Israel Financial News

Starbucks lowered expectations for its full-year sales and profit Tuesday after a disastrous quarter that saw a slowdown in store visits across the world. The Seattle coffee giant said revenue for the January-March period dropped 2% to $8.56 billion. That was far short of Wall Street's forecast of $9.12 billion, according to analysts polled by FactSet.

Starbucks is reporting weaker-than-expected sales in its fiscal second quarter as customer traffic dried up in many key markets

Izabel Pakzad’s directorial debut “Find your Friends” will have a star studded cast. It has also been learnt that the production has been wrapped up recently. Cast

Dozens of Google workers who were fired after internal protests surrounding a lucrative contract that the internet company has with the Israeli government have filed a complaint with labor regulators in an attempt to get their jobs back

₹6,833 per barrel on the multi commodity exchange (MCX). -US crude production rose to 13.15 million barrels per day (bpd) in February from 12.58 million bpd in January in its biggest monthly increase since October 2021, the Energy Information Administration said. Meanwhile, exports climbed to 4.66 million bpd from 4.05 million bpd in the same period.

A Portuguese-flagged container ship has come under attack by a drone in the far reaches of the Arabian Sea

Columbia University in New York early Tuesday, barricading entrances and unfurling a Palestinian flag from a window in the latest escalation of demonstrations against the Israel-Hamas war on college campuses nationwide. The school promised they would face expulsion. The occupation at Columbia — where protesters shrugged off an ultimatum to abandon a tent encampment Monday or be suspended — unfolded as other universities stepped up efforts to clear out encampments. Police swept through some campuses, spurring confrontations with protesters and plenty of arrests. In rarer instances, university officials and protest leaders have struck agreements to restrict the disruption to campus life. And as cease-fire negotiations appeared to gain steam Tuesday, it wasn’t clear whether those talks would inspire campus protesters to ease their efforts.

On Tuesday, the International Court of Justice (ICJ) rejected a request by Nicaragua to order Germany to halt military and other aid to Israel and renew funding to the UN aid agency in Gaza.

Air India is likely to extend the suspension of flights to and from Tel Aviv till May 15 amid tensions in the Middle East, airline sources said on Tuesday. On April 19, the airline said Tel Aviv flights will remain suspended till April 30. It operates four weekly flights between the national capital and the Israeli city. The sources said the services will remain suspended, likely till May 15. There was no official statement from Air India on extending the suspension of the Tel Aviv flights.

Zero1 fest, talking about health and wealth with Israeli vlogger Nuseir Yassin and the founder of The Whole Truth, Shashank Mehta," Nithin Kamath said in a post on X. The internet expressed happiness after Nithin Kamath got back in action and even asked him about his new health routine. "Good to see you back in the game!," one user said.

Israel-Palestine-related boycotts, as per a Reuters report. Although the number of affected stores wasn't specified, local media indicated that over 100 outlets were temporarily shut down, it added. The franchise has 600 outlets in the country.

Also Read: Oil prices decline amid Israel-Hamas peace negotiations, Fed rate cut hopes As of now, Brent crude futures have seen a modest increase of 0.26% in April, while WTI crude futures have experienced a slight decline of 0.55%. Crude prices surged sharply in mid-April, reaching their highest level since October, driven by Iran's unprecedented attack on Israel in retaliation. This was seen as a response to a suspected Israeli strike on the Iranian Consulate in Damascus, Syria, earlier in the month.

US Secretary of State Antony Blinken discussed on Monday a proposal for a ceasefire presented to Hamas by Israel, characterising it as «extraordinarily generous,» CNN reported. «In this moment the only thing standing between the people of Gaza and a ceasefire is Hamas,» he told World Economic Forum (WEF) President Borge Brende in the Saudi capital Riyadh. «They (Hamas) have to decide and they have to decide quickly,» he said. «I'm hopeful that they will make the right decision.»

A suspected missile attack by Yemen’s Houthi rebels targeted a ship in the Red Sea, the latest assault in their campaign against international shipping in the crucial maritime route

ALSO READ: Google layoffs: Sundar Pichai-led Alphabet's arm fires entire Python team, says report “I went downstairs and opened up my laptop. That was 21:00. I got a weird email saying 'Your Cloudtop StopInstance operation has begun' and I suddenly recalled I just had the cloudtop maintenance a few days back, it couldn't be a scheduled task, there is definitely something bad happening.

Gold and silver rate today on 29-04-2024: Check latest rates in your city “Of particular importance is the US interest rate decision, which is poised to strongly impact Gold. Anticipation of two rate cuts could provide support for gold, whereas emphasis on higher rates for a longer duration may exert pressure. Hence, the week ahead is anticipated to be pivotal for gold markets," said Jateen Trivedi, VP Research Analyst - Commodity and Currency, LKP Securities.

Oil settles higher on Middle East supply woes, US inflation data limits gains; Brent at $89/bbl “Optimism prevailed from the start of the trading session as cooling of US bond yields and letdown in middle-east conflict coupled with a drop in crude oil prices generated a lot of enthusiasm amongst the investors. With the polling season on, the market is hoping for a clear mandate in favour of the ruling party. The two-day Fed's monetary policy meeting starting Tuesday will be closely watched by global investors, although markets doesn't expect any change in the policy outcome," said Prashanth Tapse, Senior VP (Research), Mehta Equities Ltd.

humanitarian aid has risen to $320 million, a U.S. defense official and a source familiar with the matter told Reuters. The figure, which has not been previously reported, illustrates the massive scale of a construction effort that the Pentagon has said involves about 1,000 U.S. service members, mostly from the Army and Navy. Still, the cost has roughly doubled from initial estimates earlier this year, according to a person familiar with the matter.

The police crackdown on protests against the Gaza War in American universities, where students were staging sit-ins to demand a rollback of policies seen to be supportive of Israel’s offensive that has left over 35,000 Palestinians dead so far, leaves one aghast. Reminiscent of how the 1960s’ peace protests over the Vietnam War were thwacked back, cops used the sort of brutal force that makes the country’s claims of free-speech tolerance ring hollow across a globe that the US says is seeing a clash of democracy and autocracy, with America on the side of freedom.

Oil prices fell in early Asian trading on Monday, erasing gains from Friday as Israel-Hamas peace talks in Cairo eased fears of a wider conflict in the Middle East and U.S. inflation data further dimmed the prospects of interest rate cuts anytime soon. Brent crude futures fell by as much as $1, or 1.1% to $88.50 a barrel before ticking back up to $88.55 at 0149 GMT. West Texas Intermediate (WTI) futures were down 84 cents, or 1%, at $83.01 a barrel.

Yemen's Houthis have struck again, with reports emerging of an oil tanker damaged and a US drone shot down amid escalating tensions over Israel's offensive in Gaza, Al Jazeera reported. In his latest televised address, the Houthis' military spokesman, Yahya Saree, claimed responsibility for targeting the «British oil ship Andromeda Star» in the Red Sea with naval missiles. The vessel sustained minor damage, according to the US Central Command (CENTCOM), but is continuing its journey unimpeded. There were no injuries reported among the maritime military coalition deployed in the area to counter such attacks.