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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's Travel Ban on 12 Nations Set to Take Effect Monday

In a move reminiscent of his first-term policies, U.S. President Donald Trump has signed an order barring citizens from 12 countries from entering the United States. The ban, which takes effect at 12:01 a.m. ET on Monday, includes Afghanistan, Myanmar, Chad, the Republic of the Congo, Equatorial Guinea, Eritrea, Haiti, Iran, Libya, Somalia, Sudan, and Yemen. Additionally, visitors from Burundi, Cuba, Laos, Sierra Leone, Togo, Turkmenistan, and Venezuela will face heightened restrictions.

Trump has justified the ban by citing concerns over terrorism, visa security, and high rates of visa overstays. He also referenced a recent attack in Boulder, Colorado, involving an Egyptian national, though Egypt is not included in the ban. The policy has sparked criticism from Democratic lawmakers, who argue that it is draconian and unconstitutional.

Some affected nations have already responded. Chad's President Mahamat Idriss Deby Itno announced that his government would stop granting visas to U.S. citizens in retaliation. Meanwhile, Afghans who worked with U.S.-funded projects fear the ban will prevent them from resettling in the U.S., leaving them vulnerable to Taliban reprisals.

The ban is expected to have significant diplomatic and humanitarian implications, as critics warn it could further strain international relations and disrupt lives. As the policy goes into effect, reactions from global leaders and affected communities will likely shape the ongoing debate over immigration and national security.

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