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Tech Giants Lift Markets as Investors Brace for Fed Decision

Both the S&P 500 and the Nasdaq hit their highest levels in more than a week on Monday. Wall Street finished the day on a strong note, with major U.S. indexes advancing as investors positioned themselves for a pivotal week of corporate earnings and a closely watched Federal Reserve meeting. Market Momentum The S&P 500 and Nasdaq extended their recent winning streak, marking their longest run of gains in weeks. Confidence was fueled largely by heavyweight technology stocks, which continued to attract buyers ahead of their upcoming earnings reports. What’s Driving the Optimism Companies such as Apple, Microsoft, Alphabet, Broadcom, and Meta helped propel the market higher. Their performance has been central to the broader rally, especially as enthusiasm around artificial intelligence remains a dominant theme in tech valuations. Eyes on Earnings and the Fed Investors are now turning their attention to earnings guidance from these major firms, which could determine whether t...
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Potential Humanitarian Crisis in Gaza as UNRWA Faces Ban

 

Israel’s recent decision to ban the United Nations Relief and Works Agency (UNRWA) from operating within its borders has sparked significant concern among international organizations. The ban, if fully implemented, could lead to severe humanitarian consequences in Gaza, particularly for children.

UNICEF’s Warning: UNICEF spokesperson James Elder emphasized that the inability of UNRWA to operate could lead to the collapse of Gaza’s humanitarian system. Elder, who has extensive experience in Gaza, warned that this decision could result in more child deaths, describing it as a new way to harm children.

Collective Punishment: Jens Laerke from the UN humanitarian office suggested that the ban could be seen as a form of collective punishment against Gazans, adding to the existing hardships imposed on the region.

No Alternatives: Other UN agencies, including the International Organisation for Migration (IOM), have stated that they cannot replace UNRWA’s role in Gaza. While IOM is willing to increase its relief efforts, it acknowledges that UNRWA’s services are indispensable and irreplaceable at this point.

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