ibt-mailJan 16, 2025, 9:56 AM

Celebrations Erupt In Gaza After US Helps Broker Ceasefire

Newsletter Jan 16, 2025 Quick Six Celebrations erupt in Gaza after US helps broker ceasefire Qatar and the US announced a ceasefire and hostage-release deal between Israel and Hamas on Wednesday,

Newsletter Jan 16, 2025

Quick Six

Celebrations erupt in Gaza after US helps broker ceasefire
Qatar and the US announced a ceasefire and hostage-release deal between Israel and Hamas on Wednesday, adding they hoped it would pave the way for a permanent end to the war. Crowds of Gazans chanted and embraced as news spread that a ceasefire and hostage release deal had been reached between Israel and Hamas aimed at ending more than 15 months of war. After a source close to the negotiations revealed the agreement, Israel cautioned that several points "remain unresolved" that must be addressed, but celebrations were already underway in Gaza.
BIDEN OFFICIAL CREDITS TRUMP FOR HELP IN FINAL DEAL

Wall Street rallies behind another positive inflation report
Wall Street surged Wednesday in response to a second positive inflation report in as many days, sending the Dow Jones Industrial Average soaring more than 700 points and the S&P 500 to its its best day since November. The banner day on Wall Street followed good news on the inflation front as the US economy grinds its way out near-three year downturn. Tuesday's producer price index (PPI) and Wednesday's consumer price index (CPI) showed that inflation came in lower than expected in December 2024.
WHY GOOD NEWS COULD PUSH FED TO MORE RATE CUTS

US businesses concerned about Trump tariffs, immigration
US businesses are concerned about the economic impact of President-elect Donald Trump's proposals to raise tariffs and sharply curtail immigration, according to the Federal Reserve, as "contacts in several Districts expressed concerns that changes in immigration and tariff policy could negatively affect the economy." On the campaign trail, Trump threatened to impose tariffs of between 10% and 20% on all goods entering the US, and to carry out mass deportations of millions of undocumented immigrants.
THE POTENTIAL ECONOMIC IMPACTS OF TRUMP TARIFFS

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Markets

DJIA	43,221.55	1.65%
S&P 500	5,949.91	1.83%
Nasdaq Composite	19,511.23	2.45%
Japan: Nikkei 225	38,570.31	0.33%
UK: FTSE 100	8,301.13	1.21%
Crude Oil Futures	80.21	0.21%
Gold Futures	2,727.10	0.34%
Yen	155.68	-0.50%
Euro	1.03	-0.04%
* As of market close

Biden warns of 'oligarchy' in farewell speech

President Joe Biden urged Americans on Wednesday to "stand guard" against a "dangerous" oligarchy forming under Donald Trump as he delivered a dark farewell address before stepping down next week. In a speech from the Oval Office at the end of his single term in office, the 82-year-old warned of an ultra-wealthy "tech industrial complex" that could gain unchecked power. Biden also lashed out at social media firms and warned of the dangers of artificial intelligence, saying the US must take the "lead" over China on the transformative technology, and said that "powerful forces" threatened his climate achievements.

SEE BIDEN'S HARSH COMMENTS FOR TRUMP ADMINISTRATION

Red Dye No. 3 banned in US for cancer risk

President Joe Biden's administration on Wednesday announced a ban on Red Dye No. 3, a controversial food and drug coloring long known to cause cancer in animals. Decades after evidence first raised alarm, Red 3 is currently used in nearly 3,000 food products in the US. The decision follows a petition filed in November 2022 by the Center for Science in the Public Interest (CSPI) and other advocacy groups, which cited the "Delaney Clause" -- a provision mandating the prohibition of any color additive shown to cause cancer in humans or animals.

EVIDENCE SAYING IT CAUSES CANCER DATES BACK DECADES

Pineapple on pizza? It's going to cost you

A pizzeria in Norwich, England, has taken a bold stand in the polarizing pineapple-on-pizza debate by listing the controversial topping for an eye-watering £100 (around US $125) on its menu. The decision, made by Lupa Pizza, has sparked both amusement and debate over whether the fruit topping should be used on pizza. This steep price tag sits in stark contrast to the restaurant's other pizza offerings of $17 or less.

WHAT PATRONS ARE SAYING ABOUT PIE'S HEFTY PRICE TAG

Extra point

What pizza parlor owner was the first to put pineapple on its pizza?

Wednesday's answer: The first Starbucks to open outside the United States was located in Vancouver, British Columbia, Canada in 1987.

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