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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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Snowfall Siege: Ontario Grapples with Record Snow Squalls


Ontario is currently experiencing a severe snow squall event, with some areas expected to see snowfall totals exceeding 100 cm by the end of the weekend. The powerful lake-effect snow has already blanketed Bracebridge with 55 cm of snow as of Friday evening.

The multi-day event, which began on Thursday, is predicted to continue through Sunday, bringing heavy snowfall rates of 5-10 cm per hour. Environment and Climate Change Canada has issued snow squall warnings, urging residents to prepare for rapidly changing and deteriorating travel conditions.

Communities from Kincardine to Dundalk and Parry Sound to Barrie are expected to be hit hardest, with potential whiteout conditions and near-zero visibility. Sault Ste. Marie is also bracing for significant snowfall, with accumulations of 30-50 cm anticipated.

While the snowfall is a boon for Ontario's ski resorts, it poses challenges for drivers and travelers. Authorities advise caution and staying updated on road conditions.




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