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Tragic Loss: First Openly Gay Muslim Imam Killed in South Africa

In a tragic incident that has sent shockwaves through communities worldwide, Muhsin Hendricks, the first openly gay Muslim imam, was fatally shot in South Africa. The incident occurred on Saturday in the city of Gqeberha, where Hendricks was ambushed by two men in a pick-up truck. The attackers, whose faces were covered, fired multiple shots through the side window of Hendricks' car. Hendricks was renowned for his advocacy for LGBTQ+ inclusion within Islam. He founded a mosque in Cape Town that welcomed gay Muslims and worked tirelessly through his Al-Ghurbaab Foundation to support and mentor individuals struggling to reconcile their faith with their sexual orientation. His efforts made him a prominent figure internationally, and he was a speaker at the International Lesbian, Gay, Bisexual, Trans and Intersex Association’s conference in South Africa last year. The motive for the killing has not been established, but many believe it was an assassination due to Hendricks' progres...

Fed keeps interest rates unchanged, stocks rally



US stocks rose on Wednesday as the Federal Reserve voted to hold interest rates at their highest range in 22 years at the conclusion of its latest policy meeting.  The Federal Reserve decided to keep its benchmark interest rate in a range of 5.25%-5.50%, The Fed is waiting to see the impact of its previous rate hikes on the economy.

The S&P 500 was up more than 1.05% while the Dow ones Industrial Average  gained almost 0.7%. Meanwhile, the tech-heavy Nasdaq  rose about 1.6 %.with the S&P 500, the Dow Jones, and the Nasdaq all gaining more than 0.7%. Investors were relieved that the Fed did not signal any further tightening in the near term.

Fed Chair Jerome Powell said policy makers would proceed carefully although they were not yet confident financial conditions were restrictive enough to get inflation as low as the central bank would like.

Treasury yields edged lower, with the 10-year yield trading around 4.8%. Yields ticked lower earlier Wednesday after the US Treasury's quarterly refunding update revealed the Treasury will auction $112 billion in debt next week, roughly in line with Wall Street's expectations.


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