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Wall Street closed mixed on Friday, with the S&P 500 managing to break a four-week losing streak despite persistent concerns over tariffs, economic uncertainty, and tech sector weakness.

The market remained volatile throughout the session as investors digested President Donald Trump’s latest remarks on reciprocal tariffs and awaited the Federal Reserve’s next moves.

The S&P 500 edged up 0.08% to close at 5,667.56, posting a 0.5% weekly gain—its first in over a month.

The Nasdaq Composite rose 0.52% to 17,784.05, while the Dow Jones Industrial Average added 32.03 points or 0.08%, finishing at 41,985.35.

Market participants navigated a choppy session, driven by the quarterly “quadruple witching” event, where stock options, index options, futures, and single-stock futures contracts expired.

Goldman Sachs estimated that over $4.7 trillion worth of options exposure was set to expire, adding to the session’s volatility.

Tariff uncertainty looms over Wall Street

Stocks attempted a recovery late in the session after President Donald Trump signaled some “flexibility” on tariffs but reiterated that all trading partners imposing duties on US goods would face reciprocal tariffs starting April 2.

Michael Green, chief strategist at Simplify Asset Management, noted that business uncertainty stemming from trade policy has started affecting capital spending and hiring decisions, which in turn is weighing on investor sentiment.

“There’s growing hesitation among companies to make big financial commitments,” Green said. “Markets are reflecting that uncertainty, particularly as we head toward the April 2 deadline.”

Tech stocks continue to slump

The technology sector was the worst-performing segment of the S&P 500 this week, down 0.8%, marking its fifth consecutive weekly decline—a streak not seen since May 2022.

Semiconductor stocks, which had been market leaders in 2023, saw significant losses:

  • Nvidia (NVDA) fell as chip demand cooled.
  • Micron (MU) and Applied Materials (AMAT) declined amid supply chain concerns.
  • Accenture (ACN) also saw selling pressure, pulling the sector lower.

Concerns over slowing consumer spending and industrial activity were reinforced by weak earnings updates from key bellwethers.

  • FedEx (FDX) tumbled 6.5% after cutting its earnings outlook, citing weakness in the US industrial economy.
  • Nike (NKE) dropped over 5% after warning that consumer confidence and tariff-related costs could weigh on sales.

Stocks hitting 52-week lows signal economic stress

A number of consumer and transportation stocks touched 52-week lows on Friday, reflecting concerns over economic momentum.

  • Nike (NKE): Lowest level since March 2020
  • Target (TGT): Lowest level since April 2020
  • Host Hotels (HST): Lowest level since February 2021
  • Ross Stores (ROST): Lowest level since November 2023

In the transportation sector, the downturn was equally sharp:

  • FedEx (FDX) hit levels last seen in June 2023
  • JB Hunt (JBHT) fell to February 2021 levels
  • Old Dominion Freight Line (ODFL) also slid to a yearly low

Will tariff anxiety cap stock gains?

Analysts at Barclays caution that until there is clarity on tariffs, the market’s upside may remain capped.

“Stocks have rebounded slightly from oversold levels, but tariff uncertainty remains a major overhang,” said Emmanuel Cau, head of European equity strategy at Barclays.

With the April 2 tariff deadline approaching, investors are closely watching for any policy shifts that could determine the market’s next direction.

Meanwhile, the Federal Reserve’s stance on interest rates and corporate earnings results will continue to play a critical role in shaping sentiment.

The post Wall Street ends losing streak as S&P 500 edges higher; tariff uncertainty lingers appeared first on Invezz

Greenland is experiencing a sharp rise in international visitors, fuelled by a mix of geopolitical attention from the US and significant infrastructure upgrades.

The opening of a new airport in the capital Nuuk in November 2024 has coincided with a 14% year-on-year increase in passengers on international flights to the island this January, according to Statistics Greenland.

At the same time, heightened global interest in the Arctic’s rare earth resources and new direct flight routes are accelerating the island’s transition from a fishing-dependent economy to a broader tourism and mining-led growth model.

Nuuk airport opens direct US route

Nuuk’s new international airport is now Greenland’s central gateway, cutting travel times and removing the need for stopovers in Copenhagen and Kangerlussuaq.

United Airlines is scheduled to begin direct flights from New York to Nuuk in June 2025, replacing the previously indirect travel route that involved transit via the former US military base.

