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AI Anxiety and Metal Mayhem Shake U.S. Markets

U.S. stock futures stumbled as renewed doubts about the sustainability of the artificial‑intelligence boom rippled through financial markets. Tech-heavy benchmarks led the decline, with Nasdaq futures sliding and the S&P 500 also moving lower as investors reassessed whether AI-linked valuations have run too far, too fast. The unease wasn’t limited to equities. Precious metals experienced dramatic intraday swings, with gold and silver both whipsawing after a period of rapid gains. Traders pointed to shifting expectations around interest rates and safe‑haven demand as key drivers behind the volatility. The combination of tech-sector skepticism and commodity turbulence has created a tense backdrop for markets. While some investors see the pullback as a healthy reset, others worry it may signal deeper concerns about the durability of the recent rally. Markets now look ahead to upcoming economic data and corporate earnings for clearer direction.
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High Heat Wave Sweeps Ontario: Widespread Warnings Issued by Environment Canada

 

Ontario is sweltering under a prolonged heat wave, with Environment Canada sounding the alarm about dangerously high temperatures. Communities across the province, from southwestern Ontario to the Quebec border, are at risk. Vulnerable individuals, including older adults and young children, face heightened health risks as temperatures soar. In the Greater Toronto Area and Ottawa, humidity could make it feel as hot as 45°C. Even regions further north are bracing for humidex values in the low to mid-40s. This unusual heat event, exacerbated by climate change, underscores the importance of staying hydrated, avoiding strenuous activities during peak heat, and checking on neighbors. Let’s all keep cool and look out for one another during this scorching weather.

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