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  • Canada deepens Arctic defense ties with Nordics after Trump threats – NBC News

    Canada deepens Arctic defense ties with Nordics after Trump threats – NBC News

    CAMBRIDGE BAY, ​Nunavut — Since U.S. President Donald Trump’s barrage of threats to seize Greenland, authorities on the frozen island have been seeking help from a northern ally: Canada.

    A reserve unit of the Canadian armed forces called the Rangers has long maintained a year-round presence in mostly inaccessible Arctic communities. For three years, authorities in Greenland and Denmark have consulted with Canadian officials on how to set up their own version of the Rangers — conversations that grew more urgent with Trump’s threats and growing fears of Russian hostility in the Arctic.

    “The rhetoric coming out of the White House has ⁠sped up efforts to rebuff the idea that Arctic communities need the U.S. to come in and save them,” said Whitney Lackenbauer, an honorary lieutenant-colonel Canadian Ranger involved in the talks, who spoke with Reuters during a recent 5,000-kilometer Arctic snowmobile trek by the Rangers.

    “The Nordic countries and Canada, we’re increasingly realizing we can come together in military and diplomatic ways to send a message that carries moral weight.”

    As Canada attempts to pivot away from relying on the U.S. to protect its vast Arctic, Prime Minister Mark Carney is strengthening ties and exchanging security tips with the Nordic countries, which he describes as trusted partners.

    Canada’s increased defense collaboration with the Nordics is part of Carney’s effort to strengthen alliances between what he calls “middle powers” in a world where ⁠the United States is considered a less reliable partner.

    The White House said Trump’s leadership has prompted allies “to recognize the ​need to ⁠meaningfully contribute to their own defense” and that the Arctic is a critical region for U.S. national security and the economy.

    “The administration is participating in diplomatic high-level technical talks with the governments of Greenland and Denmark to address the United States’ national security interests in Greenland,” a White House spokesperson said in an email.

    Alliances are shifting in the Arctic as climate change makes it more accessible. Russia ⁠has far more military bases than any other nation there and in recent years China has started to increase its presence in the mineral-rich area, mostly in partnership with Russia.

    While Carney says ​Canada will no longer rely ⁠on any other nation to protect its own territory, he says the Arctic’s greatest ‌threat is from Russia – and the Nordics have been boosting their own defenses since Russia invaded Ukraine.

    In March, Canada and the five Nordic countries — Denmark, Finland, Iceland, Norway and Sweden — agreed to deepen their cooperation in military procurement and ramp up defense production to deal with security threats, including cyberattacks.

    A plan for how Greenland might adapt the Canadian Rangers is expected by the end of this year, according to government policy documents. Canadian Foreign ‌Affairs Minister Anita Anand told Reuters she meets regularly with Nordic officials to work on collective defense and Arctic security.

    Canada’s ‌partnership with the United States through NORAD, the North American Aerospace Defense Command, remains critical, she said. But Canada is focused on bolstering new alliances. That includes the opening of a Canadian consulate in Nuuk in February and an invitation to her Nordic counterparts to visit Canada’s Arctic this year.

    “We have to build something new, and it has to be a world order that is built on the values that we represent,” Danish Prime Minister Mette Frederiksen told Carney during the Nordic-Canadian summit in Oslo in March.

    In April, Alexander Stubb became the first Finnish president to visit ⁠Canada in a dozen years and signed several agreements on Arctic cooperation. Stubb and Carney took to the ice in Ottawa for a hockey practice, and afterward Stubb said he and Carney message each other almost every day.

    The two national leaders sometimes chat about hockey or baseball, Stubb told reporters, but “most of the time it’s about NATO or Ukraine or Iran.”

    No more ‘free pass’

    Lackenbauer, the honorary Canadian Ranger lieutenant-colonel, is also an Arctic expert at Trent University in Peterborough, Ontario. He said Canada should overhaul its approach to Arctic security just as Nordic countries did after Russian troops marched into Ukraine in 2022.

    “The more we can go and help Canada’s allies in northern Europe, the more hostile nations will get the message that they do not get a free pass in the Arctic,” he said.

    Among the eight countries that share the Arctic, Canada’s investment in defending the territory has consistently been near the bottom, trailing Russia, the U.S., Norway, Sweden, Denmark and Finland, according to the Arctic Business Index, a network of far north research institutions and analysts. Along with Greenland, ‌Canada has historically spent the least.

    Last year, Canada hit the NATO target of spending 2% of its GDP on defense, around C$63 billion ($45 billion USD), after repeated complaints from Trump. That compared to ​a low point of just 1% in 2014.

