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Markets Slip as Investors Bet on Extended U.S.–Iran Ceasefire

  Stocks Edge Lower as Investors Hope U.S.–Iran Ceasefire Will Hold Stocks drifted lower today as markets balanced cautious optimism over a potential extension of the U.S.–Iran ceasefire with persistent geopolitical and inflation concerns. Recent trading sessions have shown that even modest signs of diplomatic progress can meaningfully shift investor sentiment. Asian and U.S. markets rallied earlier this week on hopes that Washington and Tehran would continue negotiations, helping unwind some of the war-driven risk premiums that had pushed oil and volatility higher. Despite the pullback, investors remain hopeful that the ceasefire—currently set to expire soon—will be extended, giving negotiators more time to work toward a longer-term agreement. Reports indicate both sides are considering adding another two weeks to the pause, a move that has already helped push Brent crude below the recent peak of nearly US$120 per barrel. Lower oil prices have eased pressure on inflation expecta...
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Trump Confirms Haley and Pompeo Will Not Join Second Administration

President-elect Donald Trump has announced that former U.N. Ambassador Nikki Haley and former Secretary of State Mike Pompeo will not be part of his administration in its second term. Trump expressed his appreciation for their past service but confirmed that they would not hold key positions in his upcoming administration.

Haley, who served as South Carolina's governor before becoming the U.S. ambassador to the United Nations under Trump, has been a significant figure in the Republican Party. Despite once criticizing Trump during their 2016 primaries clash, she later endorsed him for his second bid for the presidency. Pompeo, who served as the CIA Director and later Secretary of State during Trump's first term, was another figure many speculated might return in a senior role.

Trump's decision marks a shift in the dynamics within the GOP, as he prepares to form his team for the next four years. The absence of Haley and Pompeo in his second-term cabinet signals a move towards new leadership and fresh faces in his administration.

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