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Authorities update death toll after earthquake hits Pakistan
A 5.7 magnitude earthquake has hit Pakistan with several buildings in the region destroyed
Residents have shared photos of damage to their homes, including cracks in walls, after the tremor struck about eight miles from the town of Harnay just after 3am local time on Thursday.
The quake destroyed several houses in the region, with several people reporting to be buried under collapsed buildings, according to local officials.
Power supplies are also reportedly impacted in a number of areas
Suhail Anwar Shaheen, the deputy commissioner of the area, said at least 200 people have been hurt and he expected the death toll to rise as officials search through the remote mountainous area.
The US Geological Survey said the quake had a magnitude of 5.7 and a depth of about 20 kilometre
Authorities in Pakistan have confirmed that at least 20 people have been killed, they are expecting that toll to continue to grow.
“At least 20 people have been killed and we are estimating that about 100 are injured,”
provincial minister Zia Langove
Pakistan is susceptible to earthquakes as it straddles the boundary where the Indian and Eurasian tectonic plates meet.
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Jimmy Kimmel has returned to ABC screens
Jimmy Kimmel returns to screens, acknowledges controversy, receives standing ovation, and addresses divided ABC affiliates. #JimmyKimmel #LateNight #Trump
Jimmy Kimmel returns to screens, acknowledges controversy, receives standing ovation, and addresses divided ABC affiliates. #JimmyKimmel #LateNight #Trump
Jimmy Kimmel has returned to screens after being pulled from the air over remarks linked to the killing of conservative commentator Charlie Kirk. His comeback was met with a standing ovation and chants of his name from the studio audience.
The host acknowledged the controversy, admitting his comments may have been ill-timed, and broke into tears while stressing it was never his intention to make light of the tragedy. He thanked both his supporters and those who defended his right to speak despite disagreeing with him.
Kimmel’s return comes amid disputes between ABC affiliates, with some stations still refusing to air the programme. His comeback has also drawn the attention of Donald Trump, who celebrated the hiatus before the show went live.
#JimmyKimmel #LateNight #Trump #TickerNews
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Tech stocks fall as gold reigns supreme
Markets retreated Monday, with the S&P 500 down 0.6% as tech giants fell and energy stocks gained.
Markets retreated Monday, with the S&P 500 down 0.6% as tech giants fell and energy stocks gained.
– Monday’s market activity declined due to lack of catalysts, with sellers dominating and equities falling.
– The S&P 500 dropped 0.6%, affected by selling pressure in tech and consumer sectors, while energy stocks rose.
A lack of catalysts led to a decline in market activity on Monday, as buyers withdrew and sellers dominated trading. While cash equity volumes remained steady, selling pressure was evident in stocks like Nvidia, Amazon, Meta, Tesla, and Microsoft. The absence of buyers resulted in equities falling under the weight of these selling flows.Markets reacted to comments from Federal Reserve officials, including Chair Jay Powell and Governor Michelle Bowman, but their remarks provided little new information for interest rates. Bowman expressed concerns about the Fed being behind the curve, citing a fragile labour market. Economic indicators such as the core PCE inflation and jobless claims may influence future Fed decisions.
Market Dynamics
The S&P 500 ended the day down 0.6%, reflecting selling dynamics after a flat trading start. The tech and consumer discretionary sectors lagged, while energy stocks gained. Treasury yields decreased, and a solid 2-year Treasury auction occurred with little impact from PMIs. Currency markets showed mixed results, with notable activity in Australian and Latin American forex pairs. In commodities, platinum rose significantly, raising questions about market trends, while gold faced minor profit-taking.
#StockMarket #TechStocks #SP500 #Nvidia #FederalReserve #Investing
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