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The series of powerful earthquakes that struck Venezuela on Wednesday could cause economic losses equal to as much as 7 percent of the country’s gross domestic product (GDP), according to preliminary estimates from the United States Geological Survey.Initial assessments released on Thursday estimate that the damage could amount to between 1 and 7 percent of Venezuela’s $111bn GDP after twin earthquakes measuring 7.2 and 7.5 struck about 160 kilometres (100 miles) west of the capital, Caracas, on Wednesday afternoon, leaving at least 188 dead.Recommended Stories list of 4 itemsend of listInterim President Delcy Rodriguez has said that there will be…

The Nasdaq Composite fell on Thursday as investors rotated out of major technology stocks, even after a strong earnings report from Micron Technology. The Dow Jones Industrial Average, meanwhile, hit a new intraday record, supported by gains in non-tech sectors.The Nasdaq declined 0.46%, while the S&P 500 hovered near the flatline. The Dow rose 72 points, or 0.1%, with healthcare, financials and industrials driving gains. Johnson & Johnson and JPMorgan Chase advanced more than 1% and 2%, respectively, while Caterpillar jumped 5%.Big Tech declines weigh on NasdaqTechnology stocks led the broader weakness. Apple fell 5% after announcing price increases on…

Portuguese soccer superstar Cristiano Ronaldo made history on Tuesday, not just as the first person to score in six World Cup tournaments, but also as the centerpiece of an unforgettable experience for Mark Garcia, a Portugal fan and one of hundreds of veterans receiving free tickets to World Cup matches. “The game yesterday was amazing, pretty much, more than anybody can describe into words how amazing it was and how important it was to me,” Garcia told CBS News on Wednesday. Garcia and his wife attended the match between Portugal and Uzbekistan after entering a lottery on Vet Tix, a nonprofit that provides…

NEWYou can now listen to Fox News articles! The WNBA reviewed the Caitlin Clark-Alyssa Thomas incident from Wednesday night.The league apparently didn’t like what it saw.Phoenix Mercury forward Alyssa Thomas received a Flagrant Foul 2 penalty and a one-game suspension after the league reviewed her contact with Clark during the Mercury’s 111-109 win over the Indiana Fever at Gainbridge Fieldhouse. Phoenix Mercury forward Alyssa Thomas received a one-game suspension after driving her fist into the throat of Indiana Fever guard Caitlin Clark during the June 24 game. (USA TODAY Network via Reuters Connect)The WNBA announced Thursday that Thomas was punished…

NEWYou can now listen to Fox News articles! Alex Murdaugh’s lawyers say prosecutors are trying to turn his next courtroom appearance into a spectacle.The convicted former Lowcountry lawyer had asked to appear unshackled and in civilian clothes at trial and in televised pretrial hearings as he awaits a new murder trial in the killings of his wife, Maggie, and son, Paul.But after prosecutors accused him of seeking special treatment, Murdaugh’s defense team withdrew the request, saying they would not waste court time arguing over “the optics” of a status conference.”If the State wants to use that for a public spectacle,…

As rescue crews search for survivors following two powerful earthquakes in Venezuela overnight on Wednesday, members of Canada’s Venezuelan community say they’re relieved loved ones are safe, but worried about what comes next. At least 188 people have died and hundreds more have been injured after 7.2 and 7.5 magnitude earthquakes struck parts of the country, causing widespread damage in some of the most densely populated areas.Luis Hernandez, owner of a Venezuelan café called Pomarosa in Toronto, said his first concern was reaching family members back home.“It was a big surprise. I was very concerned because I have family living…

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Two Federal Reserve officials on Thursday indicated some optimism on inflation, though neither indicated a likelihood that interest rates will change anytime soon.Chicago Federal Reserve President Austan Goolsbee said Thursday that inflation is still trending the wrong way though there has been a few bright spots. A little later in the afternoon, New York Fed President John Williams said he expects inflation readings to start trending lower.In a live CNBC interview from his home district, Goolsbee declined to speculate on where he thinks interest rates are headed. However, he said he remains squarely focused on inflation, in remarks that reflected…

The US secretary of state tells Gulf Cooperation Council (GCC) states that the Iran deal will ensure their security.United States Secretary of State Marco Rubio has been holding talks in the Gulf.He wants to reassure US allies in the region that Washington will prioritise their security in the wake of an agreement to end the US-Israel war on Iran.Recommended Stories list of 3 itemsend of listWhile meeting Gulf Cooperation Council (GCC) officials in Manama, Bahrain, Rubio said the US wants a permanent deal with Tehran – but not at any price. He also insisted Iran should not charge for ships…

NEWYou can now listen to Fox News articles! Rep. Alexandria Ocasio-Cortez, D-N.Y., declined to rule out a future Senate campaign after a trio of far-left candidates won New York’s primary elections Tuesday, saying the results left her “inspired and encouraged.””I’m sorry I’m not going to be breaking any news here as I consider what’s going to happen in the future,” Ocasio-Cortez told Fox News Digital when asked whether the election results made her more inclined to run for Senate.”But I’m definitely inspired and encouraged by all the new faces that we’re going to be sending to the states and to…