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Israel Intensifies Strikes on Hezbollah Strongholds in Southern Lebanon

People and members of the Lebanese army gather at a damaged site in the aftermath of Israeli strikes in Abbasiyyeh, Tyre district, southern Lebanon Israel carried out heavy airstrikes on southern Lebanon , claiming it was targeting Hezbollah positions that were allegedly being rebuilt despite a ceasefire agreement reached last year. The Israeli military issued evacuation orders for three areas before launching the strikes, warning civilians to leave as it accused Hezbollah of attempting to restore its military infrastructure. According to Lebanese officials, smoke was seen rising from the Nabatieh district following the bombardment, while the health ministry confirmed at least one fatality from earlier strikes the same day. The full toll from the latest wave of attacks has not yet been released. The escalation comes amid growing tensions along the Israel-Lebanon border. Despite the truce brokered in late 2024 , Israel has continued to conduct operations against Hezbollah, citing s...
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Wall Street Slips as Inflation Pressures and Weak Consumer Sentiment Weigh on Markets

 

US stocks retreated from record highs on Friday as fresh economic data reignited concerns over inflation and consumer confidence. The Dow Jones Industrial Average fell about 0.3%, the S&P 500 lost 0.8%, and the tech-heavy Nasdaq Composite dropped more than 1.2%, led by a 3% slide in Nvidia shares.

A key Federal Reserve–watched gauge, the core Personal Consumption Expenditures (PCE) index, rose 0.3% in July and 2.9% year-over-year — the fastest annual pace since February and well above the Fed’s 2% target. Meanwhile, the University of Michigan’s consumer sentiment index fell to a three-month low, with respondents expecting higher inflation in the year ahead.

Despite Friday’s pullback, all major indexes were on track for their longest streak of monthly gains in over a year, buoyed by optimism that the Fed could still cut rates in September. Markets will pause for the Labor Day holiday before resuming trading next week.


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