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Regional Conflict Deepens as Israel Expands Strikes on Hezbollah Amid Market Turmoil

  The conflict in the Middle East has entered a more volatile phase as Israel broadens its military campaign to include intensified strikes on Hezbollah positions in Lebanon. The escalation follows a series of missile and drone attacks launched by Hezbollah in retaliation for the killing of Iran’s Supreme Leader, Ali Khamenei, an event that has reshaped the region’s political landscape.  Israeli forces have targeted intelligence, security, and command centers linked to Hezbollah, marking a significant widening of the confrontation that had already spilled beyond Israel and Iran into neighboring territories. Explosions have been reported across Lebanon and even as far as Tehran, underscoring the geographic reach of the conflict.  Hezbollah’s involvement—long anticipated due to its close ties with Tehran—has intensified fears of a broader regional war. The group acknowledged launching missiles and drones toward Israel, prompting swift and forceful retaliation. The United...
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Stocks sharply higher, rebounding with a boost from chips

 



North American stocks closed higher on Thursday, winning back much of the previous day’s losses, as U.S. economic data fueled optimism that the Federal Reserve would ease monetary policy and revived investor risk appetite.

All three major U.S. stock indexes posted gains as chips surged, led by Micron Technology after its better-than-expected quarterly forecast, putting the tech-heavy Nasdaq out front. The rally gained momentum as the session drew to a close, with the S&P 500 and the Nasdaq surging more than 1%. Canada’s main stock index rose 0.8%, despite a sharp drop in the shares of BlackBerry. Financial markets are pricing in a 71.3% likelihood that the U.S. central bank will reduce the Fed funds target rate by 25 basis points as soon as March, according to CME’s FedWatch tool.

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