Newsletter Jan 29, 2024

Quick Six

Drone attack kills three US troops; Biden vows revenge
A drone attack on a base in Jordan killed three U.S. troops on Sunday, with President Joe Biden blaming Iran-backed militants and vowing to hold the perpetrators to account. It is the first time U.S. military personnel have been killed by hostile fire in the Middle East since the start of the Israel-Hamas war, and the incident will further raise tensions in the region and fuel fears of a broader conflict directly involving Iran. Hamas said the death of the soldiers shows Washington's backing for Israel could put it at odds with the whole Muslim world if the Gaza war continues.
WHY THE INCIDENT COULD LEAD TO WIDER MIDEAST WAR

Federal Reserve interest rate cut a question of when, not if
The Federal Reserve is expected to start cutting interest rates in the coming months, as inflation edges closer to its long-run target of 2%. What is less clear is when the first of those cuts will come. While the US central bank is almost certain to hold its key lending rate steady at its next rate decision on Wednesday, analysts think it could also drop some more hints about when cuts are coming.
SEE ANALYSTS' BEST PREDICTIONS FOR FED RATE CUTS

How to navigate unemployment anxiety amid tech layoffs
In this difficult time of economic uncertainty and a wave of layoffs across various industries, job security is a big concern on the mental well-being of the professionals. The fear of losing a job has become an inescapable issue, with a recent survey reporting 85% of Americans are concerned about potential job loss in 2024.
HOW TO MANAGE FEAR OF JOB LOSS IN A TIGHT MARKET

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Markets

DJIA	38,109.43	0.16%
S&P 500	4,890.97	-0.07%
Nasdaq Composite	15,455.36	-0.36%
Japan: Nikkei 225	36,095.66	0.96%
UK: FTSE 100	7,635.09	1.40%
Crude Oil Futures	78.50	0.63%
Gold Futures	2,026.20	0.44%
Yen	148.07	-0.06%
Euro	1.08	-0.07%
* As of market close

Fighting rages on in Gaza despite UN ruling

Heavy fighting raged in Gaza Sunday amid a fierce row over the United Nations agency for Palestinian refugees that has called its future into question. UN Secretary-General Antonio Guterres has called on donor states to guarantee the flow of vital aid to Gaza after several halted funding to the agency over Israeli claims that some staff participated in the October 7 attacks. The Israeli army on Sunday said special forces were continuing to engage in "intensive battles" in Gaza, where it said troops eliminated "terrorists and located large quantities of weapons".

HOW THE UN RULING IS IMPACTING FIGHTING ON BOTH SIDES

Macros, Duterte clans rally in Philippines

Supporters of Philippine President Ferdinand Marcos and predecessor Rodrigo Duterte gathered for rival rallies on Sunday, with a battle over the country's constitution highlighting a deepening rift between the powerful clans. In the nearly two years since Marcos swept to victory with the help of his vice presidential running mate Sara Duterte -- the ex-president's daughter -- their so-called "Unity Team" has fractured.

SUPPORTERS OF MARCOS, DUTERTE TAKE TO STREETS IN PI

Sinner comes back to win Aussie Open title

Jannik Sinner stormed back from two sets down on Sunday to beat Daniil Medvedev in a grueling five-set Australian Open final and win his first Grand Slam title. The fourth seed had no answer to the Russian's aggression in the first two sets but dug deep to win 3-6, 3-6, 6-4, 6-4, 6-3 in three hours and 44 minutes. He collapsed to the floor following match point before returning to his feet to savor his moment of victory.

SEE HOW SINNER RALLIED TO BECOME FIRST ITALIAN CHAMP

Extra point

Who has won the most singles championships at the Australian Open?

Friday's answer: The translation for Machu Picchu is "Old Mountain."

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