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Storm Wipha Triggers Fatal Boat Accident in Vietnam’s Halong Bay

  A tourist boat carrying 53 people, including five crew members, tragically capsized in Halong Bay on Saturday, resulting in the deaths of three individuals. The incident occurred around 2 p.m. local time, shortly after Storm Wipha swept into the South China Sea, unleashing strong winds, torrential rain, and lightning. Rescue teams have recovered three bodies and successfully located 12 survivors, according to reports from local border guards. The nationalities of the passengers have not yet been disclosed, and search operations remain ongoing amid challenging weather conditions. Halong Bay, a UNESCO World Heritage site located approximately 200 kilometers northeast of Hanoi, is one of Vietnam’s most popular tourist destinations, renowned for its limestone islands and scenic boat tours. The storm has also disrupted air travel, with several flights diverted or grounded at Noi Bai Airport due to adverse weather. Authorities continue to monitor Storm Wipha, which is expected to ma...
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US Futures Edge Up as Investors Await Earnings and Fed Meeting

 

US stock futures nudged higher today as investors brace for a busy week of corporate earnings and the kickoff of the Federal Reserve’s policy meeting. Futures on the S&P 500, Dow Jones Industrial Average, and Nasdaq 100 all rose by approximately 0.2% in pre-market trading.

This week is pivotal for the markets, with major companies like Microsoft, Apple, Amazon, and Meta set to report their quarterly earnings. Investors are particularly keen to see if the substantial investments in artificial intelligence by these tech giants are beginning to yield returns.

In addition to earnings, the Federal Reserve’s policy meeting, starting today, is in sharp focus. While no change in interest rates is expected, the meeting could lay the groundwork for a potential rate cut in September, following encouraging inflation data from June.

The market’s attention is also on the July jobs report, which will be released later this week. This report, along with the Fed’s decisions and corporate earnings, will be crucial in determining whether the recent stock pullback has ended.

Stay tuned as this week unfolds, bringing significant developments that could shape the market’s direction in the coming months.


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