the banned Budapest Pride march will face *“clear legal consequences.”* The statement follows a controversial move by Hungary’s parliament earlier this year to amend the Assembly Act, granting police the authority to prohibit LGBTQ+ public events on the grounds of child protection.

Despite the ban, Budapest’s liberal mayor, Gergely Karácsony, has vowed to proceed with the event, framing it as a municipal celebration rather than a formal assembly. He argues that the gathering is legally distinct and therefore not subject to the new restrictions.

Justice Minister Bence Tuzson countered that the event still falls under the Assembly Act, warning that organizers could face fines or even imprisonment. The government has also approved the use of AI-powered facial recognition to identify participants, raising concerns among human rights groups.

International reactions have been swift. Over 30 countries, including France, Germany, and the UK, have expressed support for Hungary’s LGBTQ+ community and urged authorities to allow the march to proceed peacefully.

The standoff highlights growing tensions between Hungary’s conservative government and advocates for civil liberties, with critics viewing the ban as part of a broader erosion of democratic freedoms ahead of next year’s elections.

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