The changes are already making an impact. Visit Greenland reported that three-quarters of local tourism operators saw higher bookings in the three months following the Nuuk airport launch.

Further expansion is planned. Ilulissat, Greenland’s leading tourist destination, will open a new international airport in 2026.

Another airport is currently under construction in Qaqortoq in the island’s south.

US spotlight lifts Greenland’s global profile

Greenland’s geopolitical visibility rose sharply after US President Donald Trump’s public interest in the island.

The arrival of Donald Trump Jr. at Nuuk’s new airport in January 2025 drew further media coverage.

Since then, the president has reiterated his aim to bring Greenland under US control, citing its rare earth mineral potential as key to national strategic interests.

This renewed focus has had commercial effects. Greenland Cruises, a company offering boat tours around the island’s icebergs and fjords, has reported higher-than-average bookings for the season.

Though local operators are expanding cautiously, financial institutions are urging them to increase capacity in preparation for a potential boom in Arctic tourism.

Tourism, and mining are seen as growth pillars

Greenland is aiming to reduce its economic dependence on fishing, which currently accounts for 95% of its exports.

The government is banking on tourism and mining to drive future growth.

Attractions include the island’s UNESCO-listed ice fjords, expansive glaciers, and marine life such as whales, which draw international travelers.

Alongside natural beauty, the country is also seeing a rise in pride and interest in Inuit culture.

This combination of ecological and cultural appeal is positioning Greenland as a key Arctic destination.

The tourism infrastructure expansion is being led by Greenland Airports, whose CEO Jens Lauridsen said the island expects “significant growth” in visitors this summer.

However, some tour operators remain cautious, choosing to wait until 2025 data becomes available before committing to large-scale investments.

EU, Singapore models shape Arctic strategy

While much of the recent growth is attributed to physical infrastructure and geopolitical focus, Greenland’s long-term economic strategy also draws inspiration from regulatory frameworks in the European Union and Singapore.

The island is looking to develop a digital asset economy alongside physical tourism and resource sectors.

This whole-of-government approach to economic development reflects broader efforts in the Arctic to secure sustainable growth while navigating increasing international attention.

Greenland’s rare earth reserves, vital for high-tech manufacturing, have placed it at the intersection of environmental stewardship and global economic competition.

As the 2025 summer season approaches, Greenland’s evolving profile as both a strategic and tourist destination is expected to attract continued interest from governments, investors, and travelers alike.

The post Tourism in Greenland surges 14%: here’s why appeared first on Invezz

US equities have slumped in the past few weeks, with the S&P 500 index plunging by about 7.65% from its highest point this year. The popular Nasdaq 100 index, which tracks the biggest technology companies, has moved into a correction by falling by over 10% from the year-to-date high. This article explains why the popular S&P 500 ETFs like IVV, SPY, and VOO have crashed.

AI jitters are the main reason for the S&P 500 index crash

The general view among market participants is that Donald Trump’s tariffs have contributed to the ongoing S&P 500 index crash. While this is true, a closer look at the top performers and laggards in the index shows that the most logical companies to be affected by tariffs have not been the biggest casualties. 

For example, Ford’s stock has jumped by 1% this year, while General Motors has dropped by 6%. Other companies that deal with imports like Kroger and Dollar General have done well this year. 

Most notably, the popular Invesco S&P 500 Equal Weight ETF (RSP) has dropped by 0.80% this year, while the S&P 500 index has dropped by 3.6%. The SCHD ETF has risen by 1.6% this year.

Therefore, there are signs that the ongoing SPY, IVV, and VOO ETFs crash has more to do with technology stocks than the broader market. Indeed, all companies in the Magnificent seven have all plunged, with Tesla and Nvidia being the biggest casualties. 

The most likely reason for the ongoing US stock market crash is that there are concerns that the AI industry is slowing. This view diverges with the broader market that has continued funding AI companies. Just this week, we reported that PerplexityAI was raising cash at a $18 billion valuation.

Most publicly traded AI stocks like C3.ai, NVIDIA, AMD, SoundHound, and BigBear AI have all plunged by double digits from their highest points this year. C3.ai stock has crashed by 50% from its highest level in December. Similarly, AMD stock has dropped by 53% from its highest point in 2024. NVIDIA has also crashed by over 15% from its highest level this year. 

There are signs that the AI industry is cooling, with most companies reporting strong but decelerating earnings. NVIDIA’s fourth-quarter revenues soared by over 70%, and guided to 66% YoY growth in the first quarter. Analysts expect that NVIDIA’s revenue will grow by 56% this year and 23.3% next year. 

