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Tragedy Strikes: Death Toll Rises to Five in Magdeburg Christmas Market Attack

  The death toll from the horrific car attack at the Christmas market in Magdeburg has risen to five, with over 200 people injured. The attack, which occurred on Friday evening, has left the city in mourning and prompted an extensive police operation. Authorities have arrested a 50-year-old Saudi doctor, identified as Taleb A., who has lived in Germany for nearly two decades. The suspect, who is a specialist in psychiatry and psychotherapy, was taken into custody shortly after the incident. German Chancellor Olaf Scholz and Interior Minister Nancy Faeser have both expressed their condolences and assured the public that every effort is being made to support the victims and their families. The attack has shaken the community, especially coming just days before Christmas. Mourners have gathered near the market, leaving candles and flowers in memory of the victims. The suspect has been described as having Islamophobic views, and authorities are investigating his motives. As the investi...
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Dow Jones Industrial Average Closes at Second-Straight Record High as Big Tech Kicks Off Earnings

 

The Dow Jones Industrial Average (DJIA) closed at a second-straight record high on Tuesday, as quarterly earnings from big tech companies were released and economic data showing ongoing labor market strength was digested. The Federal Reserve also kicked off its two-day meeting on Tuesday.

Microsoft, Alphabet, and AMD kicked off the earnings season for big tech with better-than-expected quarterly earnings. The trio’s earnings come just ahead of earnings from Amazon, Apple, and Meta due later this week. Collectively, the market capitalization of Alphabet, Microsoft, Apple, Amazon, and Meta accounted for the bulk of S&P 500’s 24% gain in 2023.

In other tech news, Super Micro Computer rose more than 3% after the data center hardware maker reported second-quarter results that topped Wall Street estimates amid a boost from artificial intelligence-led demand.

General Motors’ stock rose nearly 7% after the auto giant provided investors with an upbeat outlook for 2024 and signaled more capital could be returned to shareholders.

The U.S. Labor Department’s latest Job Openings and Labor Turnover Survey, a measure of labor demand, showed job openings in December climbed to 9.03 million, above economists’ estimates of 8.75 million. The ongoing signs of labor market strength arrived on the heels of data showing consumer confidence jumped to a 2-year high. The duo of reports, signaling economic strength, pushed 2-year Treasury yields higher, as investors bet that the data will likely encourage the Fed to maintain its higher-for-longer rate regime as the central bank kicked off its two-day meeting.


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