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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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Tech Stocks Wobble as Micron’s Forecast Disappoints: Market Update

 

US stock futures retreated on Thursday after chipmaker Micron’s outlook put a dent in tech-rally hopes. Investors are closely watching fresh economic data ahead of an inflation reading key to Federal Reserve policy. Here are the key points:

  • Micron’s Impact: Micron’s sales forecast for the current quarter met expectations but failed to satisfy investors looking for stellar outperformance from AI-linked companies. As a result, Micron’s shares slid almost 6% in pre-market trading.

  • Tech Stocks: The bullishness around AI has helped lift the benchmark S&P 500 to a 15% gain this year. However, concerns are growing that the rally could be at risk if the handful of tech companies driving most of those gains stop topping already lofty expectations. Nvidia was down 1.6%, reviving worries of a return to the sell-off that rattled markets last week, as other AI chip stocks came under pressure.

  • Economic Data: Focus is also on updates on GDP and weekly jobless claims due before the market open. Additionally, the PCE inflation print on Friday will influence the Fed’s thinking on timing of interest-rate cuts.

  • Corporate Front: Levi Strauss shares sank over 15% in the wake of a second-quarter revenue miss for the jeans seller. Investors will look to Nike’s quarterly results after the bell for more clues to consumer resilience.

Remember to stay informed and keep an eye on market developments! 

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