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Wall Street Futures Climb as Alphabet Wins Key Antitrust Ruling; Jobs Data in Focus

  U.S. stock futures rose on Wednesday, led by gains in tech heavyweights after a favorable court ruling for Alphabet. The S&P 500 and Nasdaq futures advanced, while Dow futures were little changed ahead of closely watched labor market data. Alphabet shares jumped over 5% in premarket trading after a Washington judge ruled the company will not be forced to sell its Chrome browser but must share certain data with rivals. The decision also allows Google to continue lucrative payments to Apple, sending the iPhone maker’s stock higher. Analysts said the ruling removes a major legal overhang for Big Tech and signals a preference for pragmatic remedies over structural breakups. Investors are now turning their attention to the Job Openings and Labor Turnover Survey (JOLTS) report, due later in the morning, as part of a week packed with employment data culminating in Friday’s nonfarm payrolls. Weakness in recent jobs reports has fueled expectations of a September interest rate cut, ...
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NDP Won’t Support Liberal $250 Rebate Plan Unless Eligibility Expanded: Singh


NDP Leader Jagmeet Singh has announced that his party will not support the Liberal government's $250 rebate plan unless it is expanded to include the most vulnerable Canadians. The current proposal, part of a broader affordability package, aims to provide $250 to more than 18.7 million Canadians who earned less than $150,000 in 2023.

Singh emphasized that the rebate should also cover seniors, students, people on disability benefits, and those who were unable to work last year. He initially supported the idea, believing it would benefit anyone earning under $150,000, but the current plan only includes those who had an income.

Finance Minister Chrystia Freeland's office responded, stating that it is "categorically false" to say seniors and people with disabilities are excluded, as many of them work and would qualify if they meet the income criteria.

The proposed measures are set to be included in the fall economic statement, with the GST holiday beginning in mid-December and lasting for two months.




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