    Neil O’Rourke, Director General at Canada’s Coast Guard for Fleet and Maritime Services, said he and a Danish defense colleague realized years ago that if ‌either country had a serious incident in the Arctic, their first phone call should be to ⁠each other.

    “Up north, we’re just across the water and it makes much more sense to share resources than to get help from down south,” O’Rourke said in an interview. He said Canada ⁠is also trying to learn more from Norway about how its maritime services handle emergency towing of vessels.

    Rob Huebert, an Arctic expert at the University of Calgary, said working with the U.S. remains critical, noting that the country produces arguably the most advanced military weaponry and that Canada’s ‌military remains highly dependent on the U.S. for protecting its northernmost ​regions.

    “If we are talking about war-fighting capability, that means working with the U.S. military,” he said. Huebert said Carney’s ‌March trip to observe a Norwegian-led NATO exercise in Bardufoss is perhaps an indication the country’s approach ​is changing.

    “Until very recently, Canada’s participation in NATO’s Arctic exercises in the Nordics has been very token,” he said. “But then all of a sudden because of Trump, we decide we’d better do something with the Nordics.”

  • For better or worse, investors are living through Trump’s stock market. Here’s why – CNBC

    For better or worse, investors are living through Trump’s stock market. Here’s why – CNBC

    Why Trump keeps moving markets

    President Donald Trump has been considered the ultimate stock market president, overseeing an expansion to numerous record highs while serving as a catalyst for major declines.

    Within the first two months of Trump’s second term, the S&P 500 experienced one of the fastest falls to correction territory since World War II, spurred primarily by uncertainty surrounding his tariff policies. Not even a month later, the index almost closed in bear market territory on the heels of the president’s “liberation day” tariff announcement. A correction is defined as a fall of at least 10% but less than 20% from its recent high, while a bear market is a drop of at least 20% or more on a closing basis.

    But the market has also recovered faster than the norm under Trump.

    When it comes to S&P 500 pullbacks of 5% to 9.9% from its peak, the two that have occurred since early 2025 have reversed faster than the median of 34 days, according to CFRA Research. That’s a better rate of recovery compared than under any other president dating back to Ronald Reagan in 1981.

    “The bull market takes the stairs, whereas bear markets take the elevator,” said Sam Stovall, CFRA Research’s chief investment strategist. “What we’re seeing in Trump 2.0 is lower volatility overall combined with a quicker-than-average recovery from sharp sell-offs.”

    The most recent recovery in Trump’s second term — when the S&P 500 bounced back from a 9.1% decline in only 16 calendar days — was one of the speediest since World War II, tying for ninth fastest, CFRA found.

    “It’s the earnings growth that has caused investors to remain very optimistic,” Stovall said.

    A new era

    FactSet data shows first-quarter S&P 500 earnings have grown by more than 20% year on year. That’s near the strongest profit expansion since the fourth quarter of 2021.

    That solid earnings backdrop — which backed up the strong enthusiasm around artificial intelligence on the Street — may have supported the market’s most recent recovery. But the move higher was first sparked by hope that the war between the U.S. and Iran would be reaching an end in the near term.

    Iran and the U.S. last month agreed to a ceasefire, easing worries that oil prices will stay elevated and put upward pressure on prices. However, that truce has become increasingly fragile, as Trump this week said the ceasefire was “on life support.”

    “News trumps charts,” said Carson Group Chief Market Strategist Ryan Detrick. “We’ve been in a very headline-driven world, headline-driven market, and investors have just had to kind of strap on and get on the roller coaster and go along with it.”

    Detrick maintains that a global bull market for equities is still in place, and it might be on the younger side in its lifespan. From here, he thinks, investors would be best served buying the dip.

    “I don’t know we’ve ever had a market that’s this fixated on the day-to-day news coming out of the White House,” he said. “Under President Trump going forward, I think this volatility is just what we have to get used to.”

    That speaks to a generational shift at play on Wall Street. In recent years, investors have been conditioned to use sizeable market declines as buying opportunities, especially those who came of age in the wake of the global financial crisis.

    “FOMO is a very real thing for an institutional investor,” said Steve Sosnick, chief strategist at Interactive Brokers.

    Sosnick found that those who sold on Trump’s tariff announcement last year and were slow to buy back shares underperformed those who weren’t. That has now led to “this general reluctance of institutions, broadly speaking, to sell too aggressively,” he said.

