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Rio’s Deadliest Police Raid Leaves 132 Dead as Bodies Line the Streets

A mourner leans over a body, the day after a deadly police operation against drug trafficking at the favela do Penha, in Rio de Janeiro. The death toll from a massive police operation in Rio de Janeiro has risen to 132 , making it the deadliest raid in the city’s history. Residents of the Penha and Alemão favela complexes awoke to scenes of horror as dozens of corpses were laid out in the streets by grieving families searching for missing relatives. The raids, part of “Operation Containment,” targeted the powerful Comando Vermelho (Red Command) gang, a criminal faction long associated with drug trafficking and violence in Rio’s northern neighborhoods. More than 2,500 police officers , supported by helicopters and armored vehicles, were deployed in what was described as a meticulously planned crackdown. Officials hailed the operation as a blow to organized crime, but criticism has mounted over the scale of the violence. Human rights advocates and local residents accused police of ca...
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Stock market today: Wall Street edges lower after the Thanksgiving holiday

 


The stock market was mixed on Monday afternoon, with the Dow Jones Industrial Average (DJI) down about 0.3% or almost 100 points, while the benchmark S&P 500 (GSPC) lost 0.07%. The tech-heavy Nasdaq Composite (IXIC) ticked up 0.2% . Despite the mixed trading session, the major indexes remained on track for their best month in over a year, with high optimism for an end to US interest rate hikes and strong Black Friday and Cyber Monday sales boosting the market sentiment .

In other news, the “Magnificent Seven” tech stocks — Apple, Alphabet, Microsoft, Amazon, Meta, Tesla, and Nvidia — make up roughly one-third of the S&P 500’s market cap and are up 80% this year. Their valuations are drawing comparisons to the dot-com bubble in 2000.

Additionally, the cryptocurrency exchange Binance agreed to pay fines and restitution of $4.3 billion and also plead guilty to criminal charges relating to money laundering, conducting an unlicensed money transmitting business, and sanctions violations. The settlement was seen as a positive sign for the crypto industry, as it could bring more regulatory clarity and reduce systemic risk.

Some stocks trending tickers page during morning trading on Monday were Shopify, Amazon, Foot Locker, and Snowflake. Shopify and Amazon rose on strong e-commerce sales, while Foot Locker fell on a downgrade by Citigroup. 





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