News

Dow surges 700 points after EU tariff delay

Dow gains 740 points as Trump delays EU tariffs, ending four-day losing streak amid strong consumer confidence and tech rally.

Published

8 months ago

May 28, 2025

Ahron Young

Dow gains 740 points as Trump delays EU tariffs, ending four-day losing streak amid strong consumer confidence and tech rally.

In Short:
Stocks surged after President Trump delayed tariffs on EU imports, ending a four-day slump. Tech stocks rose sharply, with strong consumer confidence data further boosting the market.

Stocks rebounded significantly on Tuesday, with the Dow Jones Industrial Average increasing by 740.58 points, or 1.78%, ending the day at 42,343.65.

The S&P 500 also rose by 2.05% to 5,921.54, while the Nasdaq Composite saw a notable increase of 2.47%, reaching 19,199.16.

This rally ended a four-day losing streak for the major indices.

The market’s surge followed President Donald Trump’s announcement over the holiday weekend to delay a proposed 50% tariff on imports from the European Union.

Trump’s decision came after a request from Ursula von der Leyen, president of the European Commission, postponing the deadline to July 9.

U.S. consumer confidence data released on Tuesday exceeded expectations for May, contributing to the market’s positive movement amid hopes for impending trade agreements.

Tech stocks

Tech stocks, in particular, performed well, with Tesla shares jumping about 7% after CEO Elon Musk indicated a renewed focus on company operations rather than political issues.

Other tech companies like Nvidia, AMD, Apple, and Microsoft also saw gains.

In addition to tech, U.S. Steel shares climbed roughly 2% amid news of an impending acquisition by Japan’s Nippon Steel.

The trading week started strong after a closure on Monday for Memorial Day, with the majority of S&P 500 stocks showing gains.

Market observers will watch for upcoming earnings reports from Okta, Nvidia, Macy’s, and Costco.

Over 95% of S&P 500 companies have reported earnings this season, with nearly 78% exceeding analyst forecasts.

News

UK, Canada and Australia consider banning Elon Musk’s X over AI risks

UK, Canada, Australia discuss banning Elon Musk’s X over AI tool Grok’s potential for misuse; regulatory action may follow.

Published

3 hours ago

January 12, 2026

Harvey Vargas

UK, Canada, Australia discuss banning Elon Musk’s X over AI tool Grok’s potential for misuse; regulatory action may follow.

Downing Street has opened talks with Canada and Australia about a possible ban on Elon Musk’s social media platform, X. Concerns are growing over the platform’s AI tool, Grok, which could be misused to generate explicit images.

The scrutiny comes as government officials, including Sir Keir Starmer, voice serious worries about the platform’s impact and the potential for harm. Officials believe coordinated international action could send a clear message to Musk about the urgency of addressing these risks.

Ofcom is expected to release recommendations soon, potentially paving the way for regulatory action. How Musk responds could determine whether X faces restrictions in multiple countries.

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News

Trump weighs options as Iran protests escalate

Trump to discuss US responses to Iran protests with officials, including sanctions and military action options.

Published

3 hours ago

January 12, 2026

Harvey Vargas

Trump to discuss US responses to Iran protests with officials, including sanctions and military action options.

President Donald Trump is set to meet with senior US officials to discuss possible responses to the growing protests in Iran. The talks will focus on how Washington should react as unrest continues to spread across the country.

Options on the table reportedly include tougher sanctions and the possibility of military action. Secretary of State Marco Rubio and other top officials are expected to attend, as concerns mount over how US involvement could impact regional stability.

Iran has warned it will retaliate if the US intervenes, raising fears that any move by Washington could sharply escalate tensions in the Middle East.

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News

Trump declares US ready to support Iranian protesters

Trump pledges US support for Iranian protesters as regime arrests 100 amid escalating crackdown on dissent

Published

1 day ago

January 11, 2026

Ahron Young

Trump pledges US support for Iranian protesters as regime arrests 100 amid escalating crackdown on dissent

In Short:
– Trump supports Iranian protesters and promotes their quest for freedom amid government crackdowns.
– Iran reports arrests and increased military threats against protesters, with international demonstrations in solidarity emerging.

Donald Trump has warned Iran’s clerical regime that the US is “ready to help” anti-government protesters facing a crackdown. He stated on his social media platform, Truth, that the nation is witnessing a push for freedom like never before.On Saturday, Iran’s government reported the arrest of 100 “armed rioters” amid ongoing demonstrations. Rights groups claim at least 116 protesters have been killed, with unrest erupting over Iran’s currency collapse and demands for the overthrow of Supreme Leader Ayatollah Khamenei.

The Iranian military has intensified threats against protesters, warning that anyone participating could be deemed “enemies of God”, carrying a potential death sentence. There have been claims of “terrorist agents” linked to the US and Israel stirring unrest.

Protester Responses

International protests have also emerged in solidarity with Iranian demonstrators.

In London, an individual was seen tearing down the Iranian flag from the embassy, drawing attention to the global dissent. Iranian state media has accused “rioters” of violence and targeting military bases, amidst a climate of increased government scrutiny and restrictions.

With the internet down in Iran, accurate assessment of the situation remains challenging. Reports indicate scattered protests continue, but fear of government retaliation complicates participation.

The Iranian government’s response highlights the volatility of the political situation, and the growing international pressure on Tehran.