Author: Press Room

Stocks slid on Friday as higher-than-expected inflation data and mounting fears about artificial intelligence’s economic impact weighed on investors.The S&P 500 fell 30 points, or 0.4%, to close at 6,879, while the Dow Jones Industrial Average tumbled 521 points, or 1.1%. The tech-heavy Nasdaq Composite sank 0.9% on the day.The losses followed the release of the Producer Price Index, which measures price changes before they reach consumers. Inflation at the U.S. wholesale level rose 2.9% in January on an annualized basis, much higher than the 1.6% that economists had expected. The hotter-than-expected reading could persuade the Federal Reserve to hold…

NEW DELHI: An explosion at a firecracker factory in India killed at least 21 people and injured eight others on Saturday (Feb 28), officials told local media.Prime Minister Narendra Modi said in a post on X that he was “pained by the loss of lives” and extended his condolences after the blast in Kakinada, in the southeastern state of Andhra Pradesh.The Press Trust of India news agency quoted state minister Kandula Durgesh as confirming there were 21 deaths, out of around 30 people who were at the factory at the time of the explosion.”Another eight persons are undergoing treatment in…

Interior Ministry official says 66 missiles were fired at Qatar, and there were 114 reports of falling shrapnel. Listen to this article | 3 minsinfoPublished On 28 Feb 202628 Feb 2026Click here to share on social mediashare2Shareplus2googleAdd Al Jazeera on GoogleinfoDoha, Qatar – Eight people have been injured in Qatar after missile shrapnel landed in multiple locations across the country, authorities said, following a barrage of Iranian missiles that Qatar said were intercepted by its air defences.Brigadier Abdullah Khalifa Al-Muftah, the head of public relations at Qatar’s Ministry of Interior, said in a televised address on Saturday that 66 missiles were fired at…

Sen. Tom Cotton, the chairman of the Senate Intelligence Committee, said Saturday that he believes that there could be “weeks, not days, of joint efforts” by the U.S. and its allies in Iran after the massive military mission launched overnight. “We’re probably looking at weeks, not days, of joint efforts by the United States, Israel and our Arab partners, who have also been attacked this morning,” Cotton told CBS News’ Major Garrett. “But the upshot of it will be, after 47 years of waging war against the United States and the civilized world, the ayatollahs are finally going to face justice.” The…

US spot Bitcoin exchange-traded funds (ETFs) have finally snapped a grueling losing streak, but can this return of institutional capital sustain a climb back above $80,000?After visiting multi-week lows near $62,000, the Bitcoin price has staged a robust 8% recovery over the past 48 hours that has been supported by a convergence of macro catalysts and a return of institutional appetite in the form of massive spot ETF inflows.Bitcoin price touched an intraday high above $70,000 during Wednesday’s New York session, marking its strongest performance since early February. The recovery began earlier in the week when market sentiment was bolstered by…

Berkshire Hathaway’s Greg Abel used his first annual shareholder letter as chief executive to reassure investors that the conglomerate’s culture of financial conservatism and disciplined investing established under Warren Buffett will continue “into perpetuity.””I am honored by our Board’s decision to appoint me CEO of Berkshire and humbled to succeed Warren as I write my first annual letter to you,” Abel wrote in the missive to begin the company’s annual report released Saturday along with Berkshire’s quarterly earnings. “Warren is obviously a very hard act to follow.”Abel, 63, signaled continuity rather than change as he takes the reins from the…

NEWYou can now listen to Fox News articles! Women’s tennis legend Martina Navratilova weighed in on the U.S-Israeli strikes against Iran Saturday. Navratilova, a frequent critic of President Donald Trump, labeled him a “psychopath” for the decision to attack Iran in a post on X. “OMG… Trump is a psychopath- he totally doesn’t give a damn how many people he is personally responsible for killing,” Navratilova wrote in response to a post by Rep. Marjorie Taylor Green criticizing Trump for the strike. Navratilova also expressed support for the killing of Iranian Supreme Leader Ali Khamenei in a later post.”That would be good news,”…

Lamine Yamal scored three of Barcelona’s four goals as they beat Villarreal to go four points clear at the top of La Liga

Meanwhile, the Indonesian Chamber of Commerce and Industry (Kadin) said importing completely built-up (CBU) vehicles risks undermining the national automotive manufacturing and weakening industrial supply chains.It also questioned coordination by relevant ministries, while noting that the procurement value is significant. “Importing CBU cars is tantamount to killing the automotive industry,” said Saleh Husin, deputy chairman of Kadin for the industrial sector.Firman Soebagyo, a member of parliament from Golkar party – which is part of Prabowo’s government – said the import move runs counter to the president’s stated goal of strengthening the domestic industry.He also questioned the availability of spare parts and the after-sales support…

Iran has retaliated, firing at Israel, as well as US military assets, in the Middle East.The United States and Israel have attacked Iran, and Tehran has retaliated, firing missiles at Israeli targets and US assets in the region.The attacks come after weeks of Washington’s massive build-up of military assets in the Middle East, as well as indirect talks between the US and Iran over its nuclear programme.So, how dangerous is the situation?Presenter: James BaysGuests:Daniel Levy – president of the US/Middle East Project and a former Israeli negotiatorMehran Kamrava – professor of government at Georgetown University in QatarRichard Weitz – senior…