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G7 Foreign Ministers Meet in Niagara to Hear Ukraine’s Plea Amid Escalating War

Top diplomats from the Group of Seven (G7) nations gathered in Niagara-on-the-Lake, Ontario , for high-stakes talks with Ukraine’s Foreign Minister as Russia intensifies its assault on Ukraine’s power grid. The meeting, hosted by Canada’s Foreign Affairs Minister Anita Anand , comes at a critical moment as rolling blackouts sweep across Ukraine ahead of winter. Foreign ministers from Canada, the United States, the United Kingdom, France, Germany, Italy, Japan, and the European Union posed for a family photo before beginning discussions. Ukraine’s foreign minister is expected to brief the group on the humanitarian and security consequences of Russia’s latest attacks, which have left millions vulnerable to freezing temperatures. The summit is not limited to Ukraine. Ministers are also addressing broader geopolitical challenges, including instability in the Middle East and shifting trade relationships. Still, Ukraine remains the centerpiece of the agenda, with G7 leaders reaffirming ...
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Wall Street Inches Higher as Strong Jobs Report Fuels Rate Cut Hopes

U.S. stock futures nudged upward Thursday morning after the June jobs report revealed stronger-than-expected hiring, reinforcing investor optimism for potential interest rate cuts later this year.

The Labor Department reported a gain of 147,000 jobs, surpassing economists’ forecast of 106,000. The unemployment rate dipped to 4.1%, down from 4.3%, signaling continued resilience in the labor market.

In response, S&P 500 futures rose modestly, building on Wednesday’s record close. The Nasdaq 100 and Dow Jones futures also edged higher, reflecting cautious optimism ahead of the July Fourth holiday-shortened session.

Investors interpreted the data as a sign that the economy remains on solid footing, yet not so strong as to deter the Federal Reserve from considering rate cuts. Market sentiment was further buoyed by easing trade tensions, following the U.S. lifting export restrictions on chip design software to China—a move that sent shares of Synopsys and Cadence Design Systems soaring over 5%.

With Wall Street set to close early at 1 p.m. ET for Independence Day, all eyes now turn to the Fed’s next move—and whether this labor market surprise accelerates the timeline for monetary easing.

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