SPY ETF stock price analysis

SPY chart by TradingView

The second reason why the S&P 500 index has crashed is what we wrote about in this January article. In that article, we warned that the index would plunge because it formed a rising wedge and a double-top pattern at $610. These are some of the most bearish patterns in the market.

The index has now plunged below the 50-day and 100-day moving averages, a sign that bears are in control for now. Therefore, there is a risk that the index and its accompanying ETFs, like the SPY, VOO, and IVV ETFs, will continue falling in the coming days. The initial target for the SPY ETF stock is the year-to-date low of $547 and the psychological point at $504. 

The post Here’s why the real reason IVV, VOO, and SPY ETFs have crashed appeared first on Invezz

The JPMorgan Nasdaq Equity Premium Income (JEPQ) ETF is doing relatively well this year in terms of inflows and total returns. It has brought in over $3.5 billion in total inflows as investors continued looking for its yield. Its inflows in January stood at $1.6 billion, followed by $1.3 billion and $634 million in the next two months.

The JEPQ ETF has also had a better performance compared to the Nasdaq 100 index. Its total return has been negative 4.78% compared to Invesco QQQ (QQQ) minus 6%. So, is JEPQ a good investment as volatility in the market rises?

What is the JEPQ ETF?

The JEPQ ETF is one of the biggest covered call ETFs in Wall Street with over $23 billion in assets. 

Like JEPI, its sister fund, it helps investors gain access to the Nasdaq 100 index and superior returns. 

As such, while the QQQ ETF yields less than 1%, JEPQ ETF investors receive about 10.7% in annual distributions, which come monthly. A 10% return is a big one considering that the risk-free rate of 10% stands at less than 4.5% today. 

The JEPQ ETF generates its returns in two ways. It receives dividends from the portfolio companies it has invested in. At the same time, the fund makes money from using the covered call strategy. 

Covered call is an approach where an investor buys an asset and then sells call options of the same asset. In this case, the JEPQ ETF sells call options of the Nasdaq 100 index, which is popular name that tracks the biggest technology companies in the US. After writing the call strategy, the fund receives a premium payment, which it distributes to investors.

Read more: JEPQ vs JEPI: Are these boomer candy ETFs good buys in 2025?

Why invest in JEPQ?

There are a few reasons why investing in JEPQ makes sense to most investors. First, the fund has constantly provided monthly dividend payouts to investors. Historically, these returns have been better than those offered by fixed assets like bonds and money market funds. As such, the fund is seen as a better alternative to these funds.

Second, the index tracks the most futuristic companies in the US. This includes companies like NVIDIA, Microsoft, and Apple that have a record of doing well. These companies have invested in most industries that will dominate future technologies. 

Further, the JEPQ ETF is widely seen as a better companion for the QQQ and other tech-heavy ETFs that offer a low yield. As such, if you are invested in the QQQ, you can supplement the return by allocating your capital to the JEPQ fund for higher returns. 

Third, the ETF has a correlation with the QQQ ETF, especially when you look at the total return. As shown below, the JEPQ ETF’s total return in the last three years was 41%, while the QQQ returned 39%.

The same trend has happened this year as the JEPQ’s total return was minus 4.8% compared to QQQ’s 5.9%. This means that the fund will likely continue doing well over time, especially when this correction ends.

Read more: JEPQ ETF stock sits at an all-time high: 3 catalysts to watch

The post Is it safe to invest in the 10% yielding JEPQ ETF in 2025? appeared first on Invezz

Trump tariffs and the related fears of a recession ahead pushed the S&P 500 index into correction territory this month, creating quite a few buying opportunities in the process.

But some of the names on the benchmark index have sold off relatively harder and are now trading at significant discounts to their historical valuations.

Here are the top two quality stocks that you can load up on currently at a massive discount to their average price-to-earnings ratio over the past five years.

Amazon.com Inc (NASDAQ: AMZN)

Amazon stock has lost about 20% since early February due to macroeconomic headwinds and concerns that AI spending could slow down as we advance through the remainder of 2025.

The titan’s current price-to-earnings ratio sits about 38% below its average multiple over the past five years.

That’s part of the reason why JPM recently reiterated AMZN as a top pick for this year.  

