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Wall Street Braces as Tech Rout Deepens

US markets looked set for another turbulent session as futures for the S&P 500 and Nasdaq pointed lower, signaling continued pressure on the tech sector. A wave of selling has swept through major technology names this week, and Thursday’s pre‑market action suggested the downturn isn’t over yet. Alphabet remained a major drag after its sharp slide, with investors reacting to concerns about rising AI‑related spending and the uncertain payoff timeline. The pullback has added to broader anxiety across the sector, where valuations have been tested by shifting expectations around growth and profitability. Amazon now sits in the spotlight as traders await its upcoming earnings report. With sentiment already fragile, the company’s results could either steady the market or accelerate the sell‑off, depending on how its cloud and retail segments perform. Commodities also reflected the risk‑off mood. Silver prices tumbled, extending a recent decline and underscoring the cautious tone acros...
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Humanitarian Crisis Deepens in Gaza Amidst Conflict

 

The humanitarian situation in Gaza has reached a critical point as the United Nations warns of an impending famine in the northern regions. The World Food Program’s alarming report indicates that 70% of the population is facing catastrophic levels of hunger, with the possibility of half of Gaza’s 2.3 million residents being pushed to the brink of starvation if the conflict escalates.

Israeli forces have conducted another raid on Gaza’s largest hospital, Shifa Hospital, amidst claims of Hamas militants using the facility for operations. This has raised international concerns and calls for Israel to facilitate the entry of aid and open more crossings to address the dire needs of the Gazan population.

The European Union’s top diplomat has described the looming famine as “entirely man-made,” pointing to the use of starvation as a weapon of war. Aid groups emphasize the necessity of consistent food aid, access to clean water, and healthcare to avert the crisis.

As the war displaces 80% of Gaza’s population, the region’s infrastructure is under severe strain, with many residents resorting to eating animal feed. The international community continues to push for a ceasefire and increased humanitarian aid to prevent a large-scale famine in Gaza.


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