Washington Financial News

Gladiator 2 so far.

By Jonathan Stempel

By David Morgan and Katharine Jackson

WASHINGTON (Reuters) — Tennessee Attorney General Jonathan Skrmetti's office said on Monday that there would be a press conference on Tuesday with five other states to discuss a big-tech investigation.

Israel is determined to crush Hamas but has said little about what would replace its rule in Gaza after the war, with observers expecting Washington will play a decisive role. «One thing is clear: the Gaza Strip will not be ruled by Hamas once this war is over,» Israeli government spokesman Eylon Levy told AFP as Israel's military steps up strikes in preparation for a widely-expected ground offensive.

By Chris Prentice

Investing.com — Rising U.S. Treasury yields continue to weigh on stock markets at the start of a week that includes the release of earnings from a number of tech giants. Crude slips back as aid enters Gaza, while Apple is under pressure as its main supplier, Foxconn, faces a tax probe in China.

By David Shepardson

Gaza with air strikes early on Monday and its aircraft struck southern Lebanon overnight, as Israeli Prime Minister Benjamin Netanyahu convened a meeting of his top generals and his war cabinet to assess the escalating conflict. Israel's attacks concentrated on the Gaza Strip's centre and north, Palestinian media reported. A strike on a house near the Jabalia refugee camp, in northern Gaza, killed several Palestinians and wounded others, according to media reports.

By Wayne Cole

Middle East clouded sentiment in a week laden with data on U.S. growth and inflation as well as earnings from some of the world's largest tech companies. Washington warned over the weekend of a significant risk to U.S. interests in the region as ally Israel pounded Gaza and clashes on its border with Lebanon intensified. The European Central Bank and Bank of Canada also hold policy meetings and, while no hikes are expected, investors will be sensitive to guidance on futures moves. A recent surge in bond yields has tightened monetary conditions without the central banks having to do anything, allowing the Federal Reserve to signal it will likely stay on hold at its policy meeting next week.

By Kanishka Singh and Crispian Balmer

By Kanishka Singh

WASHINGTON—Big energy producers are sparring over billions of dollars in subsidies from last year’s climate law, a fight that pits the Biden administration’s goals for economic growth against its efforts to reduce greenhouse-gas emissions. The battle is over subsidies to produce clean hydrogen, a potential alternative to oil and natural gas in industries such as steelmaking and trucking where renewable energy and batteries alone aren’t adequate.

Track the latest updates on Israel-Hamas war The development comes at a time when the US has sent USS Gerald R Ford, its most advanced carrier, along with a battle group to the West Asia region. Washington is also assisting Israel with A-10 Warthog and F-15E attack planes, along with the latest munitions as the Benjamin Netanyahu-led regime continues its offensive on Gaza. Meanwhile, Chinese President Xi Jinping on October 19 reiterated Beijing's long-held view that supports the creation of a sovereign state of Palestine.

WASHINGTON (Reuters) -The top job in the U.S. House of Representatives remained vacant on Saturday, after hardline Republican Jim Jordan failed in his third bid for the gavel and dropped out of the race.

Eyes partner Canada in urging India not to insist on a reduction in Canada's diplomatic presence and have expressed concern over Ottawa's withdrawal of 41 diplomats amid the dispute over the murder of Khalistani terrorist Hardeep Singh Nijjar. «We are concerned by the departure of Canadian diplomats from India, in response to the Indian government's demand of Canada to significantly reduce its diplomatic presence in India,» US State Department spokesperson Matthew Miller said on Friday. In a near simultaneous statement, a spokesperson for Britain's Foreign Office said, «We do not agree with the decisions taken by the Indian government that have resulted in a number of Canadian diplomats departing India.» Washington has said it took Canada's allegations seriously and, along with London, urged India to cooperate with Ottawa in the murder probe even as Western powers have been reluctant to openly condemn India given their growing strategic ties with New Delhi. However, Friday's statements from the US State Department and Britain's Foreign Office have been the most direct criticism by Washington and London of New Delhi thus far in this case. «Resolving differences requires diplomats on the ground.

Republicans voted to remove Rep. Jim Jordan, R-Ohio, as their speaker nominee, a race for the top position has begun within the divided House Republican conference.

Pakistan's ballistic missile program. A U.S. State Department statement identified the firms as General Technology Limited, Beijing Luo Luo Technology Development Co Ltd, and Changzhou Utek Composite Company Ltd. It said General Technology had worked to supply brazing materials used to join components in ballistic missile rocket engines and in the production of combustion chambers; Beijing Luo Luo had worked to supply mandrels and other machinery, which can be used in the production of solid-propellant rocket motors, the U.S.

WASHINGTON (Reuters) -Palestinian Islamist group Hamas' Oct. 7 attack on Israel that killed about 1,400 people aimed to disrupt a potential normalization of ties between Israel and Saudi Arabia sought by Riyadh, U.S. President Joe Biden said on Friday.

By Kanishka Singh and Costas Pitas