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Israeli soldiers stand near a car that was direct hit by a rocket fired from the Gaza Strip on the Kibbutz Erez. Photo: Ilia Yefimovich/picture alliance via Getty Images

More than 600 rockets were fired from the Gaza Strip within 24 hours on Sunday, killing at least 4 Israeli civilians for the first time since the 2014 war with Hamas, AP reports.

The big picture: The barrage of rocket attacks marks one of Israel and Gaza's "most intense flareups of violence in years," per AP. The Israeli military said it retaliated with 0ver 220 airstrikes against "high-quality" militant sites, with Prime Minister Benjamin Netanyahu promising that Hamas will be held accountable for both its own actions and the actions of the Palestinian Islamic Jihad movement, which operates out of Gaza.

  • Israel's military said 8 militants were killed in retaliatory airstrikes. Palestinian officials said the strikes killed at least 18, though IDF spokesman Jonathan Conricus claimed several civilians — including a pregnant woman and her niece — were killed by a misfired Palestinian rocket. "The conflicting accounts could not immediately be reconciled," AP notes.
  • The deadly exchange comes in spite of a truce agreed to last month, with Egypt and the United Nations engaged in efforts to "broker a longer-term ceasefire," BBC News reports.

Go deeper: The latest on the White House's upcoming "peace plan"

Go deeper

Ben Geman, author of Generate
33 mins ago - Energy & Environment

Exxon says it's well-positioned amid investor pressure

Illustration: Aïda Amer/Axios

ExxonMobil said Wednesday that its oil-and-gas development plans will create good returns even at modest oil prices as the company looks to win back investor confidence after several rocky years.

Driving the news: The company, just ahead of an investor presentation this morning, said its investments are designed to generate returns of over 30% and touted its spending reductions.

49 mins ago - Technology

Google says goodbye to individual user tracking

Illustration: Sarah Grillo / Axios

Google made clear Wednesday that after it finished phasing out third-party cookies over the next year or so, it won't introduce other forms of identifiers to track individuals as they browse across the web.

Why it matters: The move comes amid increased scrutiny over the way tech giants use consumer data to reinforce their dominance, particularly around personalized advertising.

Dion Rabouin, author of Markets
3 hours ago - Economy & Business

The Fed could be firing up economic stimulus in disguise

Federal Reserve governor Lael Brainard at a "Fed Listens" event. Photo: Eric Baradat / AFP via Getty Images.

Even as global growth expectations increase and governments pile on fiscal spending measures central bankers are quietly restarting recession-era bond-buying programs.

Driving the news: Comments Tuesday from Fed governor Lael Brainard suggest the Fed may be jumping onboard the global monetary policy rethink and restarting a program used following the 2008 global financial crisis.