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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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Israel’s Determination Amidst US Arms Embargo Threat

Israeli Prime Minister Benjamin Netanyahu has asserted Israel’s readiness to “stand alone” in the face of a potential US arms embargo. The stern declaration comes as tensions escalate in Rafah, Gaza, where Israeli forces are poised for a possible full-scale invasion to combat Hamas militants.

  • Defiant Stance: Netanyahu evoked the spirit of the 1948 War of Independence, emphasizing Israel’s historical resilience and capability to triumph despite arms embargoes and overwhelming odds.
  • US Warning: President Joe Biden has threatened to withhold critical military supplies, including artillery shells, if Israel proceeds with an invasion of Rafah, citing concerns over civilian casualties.
  • Humanitarian Crisis: The UN reports over 80,000 people have fled Rafah amidst continuous bombardment, with essential supplies like food and fuel dwindling for those remaining.
  • Continued Conflict: Despite peace talks faltering and the US’s stance, Israel maintains that victory over Hamas is unattainable without taking Rafah, underlining the ongoing seven-month war’s complexity.

Netanyahu’s remarks underscore a pivotal moment in Israeli-US relations, as Israel weighs its strategic options against the backdrop of international scrutiny and humanitarian considerations.

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