IBOV 171,006.10 ▼ 2.68% IPC MEX 68,960.68 ▼ 1.08% MERVAL 2,848,945 — — USD/BRL5.35▼ 0.07% USD/MXN18.69▲ 0.30% USD/CLP987.40▲ 0.29% USD/COP3,162▲ 0.39% USD/PEN3.45▼ 0.07% USD/ARS1,542▼ 0.02% USD/UYU40.21▲ 3.60% USD/PYG5,818▲ 3.40% USD/BOB11.92▲ 3.40% USD/DOP60.90▲ 1.33% USD/CRC451.45▲ 2.55% USD/GTQ7.64▲ 3.31% USD/HNL26.87▲ 0.25% USD/NIO36.62▼ 0.02% USD/VES886.67▼ 0.13% USD/PAB1.00— 0.00% USD/BZD2.00— 0.00% USD/JMD157.89▲ 2.49% USD/TTD6.75▲ 2.73% EUR/BRL5.96▲ 0.10% BRENT 109.58 ▼ 5.38% WTI 100.12 ▼ 1.61% IRON ORE 161.91 — — COPPER 6.65 ▲ 2.24% GOLD 4,073 ▲ 0.85% SILVER 54.49 ▲ 0.70% SOY 1,250 ▲ 0.70% CORN 450.25 ▼ 1.04% WHEAT 614.75 ▼ 0.20% COFFEE 294.35 ▼ 2.19% SUGAR 19.26 ▲ 0.84% ORANGE JUICE 143.20 ▲ 5.45% COTTON 77.90 ▼ 1.47% COCOA 5,581 ▲ 1.66% BEEF 230.73 ▲ 0.33% CATTLE 346.40 ▼ 1.00% LITHIUM 62.43 ▲ 1.89% PETR4 53.31 ▼ 1.06% VALE3 62.88 ▼ 2.33% ITUB4 41.42 ▼ 0.67% BBDC4 15.69 ▼ 1.63% ABEV3 15.40 ▲ 0.20% BBAS3 17.59 ▲ 0.69% B3SA3 15.27 ▲ 1.33% WEGE3 45.78 ▲ 2.81% PRIO3 69.21 ▼ 2.71% SUZB3 47.14 ▼ 0.55% RENT3 31.14 ▼ 1.67% AZZA3 16.72 ▲ 1.15% CSAN3 2.69 ▼ 2.89% RAIZ4 0.34 — 0.00% PCAR3 2.22 ▼ 3.48% GMAT3 3.74 ▲ 2.19% PSSA3 47.75 ▼ 0.89% CVCB3 0.98 — 0.00% POSI3 3.56 ▼ 0.84% SLCE3 16.97 ▼ 2.75% NATU3 5.68 ▼ 3.89% BRKM5 3.80 ▲ 19.50% RANI3 7.34 ▼ 0.54% CSNA3 4.76 ▼ 4.99% IBOV 171,006.10 ▼ 2.68% IPC MEX 68,960.68 ▼ 1.08% MERVAL 2,848,945 — — USD/BRL 5.34 ▼ 1.32% USD/MXN 18.69 ▲ 0.62% USD/CLP 983.47 ▼ 0.57% USD/COP 3,149 ▲ 3.06% USD/PEN 3.45 ▲ 0.17% USD/ARS 1,537 ▼ 0.28% USD/UYU 40.21 ▲ 3.57% USD/PYG 5,803 ▲ 3.78% USD/BOB 11.97 ▲ 4.93% USD/DOP 60.54 ▲ 1.83% USD/CRC 451.24 ▲ 2.13% USD/GTQ 7.64 ▲ 3.23% USD/HNL 26.87 ▲ 3.37% USD/NIO 36.62 ▲ 2.81% USD/VES 885.08 ▼ 0.13% USD/PAB 1.00 — 0.00% USD/BZD 2.00 — 0.00% USD/JMD 157.69 ▲ 2.63% USD/TTD 6.71 ▲ 2.07% EUR/BRL 5.95 ▲ 7.53% BRENT 109.58 ▼ 5.38% WTI 100.12 ▼ 1.61% IRON ORE 161.91 — — COPPER 6.65 ▲ 2.24% GOLD 4,073 ▲ 0.85% SILVER 54.49 ▲ 0.70% SOY 1,250 ▲ 0.70% CORN 450.25 ▼ 1.04% WHEAT 614.75 ▼ 0.20% COFFEE 294.35 ▼ 2.19% SUGAR 19.26 ▲ 0.84% ORANGE JUICE 143.20 ▲ 5.45% COTTON 77.90 ▼ 1.47% COCOA 5,581 ▲ 1.66% BEEF 230.73 ▲ 0.33% CATTLE 346.40 ▼ 1.00% LITHIUM 62.43 ▲ 1.89% PETR4 53.31 ▼ 1.06% VALE3 62.88 ▼ 2.33% ITUB4 41.42 ▼ 0.67% BBDC4 15.69 ▼ 1.63% ABEV3 15.40 ▲ 0.20% BBAS3 17.59 ▲ 0.69% B3SA3 15.27 ▲ 1.33% WEGE3 45.78 ▲ 2.81% PRIO3 69.21 ▼ 2.71% SUZB3 47.14 ▼ 0.55% RENT3 31.14 ▼ 1.67% AZZA3 16.72 ▲ 1.15% CSAN3 2.69 ▼ 2.89% RAIZ4 0.34 — 0.00% PCAR3 2.22 ▼ 3.48% GMAT3 3.74 ▲ 2.19% PSSA3 47.75 ▼ 0.89% CVCB3 0.98 — 0.00% POSI3 3.56 ▼ 0.84% SLCE3 16.97 ▼ 2.75% NATU3 5.68 ▼ 3.89% BRKM5 3.80 ▲ 19.50% RANI3 7.34 ▼ 0.54% CSNA3 4.76 ▼ 4.99%
since 2009
Thursday, October 29, 2026

