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U.S. Journalist Abducted in Baghdad Amid Rising Security Fears

                                   FILE PHOTO: An aerial view of Baghdad An American journalist was kidnapped in central Baghdad, according to Iraqi police officials who reported the incident early Tuesday. The abduction occurred near a busy commercial district where foreign media workers often travel, underscoring ongoing concerns about the safety of international personnel operating in the region. Witnesses told authorities that armed men intercepted the journalist’s vehicle and forced them into another car before speeding away. Police have launched an investigation and are coordinating with federal security forces to track the kidnappers and determine the journalist’s whereabouts. No group has yet claimed responsibility, but officials say the method of the abduction resembles tactics used by organized militias and criminal networks active in the capital. U.S. diplomatic represe...
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US Futures Stall After Record-Setting Rally

 


US stock futures wobbled on Friday, losing steam after a record-setting rally and blowout month as the relief sparked by an influential inflation reading ebbed. The S&P 500 futures were little changed, coming off the benchmark’s record close and best February in almost a decade. Futures on the Dow Jones Industrial Average and the tech-heavy Nasdaq 100 also wavered around the flatline.

Stocks are kicking off March in a subdued mood, a shift from the upbeat reaction to PCE data that showed inflation continued to cool — easing worries the Federal Reserve would get more reason to hold off from interest-rate cuts. But further scrutiny has highlighted signs of “sticky” inflation that will be harder to shift.

Among big movers, shares in New York Community Bancorp (NYCB) tumbled 20% in premarket after the exit of its CEO, a $2.7 billion quarterly loss, and findings of “material weaknesses” in the bank’s loan processes. Meanwhile, Dell (DELL) shares rose almost 25% in the wake of a quarterly sales and profit beat fueled by AI prospects for its servers. Developments at OpenAI caught the attention of investors tracking the sector. Elon Musk has sued the Microsoft-backed company and its CEO Sam Altman, among others, over a breach of contract. Also, the ChatGPT maker is reportedly set to name new board members in March to end an impasse linked to Altman’s abrupt firing last year.

In summary, the market’s exuberance has tempered, and investors are closely watching inflation trends and corporate developments. As we navigate March, the delicate balance between economic indicators and market sentiment remains crucial.


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