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Oil prices are slipping a bit as traders grapple with mixed signals—global demand looks shaky, but ongoing tensions between Russia and Ukraine are keeping losses in check. It’s a tug-of-war between economic worries and geopolitical risks.

Russia has launched a fresh wave of drone and missile strikes on Ukraine, escalating tensions just days after a Ukrainian raid reportedly destroyed over a dozen of Moscow’s prized strategic bombers. This back-and-forth highlights the intensifying aerial warfare between the two sides, with neither willing to back down.

The stock market is looking up this morning, with Dow futures ticking higher as traders brace for the latest jobs report—always a big deal for gauging the economy’s health. Meanwhile, Wall Street’s got one eye on the ongoing spat between Donald Trump and Elon Musk, which could stir up some unpredictable market ripples if things escalate.

The debate over whether to extend or repeal the Trump-era tax cuts is heating up again, bringing the federal deficit back into the political spotlight. Lawmakers are clashing over the economic impact of the cuts—some argue they boosted growth, while others say they ballooned the national debt without clear benefits for most Americans.

Editor’s Note: This isn’t just another partisan tax fight—it’s a high-stakes discussion about how the U.S. pays for everything from defense to social programs. With the deficit already a ticking time bomb, the outcome could shape budgets (and your wallet) for years. Whether you care about taxes, debt, or just how the government spends money, this debate matters.

Investors are pulling money out of US equity funds, spooked by uncertainty around trade policies, while Europe is seeing inflows as markets anticipate a rate cut from the European Central Bank (ECB). It’s a classic case of risk aversion—traders are wary of US trade tensions but see potential in Europe’s looser monetary policy.

Editor’s Note: Money flows like this are a real-time pulse check on investor confidence. The US trade policy jitters could signal broader market unease, while Europe’s inflows suggest optimism about stimulus. For everyday folks, it’s a reminder that global policy shifts—whether trade wars or rate cuts—ripple through portfolios, pensions, and even savings accounts.