    “We may be putting a little too much behind us, or a little too much faith in when we get sort of happy talk out of the administration,” the strategist told CNBC.

    ‘Don’t fight the White House’

    Investors have been so fixated on announcements out of the White House that Trump has been the main driver of the market’s best — and worst — five days since his return to office, Fundstrat data shows.

    The S&P 500’s best day since Trump became president again was April 9, 2025 — when it surged more than 9% after he paused his widespread tariffs. The benchmark’s worst day took place on April 4, 2025, after China retaliated with levies of its own on U.S. goods.

    Not in almost half a century has any U.S. president been responsible for this many best and worst market days during their time in office, per Fundstrat. If it weren’t for the five best days driven by Trump in his second term, the S&P 500 would only be 1% higher since his taking office. That’s as opposed to the index being up 23.5% from that inauguration date.

    “No other president has had this level of control over the fortunes made in the stock market,” Hardika Singh, economic strategist at Fundstrat Global Advisors, said in an interview.

    “The only strategy investors need to follow is don’t fight the White House, because you’re going to lose and you’re not going to make any money,” she said. “Throw out your old investing playbook.”

    Trump’s communication style, at times rapid-firing posts on social media, have added fuel to the market’s swings — and have changed how future presidents will have to convey messages to Wall Street, said Matt Gertken, chief geopolitical strategist at BCA Research.

    “Social media is kind of the name of the game now,” Gertken said. “Even a president who comes in and tries to implement a very steady and routine mode of communication may end up having to adopt some of Trump’s standards later because of the situation he finds himself in.”

    Regardless of whether future presidents do actually take on a Trumpian style of communication, the market is going to remain volatile. For Gertken, if future presidents are more silent on social media, the market will “gyrate and vacillate out of speculation.” But if they speak frequently like Trump, the market will fluctuate based on their latest statements.

    “There’s no going back,” he said.

  • Trump says ISIS second-in-command killed in Africa – NBC News

    Trump says ISIS second-in-command killed in Africa – NBC News

    President Donald Trump said late Friday that a top Islamic State group commander has been killed in Africa in a joint operation with Nigeria’s armed forces.

    Abu-Bilal al-Minuki, the second-in-command of the militant group, was killed, Trump said in a post on Truth Social.

    “Tonight, at my direction, brave American forces and the Armed Forces of Nigeria flawlessly executed a meticulously planned and very complex mission,” Trump said.

    Nigerian President Bola Tinubu confirmed the operation and said al-Minuki was killed alongside “several of his lieutenants, during a strike on his compound in the Lake Chad Basin.”

    The “highly complex precision air-land operation” was carried out during three hours of darkness early Saturday, according to Nigerian military officials.

    Defense Secretary Pete Hegseth tied the operation to a previous instruction from Trump to “help protect Christians in Nigeria,” adding: “For months, we hunted this top ISIS leader in Nigeria who was killing Christians, and we killed him — and his entire posse.”

    He added: “This should serve as a reminder that we will hunt down those who wish to harm Americans or innocent Christians, wherever they are.”

    No U.S. service members were harmed in the operation, according to the U.S. military’s Africa Command. The force’s commander, U.S. Air Force Gen. Dagvin Anderson, said the operation alongside Nigeria “was made possible through the cooperation and coordination of our forces in recent months.”

    The Islamic State group, also known as ISIS, has wreaked havoc in Iraq, Syria and other parts of the world where supporters have carried out terror attacks.

    Its elusive leader, Abu Bakr al Baghdadi, was killed in 2019.

    Abu Hafs al Qurayshi was named leader of the group in August 2023, the U.S. Congressional Research Service said in a report.

    In 2023, the U.S. State Department designated al-Minuki as a “specially designated global terrorist,” which imposes sanctions on any property in the U.S. and restricts transactions.

    While the Islamic State suffered military setbacks and the loss of a stronghold in Syria, last year’s annual U.S. threat assessment said it “remains the world’s largest Islamic terrorist organization.”

    In 2024, a spokesman for the group “publicly hailed the group’s Africa expansion,” the report said.

  • Lauren Boebert suggests Trump withheld funds to Colorado over prosecution of election denier – The Guardian

    Lauren Boebert suggests Trump withheld funds to Colorado over prosecution of election denier – The Guardian

    Republican congresswoman Lauren Boebert suggested that Donald Trump blocked funds for a clean drinking water project in her state over the prosecution of election denier Tina Peters.

