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🚨 disaster

Brooklyn building collapse kills at least two, others trapped in rubble

a group of people standing next to a collapsed building
Photo by mohammed al bardawil on Unsplash

A three-story building in Brooklyn collapsed on Wednesday at the edge of a construction site, killing at least two people and trapping others under the wreckage. Firefighters were called to the Flatbush section at about 4pm and dug through the debris. Four people are in critical condition in hospital. News helicopter footage showed dozens of firefighters searching the rubble, with one group appearing to use a saw to cut through the wreckage.

📊 What it means for markets

Local disasters like this usually have little direct effect on major markets. Any financial impact tends to be limited to nearby construction or insurance-related firms, while gold, oil, USD, EUR, stock and crypto prices are typically unaffected.

Source: The Guardian

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