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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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Trump Administration Plans Major Immigration Raid in Chicago

The incoming U.S. presidential administration under Donald Trump is set to launch a significant immigration raid in Chicago the day after he takes office, according to a report by the Wall Street Journal. The operation, expected to commence on Tuesday, will involve between 100 and 200 officers from the U.S. Immigration and Customs Enforcement (ICE) and is anticipated to last all week.

Trump's transition team has not yet responded to requests for comment. However, Tom Homan, the incoming border czar, stated at an event in Chicago that the administration would begin its efforts in the city. He warned that if the Chicago mayor does not cooperate, he could face prosecution for harboring or concealing illegal aliens.

Immigration was a central theme of Trump's campaign, and he has promised to initiate the largest domestic deportation operation in American history immediately after his inauguration. The administration plans to mobilize various government agencies to support this effort and pressure sanctuary jurisdictions to comply.


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