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Global Airlines Halt Middle East Flights Amid Escalating US‑Israel Strikes on Iran

                                                      Flight maps showed the airspace over Iran virtually empty. Global air travel across the Middle East faced major disruption on Saturday as airlines suspended or rerouted flights following coordinated US and Israeli strikes on Iran. The sudden escalation left vast stretches of regional airspace—including Iran, Iraq, Kuwait, Israel, and Bahrain—nearly empty as authorities closed or restricted flight paths for safety.  Flight maps showed Iran’s skies virtually deserted after Israel confirmed strikes inside the country and the US launched additional attacks on Iranian targets. Iran responded with missile salvos, further heightening tensions and prompting carriers worldwide to halt operations across one of the busiest aviation corridors linking Europe and Asia.  Airline...
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Stocks close mixed as tech pares losses


On Tuesday, January 9, 2024, the US stock market closed with mixed results. The Dow Jones Industrial Average (^DJI) slipped 0.4% or about 150 points. The benchmark S&P 500 ( ^GSPC) fell by nearly 0.2%, while the tech-heavy Nasdaq Composite ( ^IXIC) crawled above the flatline, in a reversal of earlier losses. The tech rally wavered after a Samsung profit warning took the shine off the sector. Samsung’s update weighed on hopes for a rebound in the PC and mobile sector, a key market for its memory chips. The Korean company said it expects a 35% drop in fourth-quarter operating income, far short of estimates, as demand continues to lag.

Investors are focusing on the December consumer inflation reading due Thursday and what it could mean for the chances of easing interest rates. Two Federal Reserve officials on Monday poured cold water on Wall Street’s already fading expectations that a cut could come in the next few months. The idea that inflation is cooling underpins investors’ belief that the US economy will skirt recession. That conviction faces a crucial test on Friday, when big banks kick off the fourth-quarter earnings season.

Oil prices ( CL=F) ( BZ=F) rose just under 2%, recouping some of Monday’s near 4% fall as investors weighed the impact of tensions in the Middle East and Saudi Arabia’s decision to cut crude prices.


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