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Wall Street Pauses as Oil Surges and Tesla Stumbles

  U.S. stocks stalled on Thursday as investors weighed a sharp rise in oil prices against a wave of fresh corporate earnings. Futures tied to the Dow Jones Industrial Average and the S&P 500 hovered near the flat line, while the Nasdaq 100 also showed little movement. Energy markets took center stage after oil futures jumped more than 5% following new U.S. sanctions on Russian producers, pushing Brent crude toward $66 a barrel and West Texas Intermediate closer to $62. The surge added pressure to inflation concerns already weighing on Wall Street. On the corporate front, Tesla shares slipped over 3% in premarket trading after the electric vehicle maker posted mixed third-quarter results, disappointing investors and kicking off the “Magnificent Seven” earnings cycle. IBM stock also dropped about 7% , as stronger-than-expected profits were overshadowed by weaker software revenue. Traders are now awaiting results from American Airlines and T-Mobile , with Intel set to ...
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Cyprus Unveils Six-Point Plan Backing Trump’s Gaza Initiative

                                     US President Donald Trump and Cyprus' President Nikos Christodoulides

Cyprus has pledged to provide “operational support” for U.S. President Donald Trump’s Gaza plan, signaling a practical rather than political role in shaping the territory’s future.

President Nikos Christodoulides outlined a six-point plan during a dinner with European Union leaders and Egyptian President Abdel Fattah El-Sisi. The proposal builds on the success of Cyprus’ Amalthea humanitarian aid corridor, which has already delivered critical supplies to Gaza.

According to officials, the plan includes six operational pillars developed in cooperation with the United Arab Emirates and the United Nations Office for Project Services. These measures aim to facilitate humanitarian relief, reconstruction, and long-term stability in Gaza, while also opening opportunities for Cypriot companies to participate in rebuilding efforts.

Christodoulides emphasized that Cyprus does not seek to act as a political mediator but rather as a functional partner in implementing Trump’s broader 20-point peace initiative. The proposal was first presented at the Gaza Peace Summit in Sharm El-Sheikh, where Cyprus positioned itself as a bridge between Europe, the Middle East, and international stakeholders.


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