4 mass shootings in 6 hours leave 38 wounded, 6 dead across US


BREAKING NEWS BRIEF


4 mass shootings in 6 hours leave 38 wounded, 6 dead across US

Police officers escort a victim (C) after gunfire erupted at a busy entertainment district in Austin, Texas
Image Source: Jessica Moss via Reuters

At least four major U.S. cities were reeling from an onslaught of mass shootings over the weekend that left at least 38 people wounded, six dead and police officials alarmed that the surge in gun violence is a prelude to a bloody summer as the nation emerges from the pandemic.

Police in Austin, Cleveland, Chicago and Savannah were all investigating on Sunday mass shootings that erupted over a six-hour streak that began around 9 p.m. on Friday and spilled over into Saturday morning.

“It’s very disturbing what we’re seeing across the country and the level of gun violence that we’re seeing across the country. It’s disturbing and it’s senseless,” Savannah Police Chief Roy Minter, Jr. said at a weekend news conference after one person was killed and eight others, including an 18-month-old baby and two teenagers, were wounded.

What is known at this time?


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MARKET UPDATE


Treasury yields rise slightly as investors gear up for Fed meeting

Treasury yields rose slightly on Monday morning, with investors gearing up for the Federal Reserve’s two-day policy meeting this week.

The yield on the benchmark 10-year Treasury note rose less than a basis point to 1.464% at 4:15 a.m. ET. The yield on the 30-year Treasury bond climbed to 2.153%. Yields move inversely to prices.

The Federal Open Market Committee is due to meet on Tuesday and Wednesday to discuss policy. Fed Chairman Jerome Powell is then set to hold a press conference following the meeting at 2 p.m. ET on Wednesday.

The Fed is expected to reiterate its commitment to easy monetary policy. However, investors will be watching to see if concerns about inflation will have any effect on its forecasts, particularly given last week’s hotter-than-expected consumer price index reading for May.


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AROUND THE GLOBE


At least 12 were killed in a huge gas explosion in China

A heavily damaged building and piles of debris in the street are seen after a gas explosion in China
Image Source: New York Post

Rescue workers were frantically trying to search for survivors and render aid to hundreds of people after a massive gas explosion rocked the Chinese city of Shiyan. 

At least 12 people were killed in the blast Sunday, while dozens of others were injured. A total of 138 people were rescued as of late Sunday, with 37 of those suffering serious injuries. 

The aftermath of the explosion made portions of Shiyan look like a war zone, as homes were flattened and buildings collapsed or were severely damaged. Piles of debris were strewn about the city as rescue workers continued to work the scene. 

What else do we know about this situation and is the cause of the explosion known yet? 


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CREDIT


A third of Americans found credit report errors. Here’s how to fix them

A woman works at her laptop while her child plays nearby.
Image Source: E+ / Getty Images

Before you take out a mortgage or car loan, check your credit report. It may have a mistake that could cost you.

It’s not as uncommon as you may think. More than one-third of Americans found at least one error on their credit report, according to a new Consumer Reports investigation. Twenty-nine percent of 5,858 volunteers found personal information errors and 11% found account information errors. 

So how do you go about fixing these mistakes before they cost you money?


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Stay Informed, 

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Rex Jackson

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Rex Jackson
Writer & Editor of Brief Updates