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(VIDEO) How Did El Mencho Die? Mexican Cartel Leader Reportedly Killed in Jalisco Military Raid
MEXICO CITY — Nemesio Rubén Oseguera Cervantes, the longtime leader of the Jalisco New Generation Cartel (CJNG) known as “El Mencho,” was reportedly killed Sunday, February 22, 2026, during a targeted Mexican military operation in the southern part of Jalisco state, according to multiple media outlets.

The 59-year-old Oseguera died from gunshot wounds sustained in a clash with army troops near the rural municipality of Tapalpa, roughly 120 kilometers (75 miles) southwest of Guadalajara. A senior Defense Ministry official confirmed the death to several news organizations, including Reuters, El País and Milenio, stating that Oseguera was fatally wounded during the raid and pronounced dead while being evacuated by helicopter to a hospital in Mexico City. Forensic identification was ongoing as of late Sunday, but authorities expressed high confidence in the identification based on biometric data and intelligence.
The operation unfolded in the early morning hours when special forces units from the Secretariat of National Defense (Sedena) moved on a suspected high-value target compound in a mountainous area known as a CJNG stronghold. Government sources described the raid as intelligence-driven, aimed at capturing Oseguera, who had evaded authorities for more than a decade. When troops made contact, a firefight erupted. Oseguera was struck multiple times and succumbed to his injuries during medical evacuation. Several of his bodyguards and associates were also killed or wounded in the exchange.
Mexican President Claudia Sheinbaum’s administration has not yet issued an official public statement, but the Defense Ministry is expected to provide details in a formal briefing. Governor Pablo Lemus Navarro of Jalisco posted on social media Sunday afternoon urging residents in southern Jalisco to remain indoors due to “ongoing security operations,” a sign of the scale of the military deployment.
The killing triggered immediate retaliatory violence. Suspected CJNG members set up dozens of roadblocks using burning vehicles in Guadalajara, Puerto Vallarta, Colima and parts of Michoacán. Airports in Guadalajara and Puerto Vallarta reported disruptions, with armed groups blocking access roads. The U.S. Embassy in Mexico issued a shelter-in-place alert for American citizens in Jalisco and neighboring states, warning of potential reprisals and urging caution.
Oseguera had been one of the world’s most wanted fugitives, with the U.S. State Department offering a $15 million reward for information leading to his arrest or conviction — one of the highest bounties ever placed on a drug trafficker. Mexico offered 300 million pesos (approximately $15 million). He faced U.S. indictments for drug trafficking, money laundering and murder conspiracy, accused of overseeing the CJNG’s role in flooding the United States with fentanyl and methamphetamine.
The CJNG, which Oseguera co-founded in 2010 after splintering from the Milenio Cartel, grew into Mexico’s most powerful criminal organization through extreme violence, corruption and control of key Pacific ports such as Manzanillo. Under his leadership, the cartel pioneered large-scale fentanyl production using Chinese precursor chemicals and employed public executions, vehicle bombings and attacks on security forces to assert dominance.
His death represents the most significant cartel-leader takedown since Joaquín “El Chapo” Guzmán’s recapture in 2016. However, experts caution that the CJNG’s decentralized structure and deep infiltration of local governments mean the organization is unlikely to collapse. Potential successors — including family members and top lieutenants — could trigger internal power struggles, potentially escalating violence in Jalisco, Michoacán, Guanajuato and Colima.
The operation aligns with President Sheinbaum’s strategy of intelligence-led, precision strikes rather than large-scale confrontations. It also comes amid intense U.S. pressure to curb fentanyl flows, including threats of military action inside Mexico and the designation of several cartels as foreign terrorist organizations by the Trump administration.
Oseguera’s low-profile lifestyle — rarely photographed, communicating through encrypted channels and moving between remote mountain hideouts — made him exceptionally difficult to locate. His nickname “Mencho” originated from “menchito” (little mango), a childhood moniker. He reportedly maintained a tight circle of loyal sicarios and relied on corruption to protect his movements.
If the government’s account holds, the raid succeeded where years of manhunts failed. The immediate aftermath — widespread roadblocks, airport chaos and shelter advisories — underscores the CJNG’s capacity for rapid, coordinated retaliation.
Security analysts expect heightened violence in western Mexico in the coming days as factions position for control. The killing of El Mencho marks a pivotal moment in Mexico’s long struggle against drug cartels — a major symbolic and operational victory that may disrupt supply chains but is unlikely to end the underlying criminal ecosystem.
Business
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Business
US economic growth revised lower in final fourth quarter reading
The Acquirers Funds founder and managing director Tobias Carlisle discusses retail sales on Making Money.
This story about the fourth-quarter GDP report is developing and will be updated with more details.
The U.S. economy grew at a slightly slower pace than expected in the fourth quarter, according to the Commerce Department’s estimate.
The Bureau of Economic Analysis (BEA) on Thursday released its final reading of fourth-quarter GDP, which showed the economy grew at an annualized rate of 0.5% in the three-month period including October, November and December.

