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Wall Street Futures Climb on Fed Cut Hopes as Bitcoin Extends Steep Decline

US markets staged a rebound Friday morning, with futures for the Dow Jones Industrial Average, S&P 500, and Nasdaq all moving higher after a turbulent week. The rally was fueled by growing bets that the Federal Reserve could cut interest rates at its upcoming December meeting, following dovish comments from New York Fed President John Williams. His remarks shifted sentiment sharply, with nearly 70% of traders now expecting a rate cut. Dow futures gained 0.7% , leading the advance. S&P 500 futures rose 0.5% , while Nasdaq futures added 0.4% . The optimism comes after Thursday’s sharp sell-off, underscoring the volatility gripping markets as investors weigh AI-driven risks and Fed policy divisions. Meanwhile, cryptocurrencies continued to struggle. Bitcoin plunged to around $82,000 , marking its worst month since the 2022 crypto collapse. The decline reflects heavy institutional outflows, miner sell-offs, and broader risk-off sentiment across digital assets.
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Canada Post Strike Threatens Vital Donations for Local Charities


 

As the holiday season approaches, local charities are facing a significant challenge due to the ongoing Canada Post strike. This disruption is expected to lead to a sharp decline in mail-in donations, which are crucial for many non-profit organizations during this time of year.

In the Waterloo region, charities like the United Way and the Salvation Army rely heavily on mail-in donations, especially during November and December. Scott Hamilton from United Way Waterloo Region mentioned that half of their donations come through the mail during these months. Similarly, the Salvation Army received about $60,000 through mail-in donations last Christmas.

The strike has already impacted organizations like Food4Kids Waterloo Region, which reported a $10,000 shortfall due to the postal disruptions. Many charities are urging donors to consider alternative methods of giving, such as online donations, phone pledges, or in-person contributions.

To mitigate the impact, some organizations are exploring options like hand-delivering newsletters and donation requests to potential donors. Despite these efforts, the strike poses a significant threat to the fundraising efforts of many local charities, potentially affecting their ability to support those in need during the holiday season.

If you usually donate by mail, consider switching to online or other methods to ensure your contributions reach these vital organizations.


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