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Market Jitters Return as Cooler CPI Surprises Wall Street

A softer‑than‑expected U.S. Consumer Price Index reading sent a ripple through financial markets today, creating an unusual dynamic: good news on inflation, but renewed pressure on major stock indexes. A Cooling CPI, but a Nervous Market The latest CPI report showed inflation easing more than economists anticipated. Under normal circumstances, that would be a welcome sign—suggesting the Federal Reserve may have more room to consider rate cuts later in the year. But markets don’t always behave logically in the moment. Today, the S&P 500, Dow Jones Industrial Average, and Nasdaq all slipped as investors reassessed what the data means for corporate earnings, interest‑rate expectations, and the broader economic outlook. Why Stocks Reacted This Way Several factors contributed to the pullback: Profit‑taking after recent market highs Concerns that cooling inflation reflects slowing demand Uncertainty about the Fed’s next move , even with softer price pressures Sector rotation ...
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Trump Halts U.S.-Canada Trade Talks Over Digital Services Tax Dispute

In a dramatic escalation of trade tensions, U.S. President Donald Trump announced Friday that his administration is terminating all trade negotiations with Canada, citing Ottawa’s new digital services tax as the catalyst for the decision.

The tax, which imposes a 3% levy on revenues earned from digital services such as online advertising, social media platforms, and the sale of user data, is set to take effect on June 30. It targets large tech firms with significant Canadian user bases—many of which are American giants like Google, Meta, and Amazon.

Calling the tax “a direct and blatant attack on our country,” Trump posted on Truth Social that Canada is “a very difficult country to trade with” and accused it of mimicking the European Union’s approach to taxing digital services.

The move threatens to disrupt a trade relationship valued at over $760 billion annually. Trump also warned that new tariffs on Canadian exports would be announced within a week, further straining economic ties between the two nations.

Canadian Prime Minister Mark Carney has yet to issue a formal response, but the decision is expected to have ripple effects across industries, particularly in technology, automotive, and energy sectors.

This latest development marks a sharp turn in U.S.-Canada relations, reigniting trade friction that had cooled in recent years.

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