UK plans to recognize Palestinian state in September unless Israel takes action

UK plans to recognize Palestinian state in September unless Israel takes action

Britain said on Tuesday it would recognize a Palestinian state unless Israel takes steps to relieve suffering in Gaza, where starvation is spreading, and reaches a ceasefire in the nearly two-year war with Hamas. The warning came after a hunger monitor said a worst-case scenario of famine is unfolding and immediate action is needed to avoid widespread death. Palestinian…

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What top Wall Street analysts are watching in Meta’s earnings on Wednesday

What top Wall Street analysts are watching in Meta’s earnings on Wednesday

Wall Street remains bullish on Meta Platforms’ longer-term strategy, but analysts remain watchful of how the company’s artificial intelligence efforts could weigh on its second-quarter results out Wednesday. Meta shares have rallied 20% this year through Tuesday, more than twice the return in the S & P 500, as concerns about economic growth, inflation and…

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Moody’s says the banking system, private credit markets are sound despite worries over bad loans

Moody’s says the banking system, private credit markets are sound despite worries over bad loans

Despite worries over bad loans at midsize U.S. banks, there’s little evidence of a systemic problem, according to a senior analyst at Moody’s Ratings. Marc Pinto, the agency’s head of global private credit, acknowledged in a interview on CNBC’s “Squawk Box” that there are concerns over loose lending standards and some slack in the conditions…

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