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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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Stock Market Update: Record Highs Driven by Nvidia’s Earnings Surge

 

The stock market witnessed a whirlwind week, fueled by the remarkable performance of AI chipmaker Nvidia (NVDA). As the week drew to a close, both the S&P 500 and the Dow Jones Industrial Average achieved fresh record highs.

  • S&P 500: The broad market index inched higher, closing at 5,088.80, surpassing the 5,100 mark for the first time.
  • Dow Jones Industrial Average: The Dow added 62.42 points, reaching an all-time high of 39,131.53.
  • Nasdaq Composite: Although the Nasdaq Composite retreated slightly, closing down 0.3%, it had already notched a fresh 52-week high earlier in the session.

Nvidia’s blowout earnings sent shockwaves through the market, adding approximately $277 billion to the company’s market value. This surge marked the largest single-day gain in Wall Street history. The chipmaker’s shares continued their ascent, bringing the company tantalizingly close to a $2 trillion valuation.

Amidst the AI frenzy, investors are also contemplating the possibility of a US interest rate cut. Federal Reserve officials have hinted at impending cuts, although the timing remains uncertain.

As the solid fourth-quarter earnings season winds down, several companies have impressed Wall Street:

  • Block (SQ): An upbeat earnings forecast from Square led to a 16% jump in the fintech company’s shares.
  • Carvana (CVNA): Investors welcomed the used-car seller’s first annual profit, resulting in a 30% surge in Carvana’s stock.

In summary, Wall Street’s record-breaking week was driven by Nvidia’s stellar performance, and investors are keeping a close eye on interest rate developments. As the market continues to evolve, stay tuned for further updates.


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