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UK Court Convicts Two Men in Deadly IS-Inspired Plot Against Jewish Community

mar Hussein (left) and Walid Saadaoui (right) have been found guilty of preparing acts of terrorism. Bilel Saadaoui (centre) was found guilty of failing to disclose information about acts of terrorism.  Two men have been found guilty of preparing acts of terrorism in a plot to massacre hundreds of Jews in northwest England. Walid Saadaoui, 38, and Amar Hussein, 52 , were convicted at Preston Crown Court after investigators uncovered their plan to smuggle automatic weapons and ammunition into the UK. Authorities revealed that the men intended to launch a gun rampage targeting mass gatherings of Jewish people. Saadaoui had arranged for four AK-47 rifles, two pistols, and 900 rounds of ammunition to be imported, believing he was working with a fellow extremist. In reality, he was communicating with an undercover operative known as “Farouk,” who exposed the plot. Police described the scheme as potentially “ one of, if not the, deadliest terrorist attacks in UK history .” The convi...
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Wall Street Slips as Inflation Pressures and Weak Consumer Sentiment Weigh on Markets

 

US stocks retreated from record highs on Friday as fresh economic data reignited concerns over inflation and consumer confidence. The Dow Jones Industrial Average fell about 0.3%, the S&P 500 lost 0.8%, and the tech-heavy Nasdaq Composite dropped more than 1.2%, led by a 3% slide in Nvidia shares.

A key Federal Reserve–watched gauge, the core Personal Consumption Expenditures (PCE) index, rose 0.3% in July and 2.9% year-over-year — the fastest annual pace since February and well above the Fed’s 2% target. Meanwhile, the University of Michigan’s consumer sentiment index fell to a three-month low, with respondents expecting higher inflation in the year ahead.

Despite Friday’s pullback, all major indexes were on track for their longest streak of monthly gains in over a year, buoyed by optimism that the Fed could still cut rates in September. Markets will pause for the Labor Day holiday before resuming trading next week.


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