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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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Trump Threatens Renewed Strikes on Iran, Halts Sanctions Relief

In a sharp escalation of rhetoric, U.S. President Donald Trump announced Friday that he has abandoned plans to lift sanctions on Iran and would “absolutely” consider bombing the country again if it continues its nuclear activities.

The remarks came in response to Iranian Supreme Leader Ayatollah Ali Khamenei’s claim that Iran had “slapped America in the face” following a recent 12-day conflict with Israel. Trump, in a fiery social media post, accused Khamenei of spreading “anger, hatred, and disgust,” and claimed he had personally spared the Iranian leader’s life by vetoing an Israeli plan to assassinate him.

Trump said he had been working on a sanctions relief package to aid Iran’s recovery but dropped the effort after Khamenei’s comments. “I get hit with a statement of anger, hatred, and disgust, and immediately dropped all work on sanction relief,” he stated.

The president also reiterated his support for international inspections of Iran’s nuclear sites, though Iran’s parliament recently voted to suspend cooperation with the International Atomic Energy Agency (IAEA), complicating diplomatic efforts.

The situation remains tense, with both sides trading barbs and no clear path forward for renewed negotiations.

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