News

Wall Street's rocky week continued on Thursday as investors grappled with uncertainty from President Trump's tariffs, despite a late announcement of a one-month tariff delay on USMCA products. The market remains volatile due to trade policy uncertainty, with the Nasdaq in correction territory and the Dow and S&P 500 on track for their worst weeks since 2023 and 2024, respectively.

President Donald Trump's promotion of his own meme coin, $TRUMP, has raised concerns about his judgment and potential conflicts of interest, as he holds a majority ownership of the tokens and could personally benefit from their value. This move has sparked controversy within the crypto community, with some fearing it could damage the industry's reputation and hinder its progress.

Jon Ossoff, the Democratic senator from Georgia, plans to run for reelection in 2026 by mobilizing his base and capitalizing on voter dissatisfaction with Donald Trump. Ossoff believes that Trump's attempts to expand his power, target his opponents, and dismantle the federal government will alienate swing voters and that the 2026 election will be decided by which party can best mobilize its base.

Iran's President Masoud Pezeshkian responded to President Trump's letter regarding the country's nuclear program, rejecting direct negotiations but leaving the door open for indirect talks. This response marks the first official communication between the two nations since Trump's letter earlier this month.

The Republican Party of New Mexico's Albuquerque headquarters was targeted in a suspected arson attack on Sunday, with the party condemning the incident as a "deliberate act of arson" and "fueled by hatred and intolerance." The FBI and the Bureau of Alcohol, Tobacco, Firearms and Explosives are leading the investigation.