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Territorial Disputes Dominate Geneva Peace Talks

US President Donald Trump's son-in-law Jared Kushner, US Special Envoy Steve Witkoff, US Secretary of State Marco Rubio, US Army Secretary Daniel Driscoll sit before closed-door talks with Head of the Office of the President of Ukraine Andriy Yermak  (not pictured) on ending Russia's war in Ukraine, at the US Mission in Geneva, Switzerland. Negotiators from Russia and Ukraine convened in Geneva for a new round of U.S.-mediated peace talks, with territorial disputes emerging as the central point of contention. The discussions, held over two days, come amid heightened pressure from U.S. President Donald Trump, who has urged Kyiv to “come to the table fast” in pursuit of a settlement.  Both sides remain deeply divided over land claims, which have become the primary obstacle to progress. The Kremlin has signaled that territorial issues will dominate the agenda, while Ukrainian President Volodymyr Zelenskyy has voiced concerns that Kyiv is facing disproportionate p...
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Markets Cool After Hot July: Wall Street Slips as Tariff Deadline and Jobs Data Weigh on Sentiment

 


Wall Street Ends July on a Cautious Note Amid Tariff Tensions and Jobs Report Jitters

The U.S. stock market closed the final trading session of July with modest losses, capping a month of strong gains on a sour note as investors braced for President Trump's looming tariff deadline and a pivotal jobs report.

  • Dow Jones Industrial Average fell about 0.7%
  • S&P 500 slipped 0.4%
  • Nasdaq Composite dipped below the flatline after earlier gains

Despite Thursday’s decline, July was a solid month overall:

  • S&P 500 gained 2.3%
  • Nasdaq rose 3.7%
  • Dow ended the month nearly flat

Tariff Deadline and Trade Uncertainty

President Trump’s tariff deadline on Friday has markets on edge. While he extended current rates with Mexico for 90 days, broader trade terms with other partners remain uncertain. The U.S. also struck a deal with South Korea, applying 15% tariffs in exchange for duty-free treatment on many American goods.

Fed Policy and Inflation Concerns

The Federal Reserve held interest rates steady this week, but its preferred inflation gauge—the PCE index—showed price increases accelerated in June, keeping inflation above the 2% target. Fed Chair Jerome Powell emphasized that no decisions have been made about a potential rate cut in September.

Jobs Report Looms

Friday’s jobs report is expected to show the U.S. added just 104,000 jobs in July, potentially the weakest monthly gain since February. Powell noted that the unemployment rate remains the key metric to watch, as labor force participation continues to decline.

Big Tech Earnings Shine

Amid the macroeconomic uncertainty, Big Tech delivered standout performances:

  • Meta (META) surged over 11% on strong earnings and bullish guidance
  • Microsoft (MSFT) briefly jumped 8%, pushing its market cap above $4 trillion
  • Investors now await results from Apple (AAPL) and Amazon (AMZN)


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