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Wall Street Futures Edge Higher as Soft Jobs Data Fuels Rate-Cut Hopes

  US stock futures ticked upward on Wednesday, extending Wall Street’s rebound as investors digested a weaker-than-expected ADP employment report. The data showed a surprise decline in private-sector payrolls, reinforcing expectations that the Federal Reserve may move forward with an interest rate cut at its upcoming December meeting. Market Performance Dow Jones Industrial Average futures rose about 0.2%, adding 80 points to 47,624. S&P 500 futures gained 9.25 points to 6,849.50, up 0.14%. Nasdaq 100 futures advanced 25.50 points to 25,631.50, a 0.10% increase. Key Drivers The ADP jobs report revealed a drop in private-sector employment, signaling cooling labor market conditions. This bolstered investor confidence that the Fed will ease monetary policy, with markets pricing in nearly 88% odds of a rate cut next week. Tech stocks continued to provide momentum, with Nvidia and Marvell edging higher. Crypto-linked stocks surged, with PMAX up 67%, CMCT up 30%, a...
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Israeli War Cabinet Member Threatens to Quit Unless There’s a New Gaza Plan


In a significant development, Benny Gantz, a popular centrist member of Israel’s three-member War Cabinet, has threatened to resign from the government if it doesn’t adopt a new plan for the war in Gaza within the next three weeks. This decision would leave Prime Minister Benjamin Netanyahu more reliant on far-right allies. The ongoing war has stretched for more than seven months, during which Israel has yet to achieve its stated goals of dismantling Hamas and securing the return of scores of hostages abducted during the militant group’s October 7 attack.

Gantz has outlined a six-point plan that includes the following key elements:

  1. Return of Hostages: Ensuring the safe return of the abducted hostages.
  2. Ending Hamas’ Rule: Aiming to dismantle Hamas’ control in Gaza.
  3. Demilitarizing Gaza: Reducing the military capabilities of armed groups in the region.
  4. International Administration of Civilian Affairs: Establishing an international body to oversee civilian affairs in Gaza, with cooperation from American, European, Arab, and Palestinian stakeholders.
  5. Efforts to Normalize Relations with Saudi Arabia: Seeking to improve diplomatic ties with Saudi Arabia.
  6. Widening Military Service: Expanding mandatory military service to include all Israelis.

Gantz has set a deadline of June 8 for the adoption of this plan. He warned, “If you choose the path of fanatics and lead the entire nation to the abyss — we will be forced to quit the government.” In response, Netanyahu criticized Gantz for issuing an ultimatum to him rather than to Hamas, dismissing the conditions as “euphemisms” for Israel’s defeat.

This development highlights the deepening divide within Israel’s leadership and underscores the challenges faced in achieving a resolution to the conflict in Gaza. As the situation continues to evolve, the world watches closely to see how these tensions will impact the region’s stability and prospects for peace.


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