Skip to main content

Featured

Tehran Signals Defiance as Supreme Leader Vows Retaliation and Strait Closure

  A man holds a picture of Iran's new supreme leader, Mojtaba Khamenei, while people attend a funeral ceremony for the Iranian military commanders who were killed in strikes, in Tehran Iran’s Supreme Leader issued his first public remarks following the deaths of senior Iranian commanders, vowing that the country will “avenge the martyrs” and maintain the closure of the strategic Strait of Hormuz until what he described as “justice” is served. His comments, delivered during a nationally broadcast address, underscore a sharp escalation in rhetoric at a moment of heightened regional tension. The Supreme Leader framed the recent losses as sacrifices in the defense of Iran’s sovereignty, promising that those responsible “will face consequences.” He also reaffirmed Iran’s decision to keep the Strait closed, a move that has already disrupted global shipping routes and rattled energy markets. The strait, one of the world’s most critical chokepoints for oil transport, has long been a flas...
Post a Comment
Read more

article

Labels

Tariff Turbulence: Trump’s Trade Salvo Rattles Markets Ahead of Earnings Season

Wall Street and TSX futures dipped Friday morning as President Donald Trump reignited trade tensions with a sweeping new round of tariffs. The U.S. announced a 35% levy on Canadian imports starting August 1, while Trump floated blanket tariffs of 15% to 20% on other trading partners—up from the current 10% baseline.

The move sent Dow, S&P 500, and Nasdaq futures down between 0.5% and 0.7%, with similar declines seen in Canadian TSX futures. Investors, already bracing for next week’s earnings season, are now recalibrating expectations amid heightened trade uncertainty.

Despite the market jitters, analysts noted a growing resilience among investors. The reaction to Trump’s latest tariff barrage was notably more muted than the volatility seen during April’s “Liberation Day” announcements. Still, the timing—just ahead of key corporate earnings and inflation data—adds a layer of complexity to market sentiment.

Meanwhile, cryptocurrency stocks ticked higher, buoyed by Bitcoin’s surge to a new record. And as Wall Street’s big banks prepare to report results next week, all eyes will be on how trade disruptions are reflected in corporate performance.



Labels:

Comments

Post a Comment