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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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Wall Street Holds Steady After Breaking Losing Streak

 

Wall Street markets remained essentially flat on Tuesday, following a day of gains that ended a prolonged losing streak. Investors are closely monitoring a series of corporate earnings reports and upcoming government economic data.

Market Performance:

  • S&P 500 and Dow Jones Industrial Average futures both edged up less than 0.1% before the market opened.
  • UPS shares fell 8% after missing sales and profit targets, despite an increase in package delivery volume.
  • General Motors saw a 2.5% rise in shares after surpassing analysts’ expectations.
  • Coca-Cola shares increased by 1.5% following a positive earnings report and an improved full-year sales outlook.

Economic Indicators:

  • Investors are awaiting the latest data on existing home sales, which have been impacted by high interest rates.
  • Later this week, the government will release its first estimate for second-quarter GDP and an important inflation reading. A lower inflation reading could prompt the Federal Reserve to consider cutting its benchmark rate, which is currently at its highest level in over two decades.

Global Markets:

  • In Asia, Tokyo’s Nikkei 225 closed nearly unchanged, while Chinese markets experienced declines due to investor skepticism over recent policy decisions.

As the week progresses, market participants will continue to focus on corporate earnings and economic data to gauge the health of the economy and the potential direction of monetary policy.


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