Analysts at the investment firm expect Amazon to tap on low prices and a huge selection of items to grow its market share if the US economy does indeed slide into a recession in 2025.  

Amazon shares remain worth owning this year also because the giant continues to demonstrate financial strength.

In its latest reported quarter, the Nasdaq-listed firm came up with $1.86 a share of earnings on $187.8 billion in revenue.

Analysts, in comparison, were at $1.49 only and $187.3 billion, respectively.

Amazon has invested rather aggressively to diversify its business over the years. Its high-margin advertising business brought in a staggering $17.3 billion in its fiscal Q4.

Note that JPMorgan isn’t the only one that’s bullish on the AI stock. The consensus rating on Amazon also currently sits at “buy”.

Devon Energy Corp (NYSE: DVN)

Another high-quality stock that’s currently trading at a deep discount to its historical valuation is Oklahoma headquartered Devon Energy.

Versus their 52-week high, shares of the hydrocarbon exploration firm are currently down about 30%, which is why DVN’s price-to-earnings ratio now sits about 33% below its average multiple over the past five years.

Much like AMZN, Devon stock is also worth buying for the strength of its financials. In its fiscal Q4, the NYSE-listed firm earned $1.16 on a per-share basis – well above $1 per share expected.

At $4.4 billion, the company’s revenue also came in handily above Street estimates in the fourth quarter.

At the time, Devon’s board also raised the fixed dividend by 9%, “reflecting confidence in the energy outlook and DVN’s future free cash flows.”

That’s why Wall Street currently has a consensus “overweight” rating on Devon shares as well.

Analysts have an average price target of $49.48 on the energy stock which indicates a potential upside of close to 40% from current levels.

The post These two quality stocks are trading well below their historical multiples appeared first on Invezz

Sen. Kirsten Gillibrand, D-N.Y., said SpaceX and Tesla CEO Elon Musk has ‘no business’ conducting affairs at the Pentagon, amid reports Musk would receive secret information from top military officials Friday about military contingency plans should a war break out with China.  

While The New York Times reported that Musk was set to receive military plans about any potential China conflict, the Pentagon and White House pushed back and said Musk’s briefing wouldn’t cover China. 

‘Elon Musk is an unelected, self-interested billionaire with no business anywhere near the Pentagon,’ Gillibrand said in an X post Friday morning with a photo of the Times story, just after Musk arrived at the Pentagon. Gillibrand is a member of the Senate Armed Services Committee. 

The possibility of Musk receiving information on China raises a possible conflict of interest, given the fact that Musk has financial interests in China stemming from Tesla, and SpaceX is working with the U.S. federal government on military space capabilities. 

However, the Trump administration swiftly pushed back on the Times’ reporting, and Trump issued a post on social media discrediting the story as ‘completely untrue.’

‘They said, incorrectly, that Elon Musk is going to the Pentagon tomorrow to be briefed on any potential ‘war with China.’ How ridiculous?’ China will not even be mentioned or discussed,’ President Donald Trump said in a Thursday night Truth Social post. 

A former Obama administration official also sounded the alarm about Musk’s visit to the Pentagon. 

Xochitl Hinojosa, who previously served as a spokesperson for former Attorney General Eric Holder and communications director for the Democratic National Committee, said that career officials must have disclosed the information about the meeting to the press because they were concerned about what would be shared with Musk. 

‘What is happening here, and everyone needs to be scared, is Pentagon officials are sounding the alarm,’ Hinojosa said in an interview with CNN Thursday night. ‘This doesn’t just happen on its own. This has happened because career officials in the Pentagon are terrified. And they believe there is a conflict of interest. That is why it is in the New York Times. Because I am sure they took it to the senior most people within the White House and within the Pentagon and they didn’t do anything about it.’

Hinojosa said that during her time at the Justice Department, career officials would sound the alarm if they became aware of any unethical behavior at the agency. 

‘That is exactly what is happening here,’ Hinojosa said. 

Hinojosa could not be reached for comment by Fox News Digital. 

The New York Times published a story Thursday evening claiming that Musk’s visit to the Pentagon would involve discussing plans in the event of a potential war with China. Specifically, the Times reported that the briefing involved a presentation with 20 to 30 slides on how the U.S. would combat China, various Chinese targets to strike and how the Pentagon would share these plans with Trump. 

The Times also reported the meeting would occur in the so-called Tank, a secure conference room that the Joint Chiefs utilize for meetings, along with other senior staff and visiting combatant commanders. 

