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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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Rubio Cautions Israel on West Bank Annexation Amid Fragile Gaza Truce

                                    Marco Rubio is travelling to Israel to try to shore up the fragile ceasefire

U.S. Secretary of State Marco Rubio has warned that Israel’s parliament’s preliminary move toward annexing parts of the occupied West Bank could jeopardize ongoing peace efforts in the region. Speaking before departing for Israel, Rubio stressed that Washington cannot support annexation at this time, noting that such a step risks undermining a fragile ceasefire deal in Gaza and complicating broader negotiations.

The Knesset’s symbolic vote, pushed forward by far-right lawmakers, granted initial approval to a bill that would extend Israeli sovereignty over the West Bank. The move was widely seen as an attempt to pressure Prime Minister Benjamin Netanyahu, who has previously voiced support for annexation but has avoided advancing it due to concerns over U.S. relations and regional stability.

Palestinians, who claim the West Bank as part of a future independent state, condemned the measure. International bodies, including the International Court of Justice, have previously deemed Israel’s occupation of the territory illegal.

Rubio’s visit to Israel underscores Washington’s efforts to preserve the tenuous truce between Israel and Hamas while keeping alive the possibility of renewed peace talks.


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