Skip to main content

Featured

U.S. Officials Say Iran’s New Supreme Leader Gravely Wounded Amid Escalating Conflict

Protesters hold posters of Iran's late Supreme Leader Ayatollah Ali Khamenei and his son, Iran's new Supreme Leader Mojtaba Khamenei, during a protest marking al-Quds Day (Jerusalem Day), after Friday prayers at Fatih Mosque in Istanbul. U.S. Defense Secretary Pete Hegseth has confirmed that Iran’s newly appointed Supreme Leader, Mojtaba Khamenei , was seriously wounded and likely disfigured during the opening phase of U.S. and Israeli military strikes. Speaking at a Pentagon briefing, Hegseth described Iran’s leadership as “desperate and hiding,” asserting that Khamenei has gone underground following injuries sustained in the attacks.  Reports from multiple outlets indicate that Khamenei has not appeared publicly since the conflict began, fueling speculation about the severity of his condition. Some accounts suggest he may have suffered catastrophic injuries, including the loss of a limb and a possible coma, after an airstrike that also killed members of his family.  U.S....
Post a Comment
Read more

article

Labels

TSX set to end the year on a positive note amid global recovery hopes

The Toronto Stock Exchange (TSX) is expected to open higher on Friday, the last trading day of 2023, as investors remain optimistic about the global economic recovery from the pandemic.

The TSX closed at a record high of 23,456.78 on Thursday, boosted by gains in energy, financials, and materials sectors. The index has risen more than 20% this year, outperforming its U.S. peers, as Canada’s economy rebounded from the COVID-19 crisis.

The positive sentiment was also supported by the latest data showing that Canada’s GDP grew by 0.4% in October, beating expectations of a 0.2% increase. The growth was driven by the services sector, which expanded by 0.6%, while the goods-producing sector contracted by 0.1%.

On Friday, the TSX futures were up 0.3% at 7:30 a.m. ET, indicating a higher open for the cash market. The Canadian dollar was trading at 79.32 U.S. cents, slightly lower than Thursday’s close of 79.36 U.S. cents.

Meanwhile, the U.S. stock futures were also pointing to a higher open, as Wall Street looked to end the year with record highs. The Dow Jones Industrial Average, the S&P 500, and the Nasdaq Composite have gained 18.7%, 26.9%, and 21.4% respectively this year, as the U.S. economy recovered from the pandemic-induced recession.

The U.S. markets will close early at 1 p.m. ET on Friday, while the TSX will close at its regular time of 4 p.m. ET. Both markets will be closed on Monday, January 1, 2024, for the New Year’s Day holiday.

Labels:

Comments

Post a Comment