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Wall Street Slips as Investors Eye Jobs Data and Venezuela Oil Deal

U.S. stocks edged lower on Wednesday as investors paused to assess fresh labor‑market signals and the political implications of a new U.S.–Venezuela oil agreement. The Dow, S&P 500, and Nasdaq all dipped slightly in early trading, easing back from recent highs. The pullback comes as traders await upcoming jobs data that could influence expectations for the Federal Reserve’s next moves. Signs of a cooling labor market have raised questions about how quickly policymakers may adjust interest rates in the months ahead. Market attention also turned to President Trump’s newly announced oil deal with Venezuela, which includes a plan for the U.S. to receive tens of millions of barrels of crude under a tightly controlled arrangement. The agreement has added a fresh geopolitical layer to energy markets, contributing to a modest decline in oil prices as traders evaluate how the additional supply might affect global dynamics. Despite the softer tone, equities remain near record levels, sup...
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Egypt Proposes Ceasefire Amid Escalating Gaza Conflict

Egypt has stepped forward with a new truce proposal aimed at restoring peace in Gaza, following a surge in violence that has claimed the lives of at least 65 Palestinians in the past 24 hours. The escalation began after Israel resumed air and ground operations against Hamas, effectively ending a two-month period of relative calm.

The Egyptian plan reportedly includes a phased approach, with Hamas releasing five Israeli hostages each week. In return, Israel would implement the second phase of the ceasefire after the first week. The proposal also outlines a timeline for Israel's full withdrawal from Gaza, backed by U.S. guarantees.

While both Hamas and the U.S. have expressed tentative agreement to the proposal, Israel has yet to respond. The situation remains dire, with nearly 700 Palestinians reported killed since the resumption of hostilities, including many women and children. Humanitarian agencies have raised alarms over the worsening conditions in Gaza, where thousands are displaced and essential supplies are running critically low.

This latest effort by Egypt underscores the urgent need for a resolution to the ongoing conflict, as the region faces a mounting humanitarian crisis.

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