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Wall Street Edges Higher as Fed Rate Cut Decision Looms

U.S. stock futures were mixed but leaning higher on Monday as investors braced for a pivotal Federal Reserve policy meeting later this week. The Dow Jones Industrial Average futures rose about 0.2%, S&P 500 futures held near flat, and Nasdaq 100 futures dipped slightly after the tech-heavy index notched a fresh record last week. The rally has been fueled by growing expectations that the Fed will cut interest rates on Wednesday, with traders pricing in a 96% chance of a quarter-point reduction and a slim possibility of a larger 50-basis-point move. A cooling labor market — with unemployment at 4.3% and job growth slowing — has strengthened the case for policy easing. Tech stocks remain in focus, with Nvidia sliding over 2% after China’s antitrust regulator said the chipmaker violated competition laws. The news comes amid high-level U.S.-China trade talks in Madrid, adding a layer of geopolitical uncertainty to market sentiment. Despite the cautious tone, optimism around artifici...
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Eastern Bangladesh Struggles Amid Deadly Flooding

 

Floodwaters Devastate Eastern Region Millions of people in eastern Bangladesh are grappling with severe flooding caused by heavy monsoon rains. The situation has led to evacuations, deaths, and widespread displacement.

Stranded and Cut Off The worst-hit districts, including Cumilla, Feni, and Noakhali, have seen power outages and severed road links. Many residents are stranded near their homes, which are inundated with floodwater. Travel and communication between the capital, Dhaka, and the southeastern port city of Chattogram have been disrupted due to waterlogged highways.

Rescue Efforts Underway Rescuers are working tirelessly to reach those in need, but the rising waters from upstream Tripura state have made their task challenging. Volunteers with boats and speedboats are struggling to communicate with affected people, as mobile networks are down in many areas. The military and other authorities have initiated rescue operations.

Blaming India Some in Bangladesh have blamed India for the flash floods, alleging that India opened a river dam in Tripura, causing sudden floods downstream. However, India’s Ministry of External Affairs denies this claim.

In summary, eastern Bangladesh faces a dire situation as floodwaters continue to wreak havoc. Evacuations, rescue efforts, and communication challenges persist, leaving communities in distress.

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