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Intel’s Weak Earnings Put Futures on Ice After a Choppy Week

U.S. stock futures lost momentum Friday morning as Wall Street tried to steady itself after several days of sharp swings. Dow futures slipped, while S&P 500 and Nasdaq futures hovered slightly lower, signaling a cautious start to the trading day. The hesitation came largely from Intel’s disappointing earnings report. The chipmaker’s results and weaker outlook weighed heavily on tech sentiment, sending its shares sharply lower in pre‑market trading. Investors had hoped for stronger numbers given the industry’s AI‑driven momentum, but Intel’s update suggested ongoing challenges in key segments like data‑center chips. The broader market has been wrestling with volatility all week, driven by shifting economic expectations and uneven corporate results. With the S&P 500 on track for another weekly decline, traders appear reluctant to make big moves until they see clearer signs of stability.
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Aid Ship Departs Cyprus for Gaza Amid Famine Crisis

 


In a critical effort to address the dire humanitarian situation in Gaza, a ship carrying almost 200 tonnes of food has set sail from Cyprus. This pilot project aims to establish a new sea route for delivering aid to Palestinians who are on the brink of famine. The charity ship Open Arms departed from the port of Larnaca, towing a barge loaded with essential supplies including flour, rice, and protein.

The journey to Gaza typically takes around 15 hours, but the heavy tow barge may extend the trip to possibly up to 2 days. Cyprus, located just over 200 miles (320 km) northwest of Gaza, serves as a crucial departure point for this vital mission.

The situation in Gaza remains dire, with an estimated quarter of the population at risk of starvation. Despite ongoing efforts, aid agencies struggle to meet the daily needs of the people. The United Nations has previously accused Israel of obstructing aid to Gaza, exacerbating the crisis.

In addition to the aid ship from Cyprus, the U.S. military has also stepped in to provide humanitarian relief. Their vessel, the General Frank S. Besson, is en route to Gaza by sea. Furthermore, the U.S. military conducted airdrops, delivering over 27,600 meals and 25,900 bottles of water to northern Gaza.

However, the challenges persist. Crowds awaiting aid trucks at Kuwait Square in Gaza City faced Israeli gunfire, resulting in the loss of lives and injuries. United Nations Secretary-General António Guterres urgently appeals for a truce, the release of hostages, and the removal of obstacles hindering life-saving aid. The threat of an Israeli assault on Rafah looms, potentially plunging the people of Gaza into an even deeper crisis.

As the conflict continues, the toll on Gaza’s population remains devastating. Displacement, inadequate shelter, and scarcity of food and medical supplies persist. Amidst this turmoil, the aid ship’s departure from Cyprus represents a beacon of hope, striving to alleviate suffering and provide essential sustenance to those in need.


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