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Market Turmoil: S&P 500 Enters Correction Amid Escalating Trade War

                                                                 The stock market faced a sharp downturn on Thursday, with the S&P 500 officially entering correction territory. The index fell 1.4%, marking a 10% decline from its recent high. The Dow Jones Industrial Average dropped 1.3%, while the tech-heavy Nasdaq plummeted nearly 2%. This market turbulence comes as trade tensions escalate. The European Union's retaliatory tariffs on U.S. goods, including a 50% tax on American whiskey, prompted the U.S. administration to threaten a 200% tariff on European wines and spirits. These developments have left investors on edge, fearing the economic repercussions of a prolonged trade war. Adding to the uncertainty, debates over a stop-gap spending bill to prevent a government shutdown have further ...
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U.S. B-2 Stealth Bombers Strike Houthi Bunkers in Yemen

 

In a significant military operation, U.S. long-range B-2 stealth bombers launched airstrikes targeting underground bunkers used by Yemen’s Houthi rebels. The strikes, which took place early Thursday morning, aimed to destroy five hardened underground weapons storage sites in Houthi-controlled areas of Sanaa and Saada.

U.S. Defense Secretary Lloyd Austin stated that the operation was also intended as an indirect warning to Iran, the main supporter of the Houthi rebels. This escalation comes amid heightened tensions in the region, with the Houthis recently attacking vessels in the Red Sea.

The deployment of B-2 bombers, known for their stealth capabilities and long-range precision, marks a notable escalation in the U.S. military’s involvement in Yemen. The strikes are part of broader efforts to curb the influence of Iran-backed groups in the Middle East.


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