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Wall Street Edges Higher as Fed Rate Cut Decision Looms

U.S. stock futures were mixed but leaning higher on Monday as investors braced for a pivotal Federal Reserve policy meeting later this week. The Dow Jones Industrial Average futures rose about 0.2%, S&P 500 futures held near flat, and Nasdaq 100 futures dipped slightly after the tech-heavy index notched a fresh record last week. The rally has been fueled by growing expectations that the Fed will cut interest rates on Wednesday, with traders pricing in a 96% chance of a quarter-point reduction and a slim possibility of a larger 50-basis-point move. A cooling labor market — with unemployment at 4.3% and job growth slowing — has strengthened the case for policy easing. Tech stocks remain in focus, with Nvidia sliding over 2% after China’s antitrust regulator said the chipmaker violated competition laws. The news comes amid high-level U.S.-China trade talks in Madrid, adding a layer of geopolitical uncertainty to market sentiment. Despite the cautious tone, optimism around artifici...
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Looming U.S. Port Strike Threatens Supply Chain Stability

 

As the possibility of a U.S. port strike looms, experts warn of severe disruptions to supply chains that could have far-reaching consequences. The potential work stoppage at East Coast and Gulf Coast ports could lead to significant delays, with cargo backlogs lasting for weeks or even months.

Fraser Johnson, a professor at Western University’s Ivey Business School, emphasized the gravity of the situation, stating that an East Coast port strike would be “absolutely devastating” to North American supply chains. The breakdown in contract negotiations between the International Longshoremen’s Association (ILA) and port operators has heightened concerns, with no resolution in sight.

The impact of such a strike would extend beyond the U.S., affecting global trade and logistics. Businesses reliant on timely shipments could face inventory shortages, increased costs, and operational challenges. As the October 1 deadline approaches, stakeholders are anxiously monitoring the situation, hoping for a resolution that averts a major supply chain crisis.


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