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Fifteen Lives Lost in Tragic Boat Collision Off Chios

Greek emergency personnel wait to transfer bodies of dead migrants, following migrant’s boat collision with coast guard off the island of Chios, in the port of Chios, Greece, February 3, 2026. A deadly maritime collision near the Greek island of Chios has left fifteen migrants dead and prompted urgent questions about how the incident unfolded. According to early reports, a migrant vessel carrying dozens of people struck a Hellenic Coast Guard patrol boat during the night, causing the smaller craft to overturn. Rescue teams recovered multiple bodies from the water while continuing to search the surrounding area for any additional survivors. Twenty‑five people were pulled from the sea alive, several of whom were transported to local hospitals for treatment. Authorities have opened an investigation to determine the sequence of events leading up to the crash, including the movements of both vessels and the conditions at the time. The tragedy adds to the growing concerns over the dangers...
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Stock Market Today: Dow Extends Slide as Lackluster Earnings and Rate Fears Weigh on Investors’ Spirits

 

US stocks faced further losses on Thursday, with lingering concerns about higher-for-longer interest rates and a Salesforce sell-off dampening investor spirits. Here are the key points from today’s market:

  1. Dow Jones Industrial Average (DJI): The Dow sank as much as 1%, shedding roughly 380 points, following Wednesday’s stock market slide. The tech-heavy Nasdaq Composite (IXIC) dropped about 0.6%, while the broader S&P 500 (GSPC) fell 0.5%.

  2. Interest Rate Worries: Renewed gloom about the odds for rate cuts contributed to the stock market decline. Data showed less cooling in inflation than the Federal Reserve desires, driving US bond yields to their highest levels since early May. The benchmark 10-year Treasury yield hovered around 4.6%.

  3. Salesforce Results: Salesforce (CRM) reported that sales growth would stall to the slowest rate in its history, causing its shares to slide 15%. This sparked concerns about likely losers in the AI boom.

  4. US Economic Growth: The Bureau of Economic Analysis revised the first-quarter US gross domestic product (GDP) growth rate to 1.3%, down from the initial reading of 1.6% in April.

  5. Retail Earnings: Retailers Kohl’s (KSS) and Best Buy (BBY) provided clues to consumer resilience and economic health. Kohl’s shares cratered after a surprise quarterly loss and a cut to its annual sales forecast, while Best Buy posted a bigger drop in comparable sales than expected.

Despite these challenges, investors remain watchful for any signs of economic recovery and potential market shifts. 



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