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Global Coalition Prepares $5B Plan for Gaza Rebuilding

  U.S. President Donald Trump speaks during a session on his Board of Peace initiative at the Annual Meeting of the World Economic Forum in Davos, Switzerland, Thursday, Jan. 22, 2026. Former U.S. President Donald Trump announced that the newly formed Board of Peace is preparing to unveil $5 billion in international pledges aimed at rebuilding Gaza. The announcement comes ahead of the board’s first official meeting in Washington, where member nations are expected to outline financial commitments and contributions of personnel for stabilization efforts. The Board of Peace, introduced during discussions in Davos earlier this year, is positioned as a long‑term multinational initiative focused on regional recovery and security coordination. Countries seeking permanent membership have reportedly been asked to contribute financially, signaling an effort to build a durable coalition. Trump described the initiative as a significant step toward addressing humanitarian needs while establ...
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U.S. Markets Poised for Downturn Amid Fed Rate-Cut Speculation; FedEx Forecasts Worry Investors

 

U.S. stock index futures inched lower on Wednesday as investors took a breather from a rally that was sparked by the Federal Reserve’s likely pivot to a dovish policy, while FedEx tumbled after issuing a grim outlook.

All the three main indexes have advanced over 2% since the Fed’s Dec. 13 verdict where policymakers projected lower policy rates by the end of 2024, with the blue-chips Dow hitting record highs every other day and the S&P 500 within arm’s reach of its highest closing levels since January 2022.

Since then central bank officials have attempted to keep investor euphoria in check, the latest being Chicago Fed President Austan Goolsbee who said further progress on beating back inflation will be the decisive factor in any central bank decision next year to reduce interest rates.

Still, traders expect the Fed to ease credit conditions by over 125 basis points by September next year, with a 71.1% chance that the first 25 basis point cut could come in as early as March.

Meanwhile, FedEx slid 9.9% in trading before the bell after the global delivery firm cut its full-year revenue forecast and reported quarterly profit that fell far short of analysts’ targets, as its largest Express business saw demand from the U.S. Postal Service drop.

The U.S. stock index futures are set for a lower open on Wednesday as investors take a breather from a rally that was sparked by the Federal Reserve’s likely pivot to a dovish policy. The blue-chips Dow has hit record highs every other day and the S&P 500 is within arm’s reach of its highest closing levels since January 2022. However, central bank officials have attempted to keep investor euphoria in check, with further progress on beating back inflation being the decisive factor in any central bank decision next year to reduce interest rates. Meanwhile, FedEx slid 9.9% in trading before the bell after the global delivery firm cut its full-year revenue forecast and reported quarterly profit that fell far short of analysts’ targets, as its largest Express business saw demand from the U.S. Postal Service drop.

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