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Syria's Deadliest Days: Over 1,000 Killed in Clashes and Revenge Killings

In a tragic escalation of violence, over 1,000 people have lost their lives in Syria during two days of intense clashes and revenge killings. The conflict erupted between Syrian security forces and loyalists of ousted President Bashar al-Assad, with sectarian violence targeting the Alawite community, a key support base of the former regime. The Britain-based Syrian Observatory for Human Rights reported that the death toll includes 745 civilians, 125 government security personnel, and 148 militants. The violence has left areas like Latakia without electricity and water, further deepening the humanitarian crisis. The revenge killings, primarily carried out by Sunni Muslim gunmen, have devastated Alawite villages, with reports of targeted shootings, looting, and arson. Thousands have fled to the mountains seeking safety, while bodies remain unburied in the streets of towns like Baniyas. This marks one of the deadliest episodes in Syria's 14-year conflict, raising fears of further inst...
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US Markets Slip as Earnings Pour In Ahead of Fed Rate Decision

 

Wall Street limped early Tuesday with corporate earnings rolling in and the Federal Reserve’s next interest rate decision imminent. 

Futures for the S&P 500 and futures for the Dow Jones industrials each slipped less than 0.2% before the bell. UPS tumbled more than 7% after the package delivery company unexpectedly dialed back expectations for the year. General Motors climbed nearly 8% as the automaker’s profit and sales rose by double-digit percentages last year. Microsoft, Google and Starbucks report their latest financial results after the bell Tuesday. Also Tuesday, the US reports on job openings for November and the Conference Board releases consumer confidence data for January. 

On Wednesday, the Federal Reserve will make its next decision on what to do with interest rates. Most expect the Fed will no make any changes, but there is hope that it may cut rates in March. That would be the first downward move since the Fed began dramatically raising interest rates two years ago to get inflation under control. 

There is a lot of evidence suggesting that the Fed may be able to pull off a so-called economic “soft landing” after a period of accelerated inflation. The Federal Reserve’s preferred inflation gauge cooled further last month even as the economy kept growing briskly, a trend sure to be welcomed at the White House as President Joe Biden seeks re-election in a race that could pivot on his economic stewardship. On Friday, the U.S. government will release its monthly jobs report. Economists expect continued growth in hiring, but at a cooler pace. That’s exactly what the Fed wants to see after surging U.S. growth contributed to rising prices.


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