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Wall Street Pauses as Earnings Season Heats Up

U.S. stock futures were mixed on Wednesday as investors braced for a wave of corporate earnings that could set the tone for markets in the weeks ahead. Futures tied to the Dow Jones Industrial Average and Nasdaq 100 hovered near flat, while S&P 500 contracts edged slightly higher. The cautious mood followed a record-setting session for the Dow, which closed at an all-time high above 47,000 on Tuesday, buoyed by strong results from blue-chip names like Coca-Cola. However, sentiment was tempered after Netflix shares tumbled more than 6% in after-hours trading on weaker-than-expected quarterly results. All eyes are now on Tesla, IBM, and other major companies set to report later today. Tesla’s earnings, in particular, are expected to be a key test for the so-called “Magnificent Seven” tech giants that have powered much of this year’s rally. Meanwhile, bond markets remained steady, with the 10-year Treasury yield holding just under 4%. Investors are also watching closely for signs ...
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Russia Escalates Energy Grid Attacks Amid Upcoming U.S.-Ukraine Talks

In a significant escalation, Russia launched a large-scale missile and drone attack on Ukraine's energy infrastructure, leaving at least ten people injured, including a child. The assault comes shortly after Ukrainian President Volodymyr Zelensky announced that his team would engage in peace talks with U.S. officials next week.

The overnight bombardment targeted natural gas extraction facilities and other critical energy infrastructure, with Ukraine's air force reporting 67 missiles and 194 drones deployed by Russian forces. Ukrainian defenses managed to intercept 34 missiles and 100 drones, while others caused extensive damage. Energy Minister Herman Halushchenko condemned the attacks, accusing Russia of attempting to "weaponize winter" by depriving civilians of light and heat.

This marks the first major attack since the U.S. announced a pause in military aid to Ukraine, a move that has raised concerns about Kyiv's ability to defend itself. Zelensky, who plans to meet Saudi Crown Prince Mohammed bin Salman before the talks, expressed hope for meaningful progress toward peace. However, the attacks underscore the challenges ahead as Ukraine seeks to rebuild its energy grid and maintain civilian morale amidst ongoing hostilities.

The upcoming talks in Saudi Arabia are expected to focus on a framework for peace and a potential ceasefire, but the path to resolution remains fraught with complexities.

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