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Wall Street Pauses as Oil Surges and Tesla Stumbles

  U.S. stocks stalled on Thursday as investors weighed a sharp rise in oil prices against a wave of fresh corporate earnings. Futures tied to the Dow Jones Industrial Average and the S&P 500 hovered near the flat line, while the Nasdaq 100 also showed little movement. Energy markets took center stage after oil futures jumped more than 5% following new U.S. sanctions on Russian producers, pushing Brent crude toward $66 a barrel and West Texas Intermediate closer to $62. The surge added pressure to inflation concerns already weighing on Wall Street. On the corporate front, Tesla shares slipped over 3% in premarket trading after the electric vehicle maker posted mixed third-quarter results, disappointing investors and kicking off the “Magnificent Seven” earnings cycle. IBM stock also dropped about 7% , as stronger-than-expected profits were overshadowed by weaker software revenue. Traders are now awaiting results from American Airlines and T-Mobile , with Intel set to ...
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Hezbollah Leader’s Death Sends Shockwaves Across the Middle East

 

The death of Hezbollah leader Hassan Nasrallah has sent shockwaves throughout Lebanon and the wider Middle East. The militant group confirmed on Saturday that Nasrallah was killed in an Israeli airstrike in a southern suburb of Beirut.

Nasrallah’s death has elicited a range of emotions across the region. In Lebanon, many supporters of Hezbollah are mourning the loss of their leader, with tears and public displays of grief. Conversely, in other parts of the Middle East, his death has been met with a mix of relief and celebration, reflecting the divisive nature of his leadership.

International reactions have also been polarized. U.S. President Joe Biden described the killing as “a measure of justice for his many victims,” while Iran’s Supreme Leader condemned the airstrike, calling it an "Israeli massacre".

Nasrallah had been a prominent figure in Middle Eastern politics for decades, known for his staunch opposition to Israel and his influence over Hezbollah’s military and political strategies. His death marks a significant turning point in the region’s geopolitical landscape, with potential implications for future conflicts and alliances.


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