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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....
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US Markets Slip as Earnings Pour In Ahead of Fed Rate Decision

 

Wall Street limped early Tuesday with corporate earnings rolling in and the Federal Reserve’s next interest rate decision imminent. 

Futures for the S&P 500 and futures for the Dow Jones industrials each slipped less than 0.2% before the bell. UPS tumbled more than 7% after the package delivery company unexpectedly dialed back expectations for the year. General Motors climbed nearly 8% as the automaker’s profit and sales rose by double-digit percentages last year. Microsoft, Google and Starbucks report their latest financial results after the bell Tuesday. Also Tuesday, the US reports on job openings for November and the Conference Board releases consumer confidence data for January. 

On Wednesday, the Federal Reserve will make its next decision on what to do with interest rates. Most expect the Fed will no make any changes, but there is hope that it may cut rates in March. That would be the first downward move since the Fed began dramatically raising interest rates two years ago to get inflation under control. 

There is a lot of evidence suggesting that the Fed may be able to pull off a so-called economic “soft landing” after a period of accelerated inflation. The Federal Reserve’s preferred inflation gauge cooled further last month even as the economy kept growing briskly, a trend sure to be welcomed at the White House as President Joe Biden seeks re-election in a race that could pivot on his economic stewardship. On Friday, the U.S. government will release its monthly jobs report. Economists expect continued growth in hiring, but at a cooler pace. That’s exactly what the Fed wants to see after surging U.S. growth contributed to rising prices.


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