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Ukrainian Strike Hits Major Industrial Facility Deep Inside Russia

  In this photo provided by Ukraine's 65th Mechanized Brigade press service, a local passes by a destroyed apartment building following an Russian air strike in the town of Komyshuvakha in the Zaporizhzhia region of Ukraine, Friday, Feb. 20, 2026.  A long‑range Ukrainian strike has reportedly targeted a significant industrial site far inside Russian territory, marking one of Kyiv’s deepest attacks since the start of the full‑scale invasion. Early reports from regional officials in Russia indicate that the strike caused a fire at the facility, which is believed to play a role in supporting Moscow’s military production. Ukrainian officials have not publicly claimed responsibility, consistent with their policy of strategic ambiguity regarding operations beyond their borders. However, the attack aligns with Kyiv’s stated goal of disrupting Russia’s defense‑industrial capacity, especially as the war enters another year with both sides relying heavily on long‑range drones and prec...
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Trade War Escalation Sends Markets Tumbling

                                            

The stock market faced significant turbulence today as futures for the Dow Jones Industrial Average, S&P 500, and Nasdaq slid sharply. This downturn comes in response to China's retaliatory tariffs against the United States, following President Trump's imposition of hefty duties on Chinese imports. Beijing announced an 84% tariff on U.S. goods, escalating tensions between the world's two largest economies.

Investors are grappling with the potential fallout of this trade war, which has already roiled global markets. The S&P 500 edged closer to bear market territory, while the Nasdaq and Dow futures dropped by over 2%. Oil prices also took a hit, with West Texas Intermediate falling below $55 per barrel.

As the trade conflict intensifies, market participants are closely watching for signs of resolution or further escalation. Treasury Secretary Scott Bessent expressed optimism about potential trade deals, but uncertainty remains high. The Federal Reserve's upcoming minutes and inflation data may provide additional insights into the economic impact of these tariffs.


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