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U.S. Officials Say Iran’s New Supreme Leader Gravely Wounded Amid Escalating Conflict

Protesters hold posters of Iran's late Supreme Leader Ayatollah Ali Khamenei and his son, Iran's new Supreme Leader Mojtaba Khamenei, during a protest marking al-Quds Day (Jerusalem Day), after Friday prayers at Fatih Mosque in Istanbul. U.S. Defense Secretary Pete Hegseth has confirmed that Iran’s newly appointed Supreme Leader, Mojtaba Khamenei , was seriously wounded and likely disfigured during the opening phase of U.S. and Israeli military strikes. Speaking at a Pentagon briefing, Hegseth described Iran’s leadership as “desperate and hiding,” asserting that Khamenei has gone underground following injuries sustained in the attacks.  Reports from multiple outlets indicate that Khamenei has not appeared publicly since the conflict began, fueling speculation about the severity of his condition. Some accounts suggest he may have suffered catastrophic injuries, including the loss of a limb and a possible coma, after an airstrike that also killed members of his family.  U.S....
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Wall Street Recovers: Indices Climb After Recent Tumble

 

In a bid to recover from a recent slump, Wall Street’s stock indexes have seen a modest ascent. The S&P 500 rose by 0.4%, attempting to offset its 0.7% decline from the previous day. Meanwhile, the Dow Jones Industrial Average increased by 76 points, or 0.2%, and the Nasdaq composite improved by 0.5%.

The uplift was partly fueled by GE Aerospace, which soared 6.4% following its split from General Electric’s power and energy business. Cal-Maine Foods also contributed to the positive trend with a 2.6% rise after reporting higher-than-expected profits, thanks to record egg sales.

However, not all news was positive, as Intel faced a 7.6% drop after revealing financial losses in its foundry business.

Investors remain cautious as the Federal Reserve signals potential interest rate cuts, contingent on inflation moving towards their 2% target. Despite recent robust economic reports, Fed Chair Jerome Powell reassured that rate reductions are still on the table for later this year, provided inflation trends downward.

This mixed economic landscape presents a challenging environment for traders, balancing optimism with a watchful eye on the Fed’s next moves.

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