Global shares traded mostly higher Tuesday, as the Tokyo benchmark bounced back and calmed after last week's plunge.

France's CAC 40 edged up nearly 0.2% in early trading to 7,263.55, while Germany's DAX rose 0.3% to 17,778.44. Britain's FTSE 100 fell 0.1% to 8,201.62. U.S. shares were set to drift higher with Dow futures rising 0.3% to 39,593.00. S&P 500 futures added 0.4% to 5,391.75.

Former President Donald Trump and Vice President Kamala Harris agree on one thing, at least: Both say they want to eliminate federal taxes on workers' tips.

But experts say there's a reason Congress hasn't made such a change already. It would be complicated, not to mention enormously costly to the federal government, to enact. It would encourage many higher-paid workers to restructure their compensation to classify some of it as "tips" and thereby avoid taxes. And, in the end, it likely wouldn't help millions of low-income workers.

One of the three major credit rating firms has downgraded Israel amid the monthslong Israel-Hamas war in the Gaza Strip, signaling the economic strain the country is under as it awaits a possible retaliatory strike from Iran.

Fitch Ratings in its advisory note downgraded Israel from an “A+” rating to an “A” rating, something that can affect Israel’s borrowing rate and its ability to seek cash from international lenders.

The great inflation spike of the past three years is nearly spent — and economists credit American consumers for helping slay it.

Some of America's largest companies, from Amazon to Disney to Yum Brands, say their customers are increasingly seeking cheaper alternative products and services, searching for bargains or just avoiding items they deem too expensive. Consumers aren't cutting back enough to cause an economic downturn. Rather, economists say, they appear to be returning to pre-pandemic norms, when most companies felt they couldn't raise prices very much without losing business.