Meanwhile, the Times report also noted that Musk may have needed to know information about plans for China as he eyes cutting the Pentagon’s budget amid his efforts leading the Department of Government Efficiency (DOGE). 

Pentagon war plans are highly confidential for operational security purposes. Should details regarding the U.S. military’s strategy to combat an enemy be shared or leaked in any way, it would jeopardize U.S. forces and undermine the success of the military campaign.

Hegseth also weighed in on the matter, and said the meeting with Musk would primarily center around innovation. 

‘But the fake news delivers again — this is NOT a meeting about ‘top secret China war plans.’ It’s an informal meeting about innovation, efficiencies & smarter production. Gonna be great!’ Hegseth said in a post on X late Thursday evening. 

In response to Hegseth’s post, Musk responded: ‘Exactly. Also, I’ve been to the Pentagon many times over many years. Not my first time in the building.’ 

Musk also said in a separate post he looks ‘forward to the prosecutions of those at the Pentagon who are leaking maliciously false information to NYT. 

‘They will be found,’ he said. 

The White House didn’t immediately respond to a request for comment. 

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President Donald Trump said he’s not interested in showing ‘anybody’ plans for how the U.S. would navigate a conflict with China after a New York Times report that SpaceX and Tesla CEO Elon Musk’s meeting at the Pentagon Friday included details about contingency plans for any war with Beijing. 

Trump told reporters Friday that Musk met with Pentagon officials to discuss initiatives relating to the Department of Government Efficiency (DOGE) that Musk is spearheading. 

‘We don’t want to have a potential war with China,’ Trump said at the Oval Office Friday. ‘But I can tell you if we did, we’re very well-equipped to handle it. But I don’t want to show that to anybody. But, certainly, you wouldn’t show it to a businessman who is helping us so much. He’s a great patriot. He’s taken a big price for helping us cut costs, and he’s doing a great job.’

Musk and China could be a conflict of interest, given Tesla’s business dealings with China and SpaceX’s relationship with the Pentagon on military space capabilities. And an adversary like China learning details about the U.S. military’s war plans could put national security at risk and undermine U.S. forces. 

But Secretary of Defense Pete Hegseth said Musk’s meeting at the Pentagon centered around DOGE, innovation and other ways to advance efficiency, not China. 

‘There was no war plans. There was no Chinese war plans,’ Hegseth said at the White House Friday. ‘There was no secret plans. That’s not what we were doing at the Pentagon.’ 

Hegseth also announced plans Thursday to cancel more than $580 million in Department of Defense contracts, following recommendations from DOGE. 

The New York Times reported Thursday evening that Musk’s Pentagon briefing would involve a presentation with 20–30 slides on how the U.S. would combat China, various Chinese targets to strike and how the Pentagon would share these plans with Trump. 

The Times also reported the meeting would take place in the so-called Tank, a secure conference room reserved for the joint chiefs, senior staff and visiting combatant commanders. 

The Times report said details on China could have been shared with Musk amid his efforts leading DOGE and possible cuts to the Department of Defense. 

The White House referred Fox News Digital to Trump’s remarks when asked for comment about the nature of Musk’s briefing. 

Trump and Hegseth pushed back on the report Thursday, with Trump describing the report as ‘completely untrue.’ Hegseth also said in a post on X the meeting with Musk would primarily touch on innovation. 

In response to Hegseth’s post, Musk responded, ‘Exactly. Also, I’ve been to the Pentagon many times over many years. Not my first time in the building.’ 

Musk also said in a separate post he looks ‘forward to the prosecutions of those at the Pentagon who are leaking maliciously false information to NYT.’  

‘They will be found,’ he said. 

This post appeared first on FOX NEWS

As top U.S. officials prepare for a meeting with a Russian delegation in Saudia Arabia Sunday, questions have mounted over how the Trump administration will push Moscow to extend a preliminary ceasefire. 

Russian President Vladimir Putin this week agreed to temporarily halt strikes on Ukraine’s energy infrastructure, which includes Europe’s largest nuclear power plant, the Zaporizhzhia Nuclear Power Station. 

Secretary of State Marco Rubio and National Security Advisor Mike Waltz, who will both travel to Jeddah for the negotiations, said the next step will be to secure a ceasefire over the Black Sea.

Moscow had previously agreed to a similar deal brokered by Turkey and the United Nations in 2022, known as the Black Sea Grain Initiative, which attempted to secure Ukrainian exports of agricultural products to control global prices, but Putin pulled out of the agreement in 2023. 

