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Israel Enacts Controversial Death Penalty Law Targeting Palestinians

  Soldiers carry the coffin of Israeli soldier Sergeant Liran Ben Zion, who, according to the Israeli army, was killed in combat in southern Lebanon. Israel’s parliament has approved a controversial new law making the death penalty the default punishment for Palestinians convicted of lethal attacks, sparking intense criticism from rights groups and international observers. The measure, championed by far‑right members of the governing coalition, is set to take effect within 30 days and has already prompted legal challenges and diplomatic condemnation.  Israel’s parliament has passed a landmark—and highly contentious—law establishing the death penalty as the default sentence for Palestinians convicted in military courts of lethal attacks against Israelis. The bill, long pushed by far‑right members of Prime Minister Benjamin Netanyahu’s coalition, mandates execution by hanging and requires sentencing within 90 days, with no right to clemency.  The legislation applies spec...
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Stock Market Today: S&P 500 Breaches 5,300 as Stocks Rally to Records After CPI

 


U.S. stocks rallied on Wednesday, with all three major indexes closing at record highs. A soft reading on consumer prices fueled hopes that the Federal Reserve could cut interest rates sooner than expected.
  • The S&P 500 rose nearly 1.2%, closing at 5,308.18, above 5,300 for the first time ever.
  • The Dow Jones Industrial Average jumped about 0.9%, creeping closer toward the 40,000 level.
  • The tech-heavy Nasdaq Composite climbed about 1.4%, notching its second record close in as many days.

The Consumer Price Index rose 0.3% over the previous month and 3.4% over the prior year in April, a deceleration from March. “Core” inflation, which strips out the cost of food and gas, also cooled. This relatively cool inflation reading led the 10-year Treasury yield to fall 4.35%, its lowest level in a month, and sparked new bets on Fed rate cuts as soon as September. Around 70% of traders now expect at least one cut by the September meeting, a notable increase from a week ago.

Stocks have ground higher amid rekindled confidence that the U.S. economy is in good enough shape for the Federal Reserve to start bringing down rates from their current historic highs. That optimism has fueled a resurgence in bullishness in the market.

Elsewhere on the macroeconomic front, retail sales fell flat last month, coming in well short of Wall Street’s expectations.

In summary, the stock market continues to surge, and investors are closely watching inflation data and Fed policy decisions.


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