Israeli forces began withdrawing from parts of Gaza on Friday (October 10) under a ceasefire agreement with Hamas, and some residents returned to devastated neighborhoods, uncertain about their safety after two years of war. "Thank God, my house is still standing," said Ismail Zayda, 40, in the Sheikh Radwan area of Gaza City. "But this place is destroyed, my neighbor's house is destroyed, the whole district is gone." "Is it over? They say it is. Why doesn't anyone come out and tell us if there is a ceasefire so we can stop being afraid?" The Israeli government ratified the ceasefire...
US consumer sentiment was little changed in early October as Americans expect scant improvement in the job market or inflation. The preliminary October sentiment index edged down to 55 from 55.1 in September, according to the University of Michigan. While the latest figure was the lowest in five months, it was firmer than the median projection in a Bloomberg survey of economists. Consumers expect prices to rise at an annual rate of 4.6% over the next year, compared with 4.7% a month earlier, according to the data released Friday. They saw costs rising at an annual rate of...
US President Donald Trump hit markets with a fresh tariff threat on Friday, continuing his lashout at China over their decision to impose even stricter export licensing requirements on foreign entities trying to move critical rare earths minerals out of China. Donald Trump declared via social media post that he will be imposing a new 100% tariff on all exports bound for the US from China, as Trump's bespoke playbook of hammering his own constituents to punish foreign nations continues to play out. How the Trump administration will achieve a new import tariff remains to be solved by other...