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Market Rebounds as AI Jitters Ease Ahead of Fed Minutes

U.S. stock futures edged higher early Wednesday as investors regained their appetite for risk, encouraged by a cooling wave of anxiety surrounding the artificial intelligence sector. After several sessions marked by sharp swings in major tech names, sentiment appears to be stabilizing, giving the broader market room to breathe. The Dow Jones Industrial Average, S&P 500, and Nasdaq futures all posted modest gains in premarket trading. Much of the rebound reflects investors reassessing last week’s AI-driven volatility, which had sparked concerns about overheated valuations and the durability of the sector’s rapid growth. Attention now turns to the Federal Reserve’s upcoming meeting minutes, set for release later today. Traders are looking for clues about the central bank’s thinking on inflation, interest rates, and the broader economic outlook. While no immediate policy shift is expected, even subtle language changes could influence market direction in the days ahead. For now, th...
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Southern Europe Battles Intense Heat Wave: Acropolis Closed, Firefighters Perish in Italy

 

A severe heat wave sweeping across southern Europe has led to significant disruptions and tragic losses. In Greece, authorities were compelled to close the Acropolis, the nation’s most iconic cultural site, for several hours on Wednesday due to soaring temperatures. Tourists visiting the Parthenon temple atop the Acropolis faced extreme heat, with temperatures forecasted to reach up to 42°C (107°F) in some areas.

Meanwhile, in Italy, the heat wave has had deadly consequences. Two firefighters tragically lost their lives while combating a fire in the Basilicata region. The Italian government has issued severe heat warnings for multiple cities, including Palermo and Sicily, urging residents, especially the elderly, to stay indoors.

The heat wave, driven by hot air masses from Africa, is expected to persist through the weekend, with temperatures potentially peaking at 43°C (109°F). Other countries in the region, such as Albania and North Macedonia, are also grappling with wildfires and extreme heat, prompting emergency responses and international assistance.

As southern Europe continues to endure these extreme conditions, authorities are taking measures to protect both residents and tourists from the relentless heat.



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