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Iran Rejects Nuclear Talks with U.S. Following Israeli Strikes

Iran has declared negotiations with the United States over its nuclear program "meaningless" after Israel launched its largest-ever military strike against Iranian targets. Tehran accused Washington of enabling the attack, stating that the U.S. cannot claim to seek diplomacy while allowing Israel to target Iranian territory. The sixth round of U.S.-Iran nuclear talks was scheduled to take place in Oman on Sunday, but the recent escalation has cast doubt on whether the discussions will proceed. Iran maintains that its uranium enrichment program is solely for civilian purposes, rejecting Israeli claims that it is secretly developing nuclear weapons. The U.S. has denied any involvement in Israel’s actions and urged Iran to continue negotiations. However, Iranian officials insist that Israel’s influence over the diplomatic process has undermined any potential for meaningful dialogue. With tensions rising, the future of nuclear diplomacy between Iran and the U.S. remains uncertain...
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US Stocks Tumble After Meta’s Reality Check and Soft GDP Print


In today’s volatile market, US stocks experienced a significant downturn following a double whammy of negative news. Let’s break down what happened:

  1. Meta’s Reality Check:

    • Meta (formerly known as Facebook) delivered a reality check to investors. The company’s revenue forecast rattled the market, leading to a nearly 15% decline in Meta shares. Rising costs at Meta, particularly related to AI infrastructure investments, raised concerns about the company’s profitability.
    • This reality check also impacted other tech giants like Microsoft and Alphabet, both of which face high earnings growth expectations and AI-related challenges.

  2. Soft GDP Print:

    • The US economy grew at a slower-than-expected pace in the first quarter. The GDP update revealed an annualized growth rate of 1.6%, falling well short of the anticipated 2.5%.
    • Persistently high interest rates and ongoing debate about the Federal Reserve’s rate campaign added to the economic uncertainty.

  3. Market Reaction:

    • The Nasdaq Composite fell more than 2%, while the S&P 500 lost 1.3%. The Dow Jones Industrial Average slipped 1.3%, shedding nearly 500 points.
    • Investors are now closely watching the March reading of the Personal Consumption Expenditures index, the Fed’s favored inflation gauge, set for release on Friday.

In summary, Meta’s reality check and disappointing GDP growth have dampened hopes for a tech stock revival. The market remains cautious as it grapples with uncertainties on multiple fronts. Stay tuned for further developments! 

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