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Tehran Rocked by Renewed Israeli Strikes as Iran’s Leadership Council Assumes Control

  A woman reacts as she holds a placard with an image of Iranian late Supreme Leader Ayatollah Ali Khamenei, at a rally in solidarity with Iran after U.S. and Israeli strikes killed Ali Khamenei, in Beirut, Lebanon. Israel has launched another wave of airstrikes on Tehran, intensifying a rapidly escalating regional crisis just one day after the assassination of Iran’s Supreme Leader, Ali Khamenei. According to multiple reports, Israeli officials said the renewed strikes were intended to maintain air dominance as Iran faces its most significant leadership vacuum in decades.  The power void left by Khamenei’s killing has prompted Iran to activate a leadership council to stabilize governance. Inside the country, reactions have been sharply divided—some mourning the long‑time leader, others openly celebrating his death, revealing deep internal fractures.  The military confrontation has widened beyond Iran’s borders. Iran has retaliated with missile barrages targeting Israe...
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Stock Market News: Weekly Recap



The stock market ended the week on a positive note, as major indexes edged higher on Friday. The S&P 500 gained 0.2%, the Dow Jones Industrial Average rose 0.1%, and the Nasdaq Composite added 0.3%. The gains came after a week of solid earnings reports and economic data, which boosted investor confidence and optimism.

Some of the highlights of the week included:

- The third-quarter GDP report showed that the U.S. economy grew at an annualized rate of 6.2%, slightly below expectations but still robust.

- The Federal Reserve announced that it will start tapering its monthly bond purchases by $15 billion in November, signaling its confidence in the economic recovery and inflation outlook.

- The October jobs report showed that the U.S. economy added 531,000 jobs, beating expectations and marking the strongest monthly gain since July. The unemployment rate fell to 4.6%, the lowest level since March 2020.

- Several major companies reported strong earnings results, such as Apple, Amazon, Facebook, Google, Microsoft, Starbucks, and Tesla.

The stock market has been resilient in the face of various challenges, such as supply chain disruptions, labor shortages, rising inflation, and the spread of the delta variant. The S&P 500 is up about 24% year to date, and is on track for its sixth consecutive month of gains.

Looking ahead, investors will be watching for more earnings reports, as well as data on consumer confidence, inflation, retail sales, and industrial production. The market will also be paying attention to any developments on the infrastructure and social spending bills in Congress, as well as the global climate summit in Glasgow.

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