Security experts remain unconvinced that Putin can be trusted this time around.

But there is another issue that apparently will be on the negotiating table in the Middle East — Ukraine’s nuclear power. 

As the president’s focus on a mineral deal with Ukraine appears to have diminished, he has turned his interest to a new business venture, U.S. ‘ownership’ of Kyiv’s ‘electrical supply and nuclear power plants.’

‘American ownership of those plants would be the best protection for that infrastructure and support for Ukrainian energy infrastructure,’ a joint statement released by Rubio and Waltz said after Trump’s phone call Wednesday with Ukrainian President Volodymyr Zelenskyy.

When asked by Fox News Digital how Putin, who has made his interest in the Zaporizhzhia nuclear power plant clear, will respond to Trump’s new ambitions, Rebekah Koffler, a former DIA intelligence officer and author of ‘Putin’s Playbook,’ said she does not think it will go over well. 

‘Putin almost certainly is not in favor of this idea and will attempt to sabotage such a deal,’ said Koffler, who briefed NATO officials of Putin’s ambitions in Ukraine years before the 2022 invasion. ‘Moreover, Zelenskyy is unlikely to sign off on such a deal also.

‘Zelenskyy would likely agree to cede control of the Zaporizhzhia nuclear power plant to the U.S., which is currently under Russian control. The Russians will not voluntarily give up control of Zaporizhzhia. If someone tries to take it over by force, they will fight to the bitter end.’

It is unclear when Trump’s interest in acquiring Ukraine’s energy infrastructure began, though it appears to tie into his previous assertions that Ukraine will be better protected if it has American workers and businesses operating within its borders. 

The basis of this argument has been debated because there were, and remain, American companies operating in Ukraine during Russia’s invasion. The debate contributed to an Oval Office blowup between Trump and Zelenskyy last month. 

Koffler said Putin could view a U.S. takeover of Kyiv’s four nuclear power plants as a ‘backdoor way’ for the U.S. to extend some security guarantees for Ukraine and a ‘clever way of controlling Ukraine’s nuclear capability, which the Russians believe can be militarized.’

‘It would be viewed as a threat to Russia,’ Koffler said.

When asked how U.S. ownership of Ukraine’s energy infrastructure could affect negotiations, former CIA Moscow station chief Dan Hoffman told Fox News Digital he is not convinced it will have much of an effect on actually securing peace. 

‘Show me the deal. We don’t have a deal yet. We have a ceasefire that’s been broken on energy infrastructure,’ Hoffman pointed out. He noted that even after Putin agreed to stop attacking Ukraine’s infrastructure on Tuesday, the following morning a drone strike hit a railway power system in the Dnipropetrovsk region, which led to civilian power outages. 

‘It’s just another discussion point. There are so many other issues that are of far greater importance. What Putin would probably do for his negotiating strategy is to say, ‘Oh, yeah, I’ll let you do that United States of America, but I want this in return’. It’s always going to be that way,’ Hoffman added, reflecting on his own negotiations with Russian counterparts during his time with the CIA.

‘He wants Ukraine. He wants to topple the government. That’s his objective,’ Hoffman added. ‘Whatever deals he agrees to in the short term, what he really wants to do is destroy Ukraine’s ability to deter Russia in the future and to give Russia maximum advantage. 

‘Right now, he can gain through negotiation what he can’t gain on the battlefield.’ 

While a number of issues will be discussed, the former CIA Moscow station chief said the real key in accomplishing any kind of ceasefire will need to be an authentic signal from Putin that he actually wants the war to end.

‘The big question that John Ratcliffe has to answer is explain to me why Putin wants a ceasefire. I would argue he doesn’t,’ Hoffman said in reference to the director of the CIA. ‘There is zero indication that he wants one.

‘If he wanted to stop the war and stop the killing of his own people and stop spilling so much blood and treasure, he would have stopped it,’ Hoffman argued.

Ultimately, Hoffman said, when looking at how most major wars have concluded, history suggests the war in Ukraine can only truly end on the battlefield.

‘One side loses, one side wins, or both sides don’t have the means to fight anymore,’ Hoffman said. ‘That’s how the wars end.’

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Dozens of Tesla vehicles were damaged at a dealership in Ontario, Canada, Hamilton Police Service (HPS) confirmed to Fox News Digital. Authorities said that the incident occurred overnight on March 18, and that the ‘damage included deep scratches and punctured tires.’

