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scalating Violence: Israeli Strikes Kill Dozens in Lebanon and Gaza

  Palestinian children amid the rubble of destroyed buildings, during a ceasefire between Israel and Hamas, in Jabalia, northern Gaza Strip. Israeli air strikes have intensified across Lebanon and Gaza, leaving dozens dead and further destabilizing fragile ceasefires in the region. In southern Lebanon , an Israeli drone strike on the Ein el-Hilweh Palestinian refugee camp near Sidon killed at least 13 people and wounded several others. The attack targeted a car parked near a mosque, with Lebanese officials reporting that ambulances rushed victims to nearby hospitals. Hours later, another strike in the village of Tiri killed one person and injured 11, including students aboard a bus. Meanwhile, in Gaza , hospitals reported at least 25 Palestinians killed in multiple strikes across Gaza City, Khan Younis, and Rafah. Medics confirmed that casualties included families caught in residential areas, underscoring the human toll of the renewed bombardments. Israel’s military claimed...
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Stock Market Climbs to New Heights Ahead of Powell’s Testimony

 

The stock market witnessed modest gains today, with both the S&P 500 and Nasdaq Composite achieving new record highs. Investors are keenly anticipating Federal Reserve Chair Jerome Powell’s upcoming congressional testimony, which could provide crucial insights into the future of interest rates.

  • Modest Gains: The S&P 500 rose by 0.1%, while the Nasdaq Composite saw a 0.3% increase, marking a continuation of their upward trajectory.
  • Economic Indicators: Recent jobs reports suggest a cooling labor market, leading to increased speculation about a potential rate cut by the Federal Reserve in September.
  • Corporate Updates: Notable movements in the corporate sector included Boeing’s guilty plea to a criminal conspiracy charge related to the 737 Max crashes, and Tesla’s shares turning positive, potentially extending its winning streak.
  • Cryptocurrency Watch: Bitcoin hovered near the $56,000 mark, maintaining its position despite recent sell-offs and the ongoing repayment process by the defunct crypto exchange Mt. Gox.

As the market landscape evolves, all eyes remain on Powell’s testimony and the forthcoming Consumer Price Index data, which could further influence investor sentiment and market dynamics.\

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