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Tragedy Strikes at Turkish Ski Resort: 66 Dead, 51 Injured in Hotel Fire

A devastating fire engulfed the Grand Kartal Hotel at the popular Kartalkaya ski resort in northwestern Turkey early Tuesday morning, claiming at least 66 lives and injuring 51 others. The fire, which broke out around 3:30 a.m. local time in the hotel's restaurant section, spread rapidly, trapping guests on the upper floors. Guests, many of whom were families on holiday during the school semester break, faced harrowing conditions as they tried to escape the flames. Some resorted to jumping from windows in a desperate attempt to flee the blaze, while others used sheets and blankets to climb down from their rooms. The hotel's fire detection system reportedly failed to operate, adding to the chaos and confusion. Emergency services, including 30 fire trucks and 28 ambulances, were dispatched to the scene, but the fire's intensity and the hotel's chalet-style wooden exterior hampered firefighting efforts. The Turkish government has launched an investigation into the incident...
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US Stock Market Awaits Fed Decision Amidst Earnings Anticipation


As the US stock market approaches a pivotal moment, investors hold their breath in anticipation of the Federal Reserve’s rate decision and Amazon’s upcoming earnings report. The pause in US futures signals a cautious stance before these significant events, potentially marking the end of a five-month winning streak.

Key Takeaways:

  • Fed’s Rate Decision: Investors expect the Federal Reserve to maintain interest rates at high levels, with the two-day meeting commencing today.
  • Amazon’s Earnings: The market eagerly awaits Amazon’s results, which could influence the direction of a Big Tech-driven rally.
  • Market Performance: April has been tough for stocks, with major indexes likely to report monthly losses despite recent recovery attempts.
  • Price Hikes Impact: Companies like Coca-Cola and Molson Coors report strong quarters, attributing success to effective price increases amidst inflation concerns.

This brief pause reflects the market’s uncertainty and the high stakes involved in the upcoming announcements, which could set the tone for future market trends.

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