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20 Turkish Soldiers Killed in Georgia Military Plane Crash

Members of emergency services work at the site of the Turkish C-130 military cargo plane crash near the Azerbaijani border, in Sighnaghi municipality, Georgia. Turkey’s Ministry of Defense announced that 20 soldiers were killed when a military transport plane crashed in Georgia . The aircraft, a C-130 cargo plane, had departed from Azerbaijan and was en route to Turkey when communication was lost shortly after takeoff. Georgian emergency teams reported that 18 bodies were recovered at the crash site , with search operations continuing to locate the remaining victims. Witnesses shared footage showing the plane breaking apart mid-air before spiraling down into farmland near the Azerbaijani border. This tragedy is Turkey’s deadliest military aviation accident in recent years . Both Turkish and Georgian authorities have launched investigations, and officials confirmed that the aircraft’s black box has been recovered . President Recep Tayyip Erdoğan expressed condolences to the families...
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US Futures Slip Amid Earnings Rush, Fed Teeters

US stocks are expected to open lower today as investors grapple with a mix of earnings reports and uncertainty about Federal Reserve policy. Here are the key points driving the market:

  1. Rate-Cut Speculation: Investors are closely watching the Fed’s stance on interest rates. Federal Reserve policymaker Neel Kashkari’s recent comments suggest that rates will remain at historic highs for some time. This tempered hopes of an earlier easing in policy.

  2. Earnings Reports: Corporate earnings season is in full swing. While tech companies have generally met high expectations, attention is now shifting to other sectors. Notable reports include:

    • Uber: The ride-hailing giant’s bookings metric missed expectations, causing its shares to drop nearly 7% in pre-market trading.
    • Shopify: The e-commerce platform forecasted its slowest quarterly revenue growth in two years, leading to a sharp decline in its stock price.
    • Disney: Although Disney beat earnings estimates, Wall Street was still disappointed. Now, all eyes are on Fox’s earnings report.
    • Reddit (RDDT): The company reported adjusted operating profitability for the first time, with low capital expenditures and accelerating international sales. Reddit’s exec team also engaged with its community during the earnings call.

  3. Meme Stocks: Investors are closely monitoring meme stocks. After-hours updates from AMC Entertainment and Robinhood will be scrutinized for any signs of a Reddit-style surge.

Remember, the stock market is dynamic, and unexpected developments can occur. Stay informed and make investment decisions based on thorough research and analysis.


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