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Wall Street Futures Surge as Fed Hints at More Cuts, Nvidia’s $5B Intel Bet Lifts Tech

  U.S. stock futures climbed on Thursday, with the Nasdaq leading gains, after the Federal Reserve cut interest rates by 0.25 percentage points and signaled two more reductions could follow in 2025. Dow Jones Industrial Average futures rose 0.7%, S&P 500 futures gained 0.8%, and Nasdaq 100 futures jumped 1.2%, buoyed by a sharp rally in tech stocks. Intel shares surged nearly 30% in premarket trading after Nvidia announced a $5 billion investment in the struggling chipmaker, though the deal stops short of a manufacturing partnership. The Fed’s move, aimed at supporting a slowing economy amid high inflation and a weakening labor market, initially sparked caution, but optimism returned as investors bet on a more accommodative policy path. If gains hold, the S&P 500 is set to open above 6,700 for the first time, extending September’s unexpected rally. Traders are now watching weekly jobless claims for further clues on the labor market, while corporate earnings — including ...
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UK Election 2024: Labour Sweeps to Power in Historic Victory

After more than a decade in opposition, Britain’s Labour Party has emerged victorious in the 2024 general election. The jaded electorate handed the party a landslide win, but now they face the mammoth task of reinvigorating a stagnant economy and a dispirited nation. Here’s what you need to know about this historic election:

The Results

  • Labour Party: Swept to power with a commanding lead, marking the first time in 14 years that a new party has taken control.
  • Conservatives: Gained some support but fell short in the face of Labour’s surge.
  • Reform UK: Held third place, with their earlier rise in support stalling during the campaign’s final weeks.
  • Liberal Democrats: Surpassed their starting position in the polls.
  • Greens, SNP, and Plaid Cymru: Remained relatively stable throughout the campaign.

What Comes Next?

As the dust settles, the new Prime Minister, Keir Starmer, faces the challenge of revitalizing the economy and restoring hope to a weary nation. Meanwhile, the monarchy plays a crucial role: King Charles III must officially appoint the winner as Prime Minister. The eyes of the world are on Britain as it charts a new course under Labour’s leadership.

Stay tuned for further developments as the government takes shape and policies unfold. The UK’s future hangs in the balance, and the decisions made in the coming months will shape the nation for years to come. 

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