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Notre-Dame Cathedral Reborn: A Testament to Resilience and Restoration

  After five years of meticulous reconstruction, the iconic Notre-Dame Cathedral is set to reopen its doors to the public on December 8, 2024. The reopening ceremony will take place on December 7, marking a significant milestone in the cathedral's history. The fire on April 15, 2019, caused extensive damage to the historic cathedral, collapsing its iconic spire and causing significant harm to its roof, stained-glass windows, and interior artworks. Despite initial doubts and estimates that the restoration could take up to 40 years, French President Emmanuel Macron's ambitious goal to complete the reconstruction within five years has been achieved. The restoration project, costing around $737 million, was funded by donations from 340,000 individuals across 150 countries. The project involved the efforts of 2,000 artisans and 250 companies, who worked tirelessly to restore the cathedral to its former glory. The new roof and spire have been built using 1,500 trees, including the ta...
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Stock Market Today: US Futures Slip as Wait for Nvidia Earnings Nears Its End

                                                

U.S. stock futures are showing signs of caution as investors eagerly await Nvidia’s pivotal earnings report and minutes from the Federal Reserve’s last meeting. Here are the key points driving today’s market sentiment:

  1. Nvidia’s Earnings Anticipation:
    • AI Bellwether: Nvidia (NVDA), a leading artificial intelligence (AI) chipmaker, is set to release its first-quarter results after the closing bell. Investors are closely monitoring the company’s performance, especially given sky-high earnings expectations.
    • Market Impact: The chipmaker’s share price is expected to make a significant move based on the results. Options markets imply an 8.6% swing in either direction, making it a critical moment for tech investors.
    • Bullish Outlook: Despite short-term uncertainties, many analysts remain bullish on Nvidia’s long-term growth prospects, particularly in the AI chip sector.
  1. Federal Reserve Clues:
    • Inflation Concerns: The Federal Reserve’s minutes from its last meeting are under scrutiny. Investors are looking for any deviation from policymakers’ repeated message that they want to be more confident about inflation cooling down before considering rate cuts.
    • UK Inflation Data: Ahead of the release, UK inflation data hinted at persistent price pressures, adding to market jitters.
  1. Target’s Earnings Disappointment:
    • Consumer Behavior: Retail giant Target (TGT) reported quarterly earnings that fell short of expectations. Consumers held off on nonessential purchases due to inflation concerns, leading to an 8% pre-market slide in Target’s shares.

In summary, today’s market hinges on Nvidia’s performance and the Fed’s stance on inflation. Investors are bracing for potential volatility, making it a crucial test for the broader market.

Stay tuned for further updates as the day unfolds.

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