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Wall Street Futures Surge as Fed Hints at More Cuts, Nvidia’s $5B Intel Bet Lifts Tech

  U.S. stock futures climbed on Thursday, with the Nasdaq leading gains, after the Federal Reserve cut interest rates by 0.25 percentage points and signaled two more reductions could follow in 2025. Dow Jones Industrial Average futures rose 0.7%, S&P 500 futures gained 0.8%, and Nasdaq 100 futures jumped 1.2%, buoyed by a sharp rally in tech stocks. Intel shares surged nearly 30% in premarket trading after Nvidia announced a $5 billion investment in the struggling chipmaker, though the deal stops short of a manufacturing partnership. The Fed’s move, aimed at supporting a slowing economy amid high inflation and a weakening labor market, initially sparked caution, but optimism returned as investors bet on a more accommodative policy path. If gains hold, the S&P 500 is set to open above 6,700 for the first time, extending September’s unexpected rally. Traders are now watching weekly jobless claims for further clues on the labor market, while corporate earnings — including ...
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How to Boost Your Financial Literacy in 5 Easy Steps

Financial literacy is the ability to understand and manage your personal finances. It involves skills such as budgeting, saving, investing, borrowing, and planning for the future. Financial literacy can help you achieve your financial goals, avoid debt, and build wealth.

Why is financial literacy important?

Financial literacy is important because it can help you make informed decisions about your money. Without financial literacy, you may not know how to:

- Create and follow a realistic budget that meets your needs and wants

- Save money for emergencies, retirement, education, or other goals

- Invest your money wisely and diversify your portfolio

- Avoid scams, frauds, and predatory lending practices

- Use credit cards responsibly and pay off your debts on time

- Understand your credit score and how to improve it

- Compare different financial products and services and choose the best ones for you

- Plan for your future and protect your assets


How can you improve your financial literacy?  You can improve your financial literacy by:

- Reading books, articles, blogs, podcasts, or videos about personal finance topics

- Taking online courses or workshops on financial education

- Consulting a financial planner, advisor, or coach who can guide you through your financial journey

- Joining a community or group of people who share your financial interests and goals

- Practicing your financial skills by applying what you learn to your own situation

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