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Wall Street Futures Climb on Fed Cut Hopes as Bitcoin Extends Steep Decline

US markets staged a rebound Friday morning, with futures for the Dow Jones Industrial Average, S&P 500, and Nasdaq all moving higher after a turbulent week. The rally was fueled by growing bets that the Federal Reserve could cut interest rates at its upcoming December meeting, following dovish comments from New York Fed President John Williams. His remarks shifted sentiment sharply, with nearly 70% of traders now expecting a rate cut. Dow futures gained 0.7% , leading the advance. S&P 500 futures rose 0.5% , while Nasdaq futures added 0.4% . The optimism comes after Thursday’s sharp sell-off, underscoring the volatility gripping markets as investors weigh AI-driven risks and Fed policy divisions. Meanwhile, cryptocurrencies continued to struggle. Bitcoin plunged to around $82,000 , marking its worst month since the 2022 crypto collapse. The decline reflects heavy institutional outflows, miner sell-offs, and broader risk-off sentiment across digital assets.
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Athens Taxis Stage 48-Hour Strike Amidst Nationwide Public Sector Unrest By Copilot

 

The bustling streets of Athens have been thrown into disarray as taxi drivers embark on a 48-hour strike, their vehicles forming a slow-moving protest convoy. But this isn’t just about fares and traffic—it’s a synchronized symphony of discontent echoing across the entire public sector.

The Taxi Drivers’ Revolt

  • Why Now?: The capital’s taxi union has called for this walkout, fueled by a series of grievances. Their demands include a reduction in taxes, access to bus lanes, and stricter regulations on ride-sharing apps. These drivers, who navigate the city’s labyrinthine streets, are feeling the pinch of newly imposed taxes on the self-employed.

  • The First Day: More than 200 taxis snaked through Athens, their yellow roofs a beacon of protest. Their message: “Enough is enough.” The streets reverberated with honks and slogans, a chorus of frustration.

Nationwide Echoes

  • Perfect Timing: The second day of the taxi strike aligns with a nationwide stoppage. Public and some private sector workers join hands in solidarity. Expect disruptions:

    • Public Transport: Commuters brace for chaos as buses, trams, and metro services stutter.
    • Grounded Flights: Air travel faces turbulence, with flights delayed or canceled.
    • Ferry Standstill: Ports echo with the lapping of idle waves as ferries remain tied up.

  • Georgios Voilis Speaks: A taxi driver and union member, Georgios Voilis, succinctly captures the sentiment: “New taxes have hammered the taxi industry.” The struggle is real, and the streets bear witness.

As Athens grapples with this synchronized unrest, the city’s heartbeat falters. The question remains: Can harmony emerge from discord? 

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