Skip to main content

Featured

Tensions Flare at Eurasian Economic Union Meeting

 A tightly-scripted meeting of the Russia-dominated Eurasian Economic Union (EEU) took an unexpected turn on Thursday when Armenian Prime Minister Nikol Pashinyan and Belarusian President Alexander Lukashenko engaged in a heated exchange during a live broadcast. The altercation occurred at a resort near St. Petersburg, where leaders from Russia, Armenia, Belarus, Kazakhstan, and Kyrgyzstan gathered for the EEU summit. Pashinyan, who joined the meeting via video link after testing positive for COVID-19, responded to Lukashenko's insistence that he visit Belarus for the next meeting by stating his intention to attend via video call. This prompted Lukashenko to press for an explanation and even offer to send a plane to fly the Armenian delegation to Minsk. Pashinyan pointed to his earlier decision to freeze high-level visits to Belarus over Lukashenko's support for Armenia's rival, Azerbaijan. "I don't think this is the right format for discussing these issues," ...
Post a Comment
Read more
Labels

Dow Hits 40,000 for the First Time as Bull Market Accelerates

Wall Street advanced into uncharted territory on Thursday, with the Dow Jones Industrial Average topping 40,000 for the first time after a blowout earnings report from Walmart cast a positive light on the U.S. economy. The Dow rose about 0.4%, closing at a new all-time high above the 40,000 threshold. Meanwhile, the S&P 500 added about 0.3%, just below a record finish, and the tech-heavy Nasdaq Composite gained 0.4%.

Investors are closely watching second-quarter results from major U.S. banks, including Goldman Sachs, which reported a profit surge of 150% amid investment banking strength. Additionally, BlackRock’s profit beat estimates as assets under management reached a record of $10.6 trillion.

The market’s focus also turned to the potential fallout from an assassination attempt on presidential candidate Donald Trump during a rally. Bets have increased on a win in November’s presidential election for the Republican frontrunner, who is seen as likely to cut taxes, raise trade tariffs, and ease up on regulation.

Fed Chair Jerome Powell’s remarks reinforced market expectations that rate cuts will arrive as soon as September, further influencing investor sentiment. Overall, it’s a dynamic time in the markets, and the Dow’s milestone reflects the ongoing bull market.

Remember to stay informed and keep an eye on market developments!

Labels:

Comments

Post a Comment