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U.S. Hits Iran’s Kharg Island Military Sites Amid Rising Oil‑Sector Tensions

  The US bombed military targets on Kharg Island in the Persian Gulf, but spared oil infrastructure for now. The United States has carried out airstrikes on military targets located on Iran’s Kharg Island, a strategic hub responsible for the overwhelming majority of the country’s oil exports. President Donald Trump stated that U.S. forces “obliterated” military positions on the island, emphasizing that the operation avoided damaging vital oil infrastructure.  Kharg Island, which handles most of Iran’s crude shipments, sits at the center of global energy flows and has become a flashpoint amid escalating regional conflict. Iranian state media reported no harm to oil facilities but warned that any future attacks on its energy network would provoke retaliation. The strike marks a significant escalation in the two‑week‑old conflict, with Washington also deploying an additional 2,500 Marines and an amphibious assault ship to the region. Analysts warn that any disruption to Kharg ...
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Tech Titans Spark Market Surge Amid Trade Optimism

 


Wall Street Rallies on Big Tech Earnings and Trade Breakthroughs

The stock market soared Thursday morning as strong earnings from Big Tech giants and promising trade developments lifted investor sentiment. Futures for the Nasdaq 100 jumped 1.3%, while the S&P 500 rose nearly 1%, both eyeing fresh record highs. The Dow Jones Industrial Average futures lagged slightly, gaining 0.3%.

Big Tech Leads the Charge

  • Meta Platforms surged 12% in premarket trading after beating earnings expectations and offering robust guidance, despite ramping up AI investments.
  • Microsoft climbed over 8%, inching closer to a $4 trillion market valuation following stellar quarterly results.
  • Investors now await earnings from Apple and Amazon to see if the rally can sustain momentum.

Trade Deals Ease Global Tensions

  • A new pact with South Korea includes a 15% tariff on imports and zero duties on U.S. exports, alongside a $350 billion investment commitment from Seoul.
  • President Trump and European Commission President Ursula von der Leyen also announced a handshake agreement, though details remain murky.

Fed Watch and Economic Indicators

  • The Federal Reserve held interest rates steady for the fifth consecutive meeting, with Chair Jerome Powell emphasizing that no decisions have been made regarding a September rate cut.
  • Investors are closely watching the release of the Personal Consumption Expenditures (PCE) index for clues on inflation and future monetary policy.

With tech earnings exceeding expectations and trade tensions easing, markets are riding a wave of optimism. Whether this momentum holds will depend on upcoming earnings reports and macroeconomic data.


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