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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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Ontario Government Assumes Control of Four School Boards Amid Budget Troubles

 

The Ontario government has stepped in to take control of four publicly funded school boards, citing persistent financial mismanagement and rising concerns over budget deficits. The Ministry of Education announced the move Friday, stating that external supervisors will temporarily oversee operations to stabilize governance and restore fiscal responsibility.

Education Minister Rachel Thompson emphasized that the intervention was necessary to protect student services and ensure that taxpayer dollars are used effectively. “We are committed to providing every student with access to quality education in a financially sustainable way,” she said.

The boards involved—three English-language and one French-language—have reportedly struggled with budget planning, overspending, and long-term financial forecasting. The province did not disclose the names of the boards but confirmed they operate in both urban and rural regions.

Education advocacy groups have expressed mixed reactions. Some praise the province’s willingness to intervene, while others worry about transparency and the impact on local governance.

The government has stated that the takeovers are temporary and that normal governance will resume once the boards demonstrate improved financial accountability.


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