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U.S. Journalist Abducted in Baghdad Amid Rising Security Fears

                                   FILE PHOTO: An aerial view of Baghdad An American journalist was kidnapped in central Baghdad, according to Iraqi police officials who reported the incident early Tuesday. The abduction occurred near a busy commercial district where foreign media workers often travel, underscoring ongoing concerns about the safety of international personnel operating in the region. Witnesses told authorities that armed men intercepted the journalist’s vehicle and forced them into another car before speeding away. Police have launched an investigation and are coordinating with federal security forces to track the kidnappers and determine the journalist’s whereabouts. No group has yet claimed responsibility, but officials say the method of the abduction resembles tactics used by organized militias and criminal networks active in the capital. U.S. diplomatic represe...
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U.S. stocks open mixed and turn lower after inflation report as Fed decision looms


  • Inflation data: The U.S. cost of living increased 0.1% month over month and 3.1% year over year in November, slightly higher than expected. Core inflation was in line with estimates at 0.3% month over month and 2.3% year over year.
  • Market reaction: U.S. stocks opened mixed and turned lower after the inflation report, as investors weighed the implications for interest rates and the Fed’s policy outlook. The Dow Jones Industrial Average fell 0.43%, the S&P 500 slid 0.39%, and the Nasdaq Composite dropped 0.2% on Tuesday.
  • Fed decision: The Federal Reserve is set to announce its interest rate decision on Wednesday, with no change expected in the current range of 5.25% to 5.50%. The Fed is also expected to provide an update on its balance sheet reduction plan and its economic projections for 2024 and beyond.
  • Market outlook: The S&P 500 index is near its record high, having gained 20.4% year to date, partly on hopes of slowing inflation and rate cuts in the future. However, some analysts warn that the inflation trend is still above the Fed’s 2% target and that the central bank may have to tighten monetary policy more than expected to keep inflation under control.
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