Shipping containers are organized at the Houston Port of Authority on Feb. 10, 2025 in Houston, Texas. (Brandon Bell/Getty Images)
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That figure was lower than the expectations of economists polled by LSEG, who had estimated 0.7% GDP growth in the fourth quarter.
Business
Coffee and ground beef prices surge most in 2 years, report finds
Federal Reserve Bank of New York President John Williams discusses market impacts of the Iran War, inflation outlook and more on ‘The Claman Countdown.’
Americans are facing a tale of two grocery lists.
While some prices are cooling, the items families rely on most for energy and nutrition — meat and coffee — are seeing sharp increases that wipe out any savings in the bread aisle.
Fourteen of the 25 most common grocery store staples rose in price from February 2024 to February 2026, with the top five largest increases coming from coffee (+55%), lettuce (+39%), ground beef (+31%), sirloin steak (+21%) and orange juice (+15%), according to a new report from CouponFollow that analyzed Consumer Price Index (CPI) data from the past two years.
Coffee was the fastest-rising staple in the study, with a pound of ground roast costing $6.09 in 2024 compared to $9.46 in 2026. Going back to 2020, coffee prices have reportedly increased 123%.
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Ground beef has hit $6.74 per pound, a 31% increase from 2024 and 74% above pre-pandemic levels.

Customers shop for beef at a grocery store on April 6, 2026, in Los Angeles, California. (Getty Images)
With ground beef prices in mind, CouponFollow ran a “taco night test,” tracking specific meal scenarios to show how inflation affects consumers. A family of four is paying nearly $25 just for basic taco ingredients, compared to just $17.50 six years ago.
If you can live on eggs and toast, your bill might be lower than it was two years ago, with egg prices decreasing the most (-17%), followed by white bread (-8%), spaghetti (-8%) and butter (-7%).
Still, the report warns that “the items still climbing are rising fast enough to offset those declines.”
‘The Big Money Show’ discusses the growing trend of young adults getting financial help from their parents.
“Grocery inflation isn’t going away overnight, but small changes to how and where you shop can add up fast. Paying attention to which categories are rising and which are cooling, stocking up on pantry staples when prices dip, and being flexible with pricier proteins are all easy ways to stretch your grocery budget a little further,” CouponFollow notes. “Stacking those habits with coupons and deals can make an even bigger dent in your weekly bill.”
Economic experts have also recently cautioned that high oil prices due to the Iran war are pushing gasoline prices higher, and that could lead to grocery bills rising for American consumers.
The increase in oil, gas and diesel prices raises transportation costs for businesses, including grocery stores, which may face pressure to raise food prices and other items if the situation continues.
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Federal Reserve Board Gov. Michelle Bowman discusses where interest rates are going and the job market performance on ‘Maria Bartiromo’s Wall Street.’
“Every time something moves in the economy, it will cost more,” said Derek Reisfield, co-founder of MarketWatch and a former McKinsey consultant. “Someone, usually the end consumer, will have to pay for that.”
Gregory Daco, chief economist at EY-Parthenon, previously told FOX Business: “For U.S. consumers, what this means is that while there is currently a price shock at the pump being felt directly by consumers, there’s still uncertainty as to how long this shock will last.”
FOX Business’ Eric Revell contributed to this report.
Business
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Rainbow Rare Earths Limited 2026 Q2 – Results – Earnings Call Presentation (OTCMKTS:RBWRF) 2026-04-09
Seeking Alpha’s transcripts team is responsible for the development of all of our transcript-related projects. We currently publish thousands of quarterly earnings calls per quarter on our site and are continuing to grow and expand our coverage. The purpose of this profile is to allow us to share with our readers new transcript-related developments. Thanks, SA Transcripts Team
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Epam Systems stock hits 52-week low at $125.53

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BlackBerry earnings up next: All eyes on FY27 revenue outlook

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