Skip to main content

Featured

Imran Khan’s Worsening Vision Raises Alarm Over Prison Conditions

                                                      Pakistan's former Prime Minister Imran Khan   Former Pakistani Prime Minister Imran Khan is reportedly suffering a severe decline in his eyesight while serving his prison sentence, with doctors noting an 85% loss of vision in his right eye . His legal team says the deterioration has been gradual but significant, leaving him with only partial sight and increasing difficulty reading or recognizing objects at a distance. Khan, who has been incarcerated since 2023 on corruption-related convictions, has long argued that the charges were politically motivated. His lawyers now claim that inadequate medical attention in prison has contributed to his worsening condition, prompting renewed calls for an independent medical evaluation. The development has intensified concerns amon...

article

                                                

 US stock futures took a sharp dive today as hopes for interest rate cuts in 2025 were dashed. The Dow Jones Industrial Average, S&P 500, and Nasdaq futures all saw significant declines amid rising bond yields and a stronger dollar.

The Dow Jones Industrial Average fell by 0.3%, while S&P 500 futures sank by 0.8%, and Nasdaq 100 futures tumbled by 1.2%. This drop follows a strong jobs report from December, which has led investors to believe that the Federal Reserve will maintain higher interest rates for a longer period.

The 10-year Treasury yield reached a 14-month high, touching close to 4.8%, while the 30-year yield neared 5%. Additionally, the US dollar surged to a two-year high against major currency peers.

Investors are now pricing in no rate cuts until at least September 2025, with only a slight 30 basis point reduction expected for the entire year. This has put a spotlight on the upcoming Consumer Price Index (CPI) report, due on Wednesday, as concerns grow that inflation may not cool to the central bank's 2% target.

Tech giants like Nvidia and Tesla were among the hardest hit, with both companies seeing their stock prices slide amid the market turmoil. The rise in energy prices, following new US sanctions on Russia's crude industry, has also added to the market's woes.

As the market continues to react to these developments, investors are bracing for a potentially rough session ahead.




Comments