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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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Ontario Introduces Comprehensive Plan to Limit Cellphone Use and Ban Vaping in Schools

 

In a groundbreaking move, the Ontario government has unveiled an ambitious plan to reduce distractions in classrooms and enhance student well-being. The plan, which aims to standardize and strengthen provincewide measures, addresses the rising concerns related to cellphone usage and vaping among students.

Key Measures:

  1. Cellphone Restrictions:

    • Students in kindergarten through Grade 6 will be required to keep their phones on silent and out of sight for the entire school day, unless explicitly permitted by an educator.
    • For students in Grades 7 to 12, cellphones will not be allowed during class time unless explicitly directed by the educator.
    • The policy emphasizes “out of sight and out of mind,” restoring focus, safety, and common sense in Ontario schools.
  2. Social Media Removal:

    • Social media websites will be removed from all school networks and devices. This step aims to minimize distractions and promote a more focused learning environment.
  3. Vaping Ban:

    • Vaping will be banned in all Ontario schools.
    • Students caught using or carrying vaping devices will be required to surrender them, with parents immediately notified of the situation.
    • The government has allocated $30 million in the 2024 budget to install vape detectors and enhance security in schools.
  4. Supports for Mental Health and Parent Engagement:

    • The government will invest $17.5 million in new wrap-around supports for student mental health and parent engagement.
    • Initiatives include providing support for students at risk of addictive behaviors and developing webinars and resources for parents and students to address the adverse effects of vaping and excessive cellphone usage.

This comprehensive plan reflects Ontario’s commitment to prioritizing student learning, safety, and well-being. By addressing distractions head-on, the province aims to create a more conducive environment for education and growth. 

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