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Europe Grinds to a Halt as Deep Freeze Triggers Massive Travel Disruptions

                                                   KLM scraps 600 flights in Amsterdam on Wednesday as snow continues A powerful cold snap sweeping across Europe has forced widespread cancellations of flights and trains, with conditions expected to worsen through Wednesday. Heavy snowfall, freezing temperatures, and hazardous travel conditions have already caused days of disruption across the continent, and authorities warn that the situation may deteriorate further. Severe Weather Shuts Down Air Travel Dutch carrier KLM announced it will cancel 600 flights at Amsterdam Schiphol Airport on Wednesday as it struggles with persistent snow and freezing conditions. Schiphol, one of Europe’s busiest hubs, has been heavily affected since Friday, with thousands of flights disrupted and de‑icing operations running around the clock. Officia...
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Market Gains Amid Anticipation of Key Data and Big Tech Earnings

 

U.S. stock markets saw gains today as investors eagerly await crucial economic data and earnings reports from major technology companies. The Nasdaq Composite rose by approximately 0.7%, while the S&P 500 and the Dow Jones Industrial Average each increased by about 0.5%.

The market’s positive movement was partly driven by relief over geopolitical tensions in the Middle East, with Israel’s limited retaliatory strikes on Iran focusing solely on military targets. This development led to a significant drop in oil prices, with Brent crude falling nearly 6% to around $71 a barrel.

Investors are particularly focused on the upcoming earnings reports from five of the “Magnificent Seven” tech giants: Alphabet, Apple, Amazon, Microsoft, and Meta. These reports are expected to provide insights into whether investments in artificial intelligence are translating into profits. Additionally, the market is bracing for key economic indicators, including the Federal Reserve’s preferred inflation gauge and the October jobs report, which could influence future interest rate decisions.

Overall, the anticipation of Big Tech earnings and critical economic data has set the stage for a potentially volatile week in the stock market.


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