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Intel’s Weak Earnings Put Futures on Ice After a Choppy Week

U.S. stock futures lost momentum Friday morning as Wall Street tried to steady itself after several days of sharp swings. Dow futures slipped, while S&P 500 and Nasdaq futures hovered slightly lower, signaling a cautious start to the trading day. The hesitation came largely from Intel’s disappointing earnings report. The chipmaker’s results and weaker outlook weighed heavily on tech sentiment, sending its shares sharply lower in pre‑market trading. Investors had hoped for stronger numbers given the industry’s AI‑driven momentum, but Intel’s update suggested ongoing challenges in key segments like data‑center chips. The broader market has been wrestling with volatility all week, driven by shifting economic expectations and uneven corporate results. With the S&P 500 on track for another weekly decline, traders appear reluctant to make big moves until they see clearer signs of stability.

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U.S. and Israeli Defense Chiefs Discuss Strategies Amid Escalating Tensions in Gaza

 

As tensions escalate in the Gaza region, U.S. Defense Secretary Lloyd Austin and Israeli Defense Minister Yoav Gallant held a crucial meeting to address the ongoing crisis. Here are the key points from their discussion:

  1. Cease-Fire and Humanitarian Concerns:

    • The United States recently abstained from using its veto power in a United Nations Security Council vote, which called for an immediate cease-fire in Gaza.
    • Israel canceled a high-level delegation’s visit to Washington in response to the vote.
    • The focus of the meeting was on Israel’s plans to launch an offensive in Gaza’s southernmost city of Rafah, where over a million displaced people have sought shelter.
    • U.S. officials emphasized the need to address the threat posed by Hamas while ensuring civilian safety.
  2. Israel’s Determination and Challenges:

    • Israeli Prime Minister Benjamin Netanyahu has expressed determination to launch a military operation in Rafah.
    • He believes that Hamas cannot be defeated unless Israel targets four battalions, consisting of thousands of fighters, who are sheltering in the city.
    • The offensive has already resulted in significant casualties and displacement in Gaza.
  3. Lessons from Urban Operations:

    • The discussions included insights from the U.S.'s own experiences in conducting operations in urban environments.
    • Balancing military objectives with civilian safety remains a critical challenge.
  4. U.S. Position and International Pressure:

    • The U.S. abstention at the Security Council vote was a departure from its consistent stance during the conflict.
    • Israel expressed concern that this move might give Hamas hope that international pressure could force a cease-fire without securing the release of hostages.

In this delicate situation, both nations grapple with the complexities of military action, humanitarian needs, and regional stability. The outcome of their discussions will have far-reaching implications for the people of Gaza and the broader Middle East. 

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