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Wall Street Steadies as Trump Softens China Rhetoric, Banks Rebound

U.S. stocks swung between losses and gains on Friday before finding some footing, as President Donald Trump dialed back threats of steep new tariffs on Chinese imports. His remarks helped ease investor concerns over an escalating trade conflict that had rattled markets earlier in the week. The Dow Jones Industrial Average edged higher, while the S&P 500 hovered near the flatline. The Nasdaq Composite pared earlier declines, supported by a rebound in technology shares. Futures trading showed modest gains for the Dow and S&P 500, while Nasdaq contracts remained slightly negative. Regional bank stocks, which had been under pressure amid worries about loan quality and credit risks, also staged a recovery. Analysts noted that while investor sentiment remains fragile, Trump’s comments signaled a willingness to avoid measures that could further destabilize the global economy. Market watchers say volatility is likely to persist as Wall Street weighs trade policy uncertainty agai...
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US Labour Unions Challenge Social Media Surveillance of Visa Holders in Court

 



Several major labour unions in the United States have filed a lawsuit against the federal government, alleging that its surveillance of visa holders’ social media activity violates constitutional rights. The case, brought by groups including the United Auto Workers, Communications Workers of America, and the American Federation of Teachers, was filed in a federal court in New York.

The unions argue that the government’s program—run by agencies such as the State Department, Department of Homeland Security, and Immigration and Customs Enforcement—unlawfully monitors online speech, particularly political opinions critical of U.S. foreign policy and Israel. According to the complaint, this practice has led to visa revocations and created a chilling effect on free expression among immigrants legally residing in the country.

The lawsuit seeks to block the government from continuing the program and demands that records collected through the surveillance be purged. It represents one of the most significant legal challenges yet to the administration’s broader immigration enforcement measures, which have already sparked widespread debate over civil liberties and government overreach.


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