Skip to main content

Featured

North Korean Engineers Aid Russia in Kursk Mine-Clearing Operations

                               North Korea last year sent some 14,000 soldiers to fight alongside Russia in Kursk. Russia has announced that North Korean troops are playing a central role in de-mining operations in the Kursk region , an area heavily affected by months of fighting with Ukrainian forces. According to the Russian Defence Ministry, the deployment follows a mutual defence pact signed between Moscow and Pyongyang, which saw thousands of North Korean soldiers sent to assist Russia during the conflict. The Kursk region became a major battleground in August 2024, when Ukrainian forces crossed the border and seized large swathes of territory. After months of intense combat, Russian forces—bolstered by North Korean troops—eventually regained control. Now, the focus has shifted to clearing anti-tank mines, anti-personnel devices, and unexploded ordnance , including Western-supplied weapons...
Post a Comment
Read more

article

Labels

Powell’s Words Rattle Investors

 

US stock futures took a tumble today after Federal Reserve Chair Jerome Powell poured cold water on hopes for an early interest rate cut. As we head into a busy week of corporate earnings, investors are closely watching the impact of Powell’s statements on the recent market rally. S&P 500 ( ^GSPC) futures slipped 0.2%, signaling a pullback from the benchmark’s record-setting run, Dow Jones Industrial Average ( ^DJI) futures shed roughly 0.2%. and  Nasdaq 100 ( ^NDX) futures dropped 0.1%.

Powell, in a recent “60 Minutes” interview, reiterated the central bank’s cautious approach to rate cuts. He emphasized that the “danger of moving too soon is the job’s not quite done” in quelling inflation. Traders responded by scaling back their bets on rate cuts, not only for March but also for May, according to the CME FedWatch Tool.

US bonds sank, with the 10-year Treasury yield ( ^TNX) rising about six basis points to 4.08%. This move reflects the market’s recalibration of expectations following Powell’s remarks.

Investors are now turning their attention to quarterly results. Last week’s triumphant reports from Meta (META) and Amazon (AMZN) fueled the recent rally. Today, McDonald’s (MCD) disappointed with sales falling short of Wall Street estimates. The coming days will be crucial as a wave of corporate earnings reports determines whether the rally can sustain its momentum.


Labels:

Comments

Post a Comment