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Live updates: Iran says it's closing Strait of Hormuz over Lebanon fighting amid push to resume US talks CNNIran says it's closing Strait of Hormuz and accuses US and Israel of violating ceasefire deal BBCIran says Strait of Hormuz is closed over ceasefire violations after continued Israeli strikes in Lebanon NBC NewsIran war live: Iran shuts Hormuz; Iran-US talks to start Sunday - Pakistan Al Jazeera
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Israel continues Lebanon strikes despite fresh ceasefire NBC NewsThe death toll in the latest war between Israel and Hezbollah has surpassed 4,000, Lebanon's health ministry says AP NewsVance expects Iran talks soon, as Guards say Hormuz is closed again ReutersLive Updates: Israel and Hezbollah Exchange Fire After Cease-Fire, Complicating U.S.-Iran Peace Talks The New York TimesIran Latest: Lebanese state media reports attacks by Israel despite announced ceasefire
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Oil remains on track for a second straight weekly decline, but signs of cracks in the agreement to end the war have given traders pause.
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How China's Navy Is Tightening the Noose on Taiwan WSJBeijing details rare marine survey east of Taiwan after Tokyo-Manila talks South China Morning PostTaiwan holding off PRC at sea: officials Taipei TimesTaiwan's Lai Calls China 'Greatest Threat' Amid Japan-Philippines Maritime Talks JAPAN ForwardTaiwan tracks 5 Chinese military planes and 14 ships Taiwan News
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Trump calls Netanyahu a ‘warrior PM,' touts ‘great' ties with Israel amid tensions over Iran The Times of IsraelU.S. intelligence warns Israel is likely to undermine Iran peace deal, officials say The Washington PostHow the Iran war united, and then divided, Trump and Israel's Netanyahu CBS News
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Stocks capped off a terrible week with another slide as a warning from one of Wall Street's bellwether firm's stoked concern about the U.S. economy.
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After Thursday's close, delivery giant FedEx (FDX, -21.4%) - whose financial results are often seen as a read on broader economic conditions - issued preliminary fiscal first-quarter earnings and revenue figures that were well below estimates. The company cited a recent acceleration in "global volume softness," and specifically pointed to "macroeconomic weakness in Asia and service challenges in Europe." FDX also withdrew its outlook for the full fiscal year, and said it is initiating several cost-cutting measures to offset the effects of lowered demand, including deferring staff hiring, closing 90 FedEx office locations and ending Sunday operations for several FedEx Ground locations. The company is slated on the earnings calendar to report its full quarterly results after next Thursday's close.
Wall Street's nerves were already frayed ahead of FedEx's financial warning, as this week's red-hot inflation reading all but assured another large rate hike from the Federal Reserve at next week's meeting. But an additional contributing factor to this week's massive volatility is likely today's quadruple-witching options expiration, which is when index futures, index options, stock options and individual-stock futures all expire at once. This happens four times a year - on the third Friday in March, June, September and December - and sometimes leads to heavy volume and erratic moves in
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