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French Police Arrest Two in $100 Million Louvre Jewel Heist

                                                     T he Louvre Museum French authorities have arrested two suspects in connection with last week’s audacious jewel heist at the Louvre Museum in Paris, where thieves made off with crown jewels valued at more than $100 million. According to Paris prosecutor Laure Beccuau, the arrests took place on Saturday evening. One suspect was detained at Charles de Gaulle Airport as he attempted to board a flight out of the country, while the second was apprehended later that night in the Seine-Saint-Denis suburb north of Paris. The daring robbery occurred on October 19, when thieves used a crane to smash an upstairs window of the world’s most-visited museum before escaping on motorbikes. The stolen collection included priceless Napoleonic-era jewels, sparking outrage and raising questions...
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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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