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Six Days Adrift: Tragedy Strikes Migrant Boat off Greek Coast

  Twenty-two migrants lost their lives off the coast of Greece after spending six harrowing days at sea in a rubber boat that had departed from Tobruk, Libya. According to survivor accounts and Greek coastguard reports, the passengers became disoriented during the journey and were left without food or water, leading to fatal exhaustion.  Rescue teams recovered 26 survivors, including a woman and a minor, near the island of Crete. Several survivors reported that the bodies of those who died were thrown overboard on the orders of smugglers accompanying the group. Greek authorities have since arrested two South Sudanese men, aged 19 and 22, suspected of human trafficking and negligent homicide.  The tragedy highlights the ongoing dangers faced by migrants attempting to reach Europe via the Mediterranean, a route that continues to claim lives despite increased border controls and international attention. Poor weather, overcrowded vessels, and lack of supplies remain persis...

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US Stock Futures Rise Despite Tesla’s Disappointing Earnings Report

 


The US stock market futures were slightly higher today despite Tesla’s disappointing earnings report and the release of the GDP print. 

The US economy grew at a 3.3% annual pace in the fourth quarter, faster than expected. Tesla reported Q4 earnings that missed estimates and issued a downbeat full-year production outlook. 

The S&P 500 is particularly concentrated in a few big names, notably the “Magnificent Seven” tech stocks. This concentration may make some investors ill at ease. But that’s no reason to be bearish. The benchmark average hit a record high as investors turned to a fresh set of corporate earnings for direction.

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