HPS told Fox News Digital that officers are still working on getting footage from the Tesla vehicles as, ‘some vehicle camera systems were recording during the mischief incident.’ They were also able to obtain ‘limited’ footage from the area. As of Saturday, it was still too early in the investigation for HPS to determine a motive or how many people were involved. HPS said they do not have any suspects.

The night before this incident, police in London, Ontario, were reportedly called to the scene of a fire that is allegedly being investigated as suspicious. On March 17, a Tesla was set on fire, causing an estimated $140,000 in damage, London Police Service said in a press release.

Vandalism and attacks on Tesla vehicles and dealerships have been on the rise over the last few weeks. Many of the attacks appear to be politically motivated acts against Tesla founder and CEO Elon Musk due to his work with the Department of Government Efficiency.

The Trump administration began cracking down on Tesla vandals earlier this week, with Attorney General Pam Bondi saying the string of attacks was ‘nothing short of domestic terrorism.’ She vowed that the Department of Justice (DOJ) would ‘continue investigations that impose severe consequences on those involved in these attacks.’

On Thursday, the DOJ announced that three individuals were charged in connection with the ‘violent destruction of Tesla properties.’ The defendants face charges that carry a minimum penalty of 5 years in prison, but could face up to 20 years behind bars.

‘The days of committing crimes without consequence have ended,’ Bondi said in a DOJ statement. ‘Let this be a warning: if you join this wave of domestic terrorism against Tesla properties, the Department of Justice will put you behind bars.’

On Friday, President Donald Trump floated the idea of Tesla vandals serving time in El Salvadorian prisons in a post on Truth Social.

‘I look forward to watching the sick terrorist thugs get 20 year jail sentences for what they are doing to Elon Musk and Tesla,’ Trump wrote. ‘Perhaps they could serve them in the prisons of El Salvador, which have become so recently famous for such lovely conditions!’

Since January 2025, Tesla vehicles have been targeted in at least nine states, according to the FBI. The bureau has urged the public to ‘exercise vigilance’ near Tesla properties.

Fox News Digital’s Alexandra Koch and Danielle Wallace contributed to this report.

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President Donald Trump revoked the security clearances of Joe Biden, Hillary Clinton, Kamala Harris, Liz Cheney and several other opponents who either severely criticized or acted against him.

The White House released a memo on Friday that read: ‘I have determined that it is no longer in the national interest for the following individuals to access classified information:  Antony Blinken, Jacob Sullivan, Lisa Monaco, Mark Zaid, Norman Eisen, Letitia James, Alvin Bragg, Andrew Weissmann, Hillary Clinton, Elizabeth Cheney, Kamala Harris, Adam Kinzinger, Fiona Hill, Alexander Vindman, Joseph R. Biden Jr., and any other member of Joseph R. Biden Jr.’s family.’

Earlier this month, Director of National Intelligence Tulsi Gabbard announced that she had revoked the security clearances of several people listed in Trump’s memo and blocked them from having access to classified information. She said ‘the 51 signers of the Hunter Biden ‘disinformation’ letter’ also had their clearances rescinded.

‘The President’s Daily Brief is no longer being provided to former President Biden.’

In addition to having their security clearances revoked, the individuals listed in Trump’s memorandum have had their ‘unescorted access to secure United States Government facilities’ rescinded.

Several people listed in Trump’s memo mostly dismissed it in social media posts reacting to the news. Both Zaid and Eisen said it was ‘like the third time’ their security clearances were revoked. Kinzinger posted a video saying that he ‘retired a year ago from the military’ and doesn’t have a clearance before calling the president a ‘dumba–.’

The security clearance memo comes just days after Trump announced that he was stripping Hunter and Ashley Biden of their Secret Service protection.

‘Hunter Biden has had Secret Service protection for an extended period of time, all paid for by the United States Taxpayer. There are as many as 18 people on this Detail, which is ridiculous!’ Trump wrote on Truth Social. ‘Please be advised that, effective immediately, Hunter Biden will no longer receive Secret Service protection. Likewise, Ashley Biden who has 13 agents will be taken off the list.’

While under federal law, former presidents and their spouses receive life-long Secret Service protection, but that protection ends for members of their immediate family when they leave office. According to the Associated Press, both Trump and Biden extended protection for their children before leaving office.

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