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Futures Steady as Tech Selloff Eases; Amazon Drops on AI Spending Surge

U.S. stock futures held steady in early premarket trading after a sharp tech-led decline earlier in the week, giving investors a moment to reassess the sector’s rapid pullback. Major index futures hovered near flat, suggesting a more measured tone after days of volatility. While sentiment remains cautious, some traders appear to be stepping back in following the recent selloff in high‑growth names. Amazon shares slipped in premarket action after the company signaled a significant increase in capital expenditures tied to artificial intelligence infrastructure. The planned investment highlights Amazon’s push to expand its AI capabilities, but the scale of spending raised concerns about near‑term pressure on margins. Market attention now turns to upcoming economic data and corporate earnings, which could help determine whether tech stocks regain momentum or continue to face headwinds. For the moment, futures point to a steadier start as investors look for the next catalyst.
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Eastern Bangladesh Struggles Amid Deadly Flooding

 

Floodwaters Devastate Eastern Region Millions of people in eastern Bangladesh are grappling with severe flooding caused by heavy monsoon rains. The situation has led to evacuations, deaths, and widespread displacement.

Stranded and Cut Off The worst-hit districts, including Cumilla, Feni, and Noakhali, have seen power outages and severed road links. Many residents are stranded near their homes, which are inundated with floodwater. Travel and communication between the capital, Dhaka, and the southeastern port city of Chattogram have been disrupted due to waterlogged highways.

Rescue Efforts Underway Rescuers are working tirelessly to reach those in need, but the rising waters from upstream Tripura state have made their task challenging. Volunteers with boats and speedboats are struggling to communicate with affected people, as mobile networks are down in many areas. The military and other authorities have initiated rescue operations.

Blaming India Some in Bangladesh have blamed India for the flash floods, alleging that India opened a river dam in Tripura, causing sudden floods downstream. However, India’s Ministry of External Affairs denies this claim.

In summary, eastern Bangladesh faces a dire situation as floodwaters continue to wreak havoc. Evacuations, rescue efforts, and communication challenges persist, leaving communities in distress.

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