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Ukraine Conducts Significant Drone Assault on Russian Military Airbase Amid Continued Offensive

Ukraine Conducts Significant Drone Assault on Russian Military Airbase Amid Continued Offensive

On Thursday, Ukrainian drones attacked a key military air base in Russia’s Lipetsk region, located about 300 kilometers from the border with Ukraine. The aggressive maneuver is part of Kiev’s sustained offensive efforts and has caused significant disruption at the site. The Ukrainian General Staff reported via a Telegram post that the strike targeted the Lipetsk airport, hitting warehouses and various facilities in the vicinity of the airport. This led to multiple ignitions and a substantial fire, along with several explosions. The Lipetsk base is known to host Su-34, Su-35 and MiG-31 aircraft. After the attack, Lipetsk Governor Igor Artamonov…
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Diverse returns in Asian markets amid stagnant U.S. stock markets and major economic updates

Diverse returns in Asian markets amid stagnant U.S. stock markets and major economic updates

Asia-Pacific stock markets were mixed on Thursday as major US stock indices fell on reflection of fresh trade data from Japan and an upcoming interest rate decision by the Reserve Bank of India. The U.S. stock market witnessed declines on Wednesday with the Dow Jones Industrial Average down 0.60%, the S&P 500 down 0.77% and the Nasdaq Composite down 1.05% despite early gains. This shift came as Nvidia, among other major technology companies, saw a downturn. Earlier in the week, global financial markets had already faced pressure from an interest rate hike by the Bank of Japan, the highest since…
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10-year Treasury yields fall as investors await crucial jobs data

10-year Treasury yields fall as investors await crucial jobs data

The momentum in U.S. Treasury yields faded on Thursday, as global stocks cooled and expectations for upcoming economic indicators increased. The 10-year Treasury note yield fell 4.8 basis points to 3.92% early Thursday morning. This marked a slight recovery from the lowest point since June 2023, seen earlier in the week. Meanwhile, the 2-year Treasury note also fell, falling about 4 basis points to 3.959%. The inverse relationship between yields and bond prices continues, with a single basis point representing a 0.01% change. Global stock markets appeared to be lingering in a cautious state, following a broad-based decline earlier in…
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Emergency evacuations and state of emergency in Kursk after Ukrainian raid

Emergency evacuations and state of emergency in Kursk after Ukrainian raid

In response to a recent Ukrainian military action near its border, Russia has evacuated more than 3,000 citizens and declared a state of emergency in the Kursk region starting in early August 2024. The Russian Defense Ministry has released footage showing a retaliatory missile strike targeting Ukrainian military assets nearby. Local officials said the evacuation followed a significant military engagement initiated by Ukraine, marking a major escalation in the region. The ongoing operations in Kursk have caused heavy losses for Ukraine, including 660 soldiers and several armored units, according to a statement from the Russian Defense Ministry on Thursday. The…
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Stock futures ascend as Wall Street breaks losing streak: continuous coverage

Stock futures ascend as Wall Street breaks losing streak: continuous coverage

Stock futures were up on Tuesday evening, signaling a recovery after Wall Street's recent three-day slide was halted. S&P 500 futures rose 0.6%, with Nasdaq 100 futures up 0.9%. Meanwhile, Dow Jones Industrial Average futures rose 215 points, or about 0.55%. Post-market trading saw a significant decline in Super Microcomputer shares, which fell more than 13% despite beating fiscal fourth-quarter earnings expectations. In contrast, Airbnb shares fell 16% due to disappointing performance in its second-quarter financial results. During regular trading hours on Tuesday, major indexes pared a series of losses, each with notable gains. The S&P 500 and Nasdaq Composite…
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Harris and Walz kick off campaign, directly targeting Trump’s record

Harris and Walz kick off campaign, directly targeting Trump’s record

At their joint inaugural rally in Philadelphia, Vice President Kamala Harris, now a presidential candidate, and her chosen candidate, Minnesota Gov. Tim Walz, addressed a large crowd. Walz expressed his excitement about their partnership to more than 12,000 attendees, according to Harris' campaign team. "It's a privilege to join this dynamic slate," he noted, bringing a wave of excitement to the gathering. In her speech, Harris emphasized her search for a vice president who embodies a vision of a hopeful future, ultimately choosing Governor Walz for his leadership qualities and Minnesota roots. Despite his initial obscurity on the national stage,…
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