    Colorado’s governor, Jared Polis, commuted Peters’ nearly nine-year prison sentence on Friday, ordering her release on 1 June. The former Colorado county clerk had allowed unauthorized people to access voting records amid efforts to overturn the results of the 2020 election, in which Trump lost to Democrat Joe Biden.

    Boebert welcomed the commutation the same day, taking some credit, but giving even more to Trump.

    “I’m proud of the relentless pressure my office and I applied, working hand-in-hand with President Donald Trump, to highlight Tina’s case and demand fairness,” the congresswoman wrote. “This outcome would not have been possible without the continued pressure and advocacy from President Trump who always knew Tina deserved fairness under the law.”

    In comments to 9News Denver on Friday, Boebert also said that she hoped the release of Peters would convince Trump to stop blocking funds for a federal project to bring clean drinking water to Colorado. “We were told that Tina was the reason we couldn’t get water,” Boebert said, an apparent reference to Trump exerting on Colorado’s governor the same kind of pressure he put on Ukraine’s president in 2019, when he withheld congressionally mandated military aid to try to force Ukraine to open a sham investigation into Joe Biden. Trump was impeached for that scheme in 2019.

    In January, the president had vetoed a bill that would have funded a drinking water project in Boebert’s Colorado district, after it passed the House and Senate unanimously. Boebert, like all other Colorado lawmakers, had supported the bill, which would have supported clean water for 50,000 people in the region.

    Trump cited financial concerns, but Boebert pointed out on the House floor that Trump supported the project before he promised retaliation against Colorado for keeping Peters in jail and Boebert joined the effort to force the administration to release files on Jeffrey Epstein, the late child sexual offender Trump socialized with for nearly two decades.

    When the House of Representatives upheld Trump’s veto at the time, she criticized her colleagues, but not the president.

    “I am disappointed to see the lack of leadership, the amount of people that will fold, that will cave, that will not take a stand,” Boebert said. “This is a bill that in policy, no one in that chamber disagreed with. This was purely political and it’s very unfortunate.”

    “Folks are afraid of getting a mean tweet or attacked. And I came here to deliver for my constituents,” Boebert said.

  • Iran war latest: ‘We don’t need help,’ Trump says after visit with China’s leader – LiveNOW from FOX

    Iran war latest: ‘We don’t need help,’ Trump says after visit with China’s leader – LiveNOW from FOX

    Published  May 16, 2026 8:55am EDT

    Following his state visit to China, President Donald Trump continued to stress that Iran cannot possess nuclear weapons. 

    During an interview with FOX News’ Bret Baier, the president said Chinese President Xi Jinping agreed, and said the U.S. did not need any assistance from China to find a resolution to the war in Iran.

    “He would like to help…but we don’t need help,” Trump said. “You know the problem with help? When somebody helps you, they always want something on the other side. That’s the way help works.” 

    ‘I don’t think about anybody,’ Trump says

    The ongoing war’s ripple effects continues to cause pain at the pump for Americans, but Trump stood by his statement he made before his trip to China, saying high gas prices were worth the sole goal of preventing Iran from getting nuclear weapons. 

    What they’re saying:

    “When people hear me say it, everybody agrees,” Trump told Baier, saying that higher gasoline prices were just “short-term pain.”

    Members of the Islamic Revolutionary Guard Corps (IRGC) participate in a military exercise aimed at ‘increasing combat capabilities’ in Tehran province, Iran, on May 12, 2026. The drills involved various units and tactical maneuvers to test readiness

    Trump had responded to a reporter’s question on Tuesday outside the White House by saying, “I don’t think about Americans’ financial situation. I don’t think about anybody. I think about one thing: We cannot let Iran have a nuclear weapon.”

    He told Baier that the question that prompted the earlier response was “fake.”

    Here’s the latest from Saturday: 

    Takeaways from Trump-Xi summit in Beijing

    Putin to visit Chinese leader days after Trump

    8:50 a.m. ET: Russian President Vladimir Putin will meet with Jinping on a two-day trip to Beijing next week, the Kremlin said Saturday.

    The announcement comes less than 24 hours after U.S. President Donald Trump finished his own state visit to China, where he also met Xi to discuss trade and the U.S. and Israel’s war in Iran.

    In a statement, the Kremlin said that Putin’s trip, planned for May 19-20, had been scheduled to coincide with the 25th anniversary of the 2001 Sino-Russian Treaty of Friendship.

    It said that the two leaders would discuss bilateral relations as well as “key international and regional issues” and economic cooperation.

    The Source: Information for this article was taken from FOX News, previous reporting by The Associated and previous FOX Local reporting.

    Iran War