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Gaza Crisis Deepens as Israeli Strikes Kill 60 Amid Aid Shortages

  Israeli airstrikes have killed at least 60 people across Gaza, intensifying the humanitarian crisis in the region. The strikes targeted residential areas, including a family home and a school-turned-shelter, leading to significant civilian casualties.  Despite mounting international pressure, Israel has allowed only minimal aid into Gaza, far below the necessary levels to address the growing humanitarian needs. UN agencies report that while some trucks carrying food and medical supplies have entered, the amount remains insufficient compared to the 600 trucks per day that were permitted during a previous ceasefire.  The ongoing conflict has displaced nearly 90% of Gaza’s population, with many facing dire shortages of food, medicine, and shelter. International leaders, including those from Canada, France, and the UK, have urged Israel to ease restrictions and allow more humanitarian assistance.  As the situation worsens, calls for a ceasefire and increased aid contin...
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Stock Market Today: US Futures Slip as Wait for Nvidia Earnings Nears Its End

                                                

U.S. stock futures are showing signs of caution as investors eagerly await Nvidia’s pivotal earnings report and minutes from the Federal Reserve’s last meeting. Here are the key points driving today’s market sentiment:

  1. Nvidia’s Earnings Anticipation:
    • AI Bellwether: Nvidia (NVDA), a leading artificial intelligence (AI) chipmaker, is set to release its first-quarter results after the closing bell. Investors are closely monitoring the company’s performance, especially given sky-high earnings expectations.
    • Market Impact: The chipmaker’s share price is expected to make a significant move based on the results. Options markets imply an 8.6% swing in either direction, making it a critical moment for tech investors.
    • Bullish Outlook: Despite short-term uncertainties, many analysts remain bullish on Nvidia’s long-term growth prospects, particularly in the AI chip sector.
  1. Federal Reserve Clues:
    • Inflation Concerns: The Federal Reserve’s minutes from its last meeting are under scrutiny. Investors are looking for any deviation from policymakers’ repeated message that they want to be more confident about inflation cooling down before considering rate cuts.
    • UK Inflation Data: Ahead of the release, UK inflation data hinted at persistent price pressures, adding to market jitters.
  1. Target’s Earnings Disappointment:
    • Consumer Behavior: Retail giant Target (TGT) reported quarterly earnings that fell short of expectations. Consumers held off on nonessential purchases due to inflation concerns, leading to an 8% pre-market slide in Target’s shares.

In summary, today’s market hinges on Nvidia’s performance and the Fed’s stance on inflation. Investors are bracing for potential volatility, making it a crucial test for the broader market.

Stay tuned for further updates as the day unfolds.

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