Migrants found dead in abandoned trailer in San Antonio
Forty-six people were found dead after being abandoned in a tractor-trailer on a remote back road in San Antonio in the latest tragedy to claim the lives of migrants smuggled across the border from Mexico to the U.S. Sixteen people were hospitalized, including four children.
news.yahoo.comStocks stem losses but remain on track for worst week since March 2020
Investors are still grappling with the Fed’s momentous decision to raise interest rates by three-quarters of a percentage point. Portfolios spanning nearly every sector have suffered losses, and color coded grids showing the wins and losses of stocks flashed a solid wall of red. Higher interest rates are designed to strong-arm American consumers to spend less of their money, cooling demand for products and services. Richard Saperstein, chief investment officer of Treasury Partners, said the market is reacting to the uncertainty over the Fed’s efforts to tame inflation. AdvertisementAs Wall Street whipsaws, gas prices continue to spike while inflation has yet to peak, according to the latest data that may have surprised policymakers hoping for cooling prices.
washingtonpost.comJan 6. hearing: Former Fox News editor Chris Stirewalt defends election night call for Arizona
Appearing at Monday's House select committee hearing on the Jan. 6 attack on the U.S. Capitol, former Fox News politics editor Chris Stirewalt defended the network's decision to announce that Joe Biden was projected to win in Arizona on election night in 2020. Stirewalt also told committee members, "You're better off to play the Powerball" than for the results to have changed after Biden had been projected the winner nationwide on Nov. 7, 2020.
news.yahoo.comUS futures point to a bear market; here’s what that means
Wall Street looks like it will open the week with more losses, with the S&P 500 falling to a level that market observers consider to be a so-called bear market. Rising interest rates, high inflation, the war in Ukraine and a slowdown in China’s economy have led investors to reconsider what they’re willing to pay for a wide range of stocks, from high-flying tech companies to traditional automakers. The last bear market happened just two years ago, but this would still be a first for those investors that got their start trading on their phones during the pandemic.
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