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Intel’s Weak Earnings Put Futures on Ice After a Choppy Week

U.S. stock futures lost momentum Friday morning as Wall Street tried to steady itself after several days of sharp swings. Dow futures slipped, while S&P 500 and Nasdaq futures hovered slightly lower, signaling a cautious start to the trading day. The hesitation came largely from Intel’s disappointing earnings report. The chipmaker’s results and weaker outlook weighed heavily on tech sentiment, sending its shares sharply lower in pre‑market trading. Investors had hoped for stronger numbers given the industry’s AI‑driven momentum, but Intel’s update suggested ongoing challenges in key segments like data‑center chips. The broader market has been wrestling with volatility all week, driven by shifting economic expectations and uneven corporate results. With the S&P 500 on track for another weekly decline, traders appear reluctant to make big moves until they see clearer signs of stability.
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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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