Mexico Latin America

The Big Read: Mexico, Thursday 29 October

By · October 29, 2026 · 4 min read
Mexican Navy pickup truck carrying three armed marines in camouflage on a road in Mexico
A Mexican Navy (Marina) pickup carrying marines, file photo from 2023. (Photo: Oleg Yunakov, CC BY-SA 4.0, via Wikimedia Commons)
The Big Read · Mexico · Thursday 29 October 2026

Key Facts

  • Reported killing. Officials provisionally named Jesús ‘Chuy’ González Peñuelas among two men the Navy killed in Sinaloa on 26 October.
  • US reward. The US State Department offered up to US$5 million for information leading to his arrest or conviction.
  • Los Cabos rain. Heavy rain flooded Cabo San Lucas, a Baja California Sur resort town, on Tuesday night, 27 October.
  • Schools shut. Classes were suspended in Los Cabos on Wednesday 28 October.
  • Revenue law. Mexico’s Senate passed the 2027 revenue law on Tuesday 27 October, planning income of about US$570 billion.
  • Power Index. Mexico ranks 2nd of 14 in The Rio Times Latin America Power Index, with 71.4 points (October 2026 edition).

Mexico’s Navy reportedly killed a cartel operator wanted by the United States, while rain flooded a Pacific resort district and the Senate approved next year’s budget income.

In Plain English

  • Semar: Mexico’s Navy, which also conducts land operations against organised crime.
  • Guasave Cartel: A drug group in Sinaloa state, tied to the wider Sinaloa Cartel.
  • Revenue law: Mexico’s annual law setting how much money the federal government plans to raise.

Navy Operation Reportedly Kills Wanted Fugitive

Mexican naval forces killed two men in Guasave, a municipality in the northwestern state of Sinaloa, on Monday 26 October. Security Secretary Omar García Harfuch, the federal minister in charge of policing, said on Wednesday 28 October that one man was provisionally identified as Jesús González Peñuelas, alias Chuy Peñuelas.

The US State Department had offered up to US$5 million for information leading to his arrest or conviction. He was described as a senior operator of the Guasave Cartel, a drug group in Sinaloa, tied to Fausto Isidro Meza Flores, a crime boss known as El Chapo Isidro.

Press reports say the pursuit began near Alfredo V. Bonfil, a rural community in Guasave. Forces seized four vehicles reported stolen.

The second dead man was not officially identified. We found no published DNA or fingerprint results confirming either man’s identity.

Los Cabos Hit by Severe Flooding

Heavy rain flooded Cabo San Lucas in Los Cabos, a resort area at the southern tip of Baja California Sur, on Tuesday night 27 October. Tropical Storm Vance was moving off Mexico’s Pacific coast at the time.

Water and mud swept through arroyos, normally dry creek beds, and low crossings, stranding vehicles. At the Cabo San Lucas marina, a man was nearly carried toward the sea.

Municipal civil protection, the local disaster agency, ran an operation to keep people away from creek crossings. Authorities flew black flags, a warning against swimming, on 31 beaches, and classes were suspended on Wednesday.

No deaths were reported.

A street in Cabo San Lucas, Baja California Sur
File photo, 2018: a street in the town centre of Cabo San Lucas on a dry day. The photo does not show this week’s floods. Photo: Bob n Renee / Wikimedia Commons (CC BY 2.0).

Senate Passes the 2027 Revenue Law

Mexico’s Senate passed the 2027 revenue law on Tuesday 27 October, which sets planned federal income at 10.6 trillion pesos (about US$570 billion at 18.69 pesos per dollar, RT market data).The Chamber of Deputies, the lower house, approved it on 14 October.

The law now goes to President Claudia Sheinbaum for publication, and the Chamber must approve the 2027 spending budget by 15 November.

What Links These Stories

Three separate stories, one country under strain. The Navy operation, the rain and the revenue law share no cause, but each tested a different part of the Mexican state this week.

The reports behind this Big Read

All of today’s Mexico news →

What It Means for US Readers

If the identification is confirmed, the killing removes a man US authorities had wanted for drug trafficking.Los Cabos is a major destination for US travelers, and the rain disrupted schools and roads there.

Visitors should check flight status and local alerts and avoid flooded areas.

What to Watch Next

Watch for official confirmation of the dead men’s identities from Mexican authorities and for any US statement on the reward.In Los Cabos, watch for new rain and damage reports.

Mexico’s president must also publish the revenue law.

What Is Not Known

We found no published DNA or fingerprint results confirming either man’s identity.No official damage figure was available for Los Cabos, and it is unclear how much of the rain Vance caused.

Sources

The Rio Times · UPI via Yahoo News · San Diego Union-Tribune · The Rio Times · Noticias La Paz · Uno TV

This article was produced by The Rio Times’ automated newsroom system. How we use AI · Report an error · Editorial responsibility: Matthias Camenzind, Editor-in-Chief

Frequently Asked Questions

Who was Jesús González Peñuelas?

Officials provisionally named him as a Guasave Cartel operator in Sinaloa. The US offered up to US$5 million for his arrest or conviction.

Did anyone die in the Los Cabos floods?

No deaths were reported as of Thursday 29 October, though no official damage count had been published.

What did Mexico’s Senate pass?

The 2027 revenue law, planning income of 10.6 trillion pesos (about US$570 billion), on Tuesday 27 October.

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