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Wall Street Pauses as Oil Surges and Tesla Stumbles

  U.S. stocks stalled on Thursday as investors weighed a sharp rise in oil prices against a wave of fresh corporate earnings. Futures tied to the Dow Jones Industrial Average and the S&P 500 hovered near the flat line, while the Nasdaq 100 also showed little movement. Energy markets took center stage after oil futures jumped more than 5% following new U.S. sanctions on Russian producers, pushing Brent crude toward $66 a barrel and West Texas Intermediate closer to $62. The surge added pressure to inflation concerns already weighing on Wall Street. On the corporate front, Tesla shares slipped over 3% in premarket trading after the electric vehicle maker posted mixed third-quarter results, disappointing investors and kicking off the “Magnificent Seven” earnings cycle. IBM stock also dropped about 7% , as stronger-than-expected profits were overshadowed by weaker software revenue. Traders are now awaiting results from American Airlines and T-Mobile , with Intel set to ...

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Canadian Premiers Rally, Declaring Economic War in Response to U.S. Tariffs

n a rapid and resolute response to U.S. President Donald Trump’s newly imposed tariffs, Canadian premiers across the country have united in what many are calling a declaration of economic war. Leaders from provinces such as Ontario, British Columbia, and Nova Scotia have warned that these tariffs threaten to upend decades of close trade ties between Canada and the United States.

Ontario Premier Doug Ford was among the most vocal, stating that the tariffs would not only damage U.S. industries but also risk American jobs by disrupting key manufacturing and supply chains. “Canada now has no choice but to hit back and hit back hard,” Ford declared, promising retaliatory measures that target a broad range of American goods, including consumer products and even American-made alcohol.

British Columbia’s Premier David Eby added that the tariffs constitute an “economic betrayal” of a trusted ally. In a swift response, his government has already ordered state-run liquor stores to remove American products from their shelves, urging residents to opt for Canadian alternatives. Similar countermeasures are underway in other provinces, where officials have pledged to impose counter-tariffs on billions of dollars’ worth of U.S. imports.

Canadian Prime Minister Justin Trudeau has affirmed that these unilateral U.S. actions violate long-standing trade agreements and undermine the economic stability of both nations. Trudeau warned that such tariffs would hurt American consumers too, by raising the prices of everyday goods from food and energy to household appliances.

As tensions mount, the coordinated response from Canada’s provinces highlights a determined, united front. The premiers have made it clear: the U.S. tariffs are seen not merely as a trade dispute but as an existential challenge to Canada’s economic sovereignty—a challenge that they intend to meet head-on.


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