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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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Taylor Swift’s Eras Tour: A Beacon of Hope for Toronto’s Tourism Industry

 

Toronto’s tourism sector is eagerly anticipating a significant boost as Taylor Swift’s highly anticipated Eras Tour arrives in the city. With six sold-out concerts scheduled at the Rogers Centre from November 14 to 23, the pop icon’s presence is expected to draw in a massive influx of visitors and generate substantial economic benefits.

According to Destination Toronto, the Eras Tour is projected to bring in over $282 million in economic impact, with more than $152 million in direct spending. This includes expenditures on local hotels, restaurants, shops, and entertainment, as well as Swift-themed events. The majority of concertgoers are expected to be visitors from outside Toronto, contributing to the city’s tourism revival.

The excitement surrounding the concerts has led to a surge in hotel bookings, with some rooms being advertised for as much as $2,000 per night. Additionally, the city has embraced the event by temporarily renaming several streets in the downtown core as "Taylor Swift Way", further enhancing the fan experience.

Toronto’s local businesses are gearing up to welcome the influx of Swifties, with many offering special promotions and themed events. The economic boost from the Eras Tour is seen as a much-needed lifeline for the city’s tourism industry, which has faced challenges in recent years.

As Taylor Swift takes the stage, Toronto is set to shine, showcasing its vibrant culture and hospitality to fans from around the world.


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