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Tragedy in Gaza: 31 Palestinians Killed Near Aid Distribution Site

At least 31 Palestinians lost their lives while attempting to receive humanitarian aid in Gaza, according to health officials and witnesses. The incident occurred near an aid distribution center operated by the Gaza Humanitarian Foundation, a US-backed organization. Reports indicate that Israeli forces opened fire on the crowds, leading to chaos and casualties. The Palestinian Ministry of Health has blamed the Israeli military for the deaths, stating that all those killed were shot in the head or chest. Witnesses described the scene as terrifying, with people being trampled amid gunfire. Some claimed that security personnel at the distribution hub also fired on the crowd. The Israeli Defense Forces (IDF) responded to inquiries, stating that they were “unaware of injuries caused by IDF fire within the Humanitarian Aid distribution site” and that the matter was under review. Meanwhile, the Gaza Humanitarian Foundation denied any gunfire at the distribution center, dismissing reports of d...
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US Futures Slip Amid Earnings Rush, Fed Teeters

US stocks are expected to open lower today as investors grapple with a mix of earnings reports and uncertainty about Federal Reserve policy. Here are the key points driving the market:

  1. Rate-Cut Speculation: Investors are closely watching the Fed’s stance on interest rates. Federal Reserve policymaker Neel Kashkari’s recent comments suggest that rates will remain at historic highs for some time. This tempered hopes of an earlier easing in policy.

  2. Earnings Reports: Corporate earnings season is in full swing. While tech companies have generally met high expectations, attention is now shifting to other sectors. Notable reports include:

    • Uber: The ride-hailing giant’s bookings metric missed expectations, causing its shares to drop nearly 7% in pre-market trading.
    • Shopify: The e-commerce platform forecasted its slowest quarterly revenue growth in two years, leading to a sharp decline in its stock price.
    • Disney: Although Disney beat earnings estimates, Wall Street was still disappointed. Now, all eyes are on Fox’s earnings report.
    • Reddit (RDDT): The company reported adjusted operating profitability for the first time, with low capital expenditures and accelerating international sales. Reddit’s exec team also engaged with its community during the earnings call.

  3. Meme Stocks: Investors are closely monitoring meme stocks. After-hours updates from AMC Entertainment and Robinhood will be scrutinized for any signs of a Reddit-style surge.

Remember, the stock market is dynamic, and unexpected developments can occur. Stay informed and make investment decisions based on thorough research and analysis.


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