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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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Trump and Musk: A Political Rift Deepens

In a recent interview, former President Donald Trump made it clear that he has no intention of speaking with tech billionaire Elon Musk following their public fallout. Trump also warned that Musk could face "serious consequences" if he chooses to financially support Democratic candidates in upcoming elections.

The feud between the two escalated after Musk criticized a Republican-backed spending bill, calling it a "disgusting abomination." Trump responded by suggesting that Musk had benefited from his administration and hinted at the possibility of cutting government contracts with Musk’s companies, including SpaceX and Starlink.

Musk, in turn, launched a series of posts on social media, including one that referenced Trump's past connections with Jeffrey Epstein—an allegation Trump dismissed as "old news". The exchange has fueled speculation about the future of Musk’s political affiliations and whether he will shift his support away from Trump.

As tensions rise, the political and financial implications of this dispute remain uncertain. Will Musk take a definitive stance against Trump, or will the two find a way to reconcile? Only time will tell.

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