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Wall Street Futures Stabilize as ADP Jobs Report Signals Private-Sector Growth

  After a turbulent trading session that saw major indexes tumble, U.S. stock futures steadied on Wednesday as investors digested fresh labor market data. The ADP private payrolls report showed an increase of 42,000 jobs in October , marking a rebound from September’s revised decline of 29,000. The report provided a measure of relief to markets rattled by a sharp sell-off in technology stocks earlier in the week. Futures tied to the Dow Jones Industrial Average rose 0.2% , while contracts on the S&P 500 and Nasdaq 100 hovered near flat.  The modest recovery suggests that investors are cautiously reassessing risk after concerns over stretched valuations in AI-driven tech names triggered Tuesday’s downturn. Market watchers note that the ADP data could play a critical role in shaping the Federal Reserve’s policy outlook , especially amid uncertainty caused by the ongoing government shutdown. With official labor statistics delayed, private-sector reports like ADP’s are bei...
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Tragedy Strikes During Hajj Pilgrimage: Over 300 Egyptians Succumb to Heat

 

At least 323 Egyptian pilgrims tragically lost their lives during the annual Hajj pilgrimage in western Saudi Arabia. The majority of these deaths were attributed to heat-related illnesses, according to two Arab diplomats coordinating their countries’ responses.

The Hajj, one of the five pillars of Islam, draws millions of pilgrims from around the world to Mecca. However, this year’s pilgrimage faced extreme temperatures, with the area where rituals are performed experiencing a rise of 0.4 degrees Celsius (0.72 degrees Fahrenheit) per decade due to climate change.

Among the deceased, 60 Jordanian pilgrims also succumbed to the heat. Tragically, many of the Egyptian casualties were unregistered pilgrims attempting to save money by avoiding official visas. These off-the-books pilgrims lacked access to air-conditioned facilities provided by Saudi authorities along the Hajj route.

The total death toll reported by various countries has reached 577, highlighting the severity of this heartbreaking event. Other nations, including Indonesia, Iran, and Senegal, have also reported fatalities during this year’s Hajj pilgrimage.

As we mourn the loss of these lives, it serves as a stark reminder of the challenges posed by climate change and the need for better safety measures during religious pilgrimages.


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