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Wall Street Futures Surge as Fed Hints at More Cuts, Nvidia’s $5B Intel Bet Lifts Tech

  U.S. stock futures climbed on Thursday, with the Nasdaq leading gains, after the Federal Reserve cut interest rates by 0.25 percentage points and signaled two more reductions could follow in 2025. Dow Jones Industrial Average futures rose 0.7%, S&P 500 futures gained 0.8%, and Nasdaq 100 futures jumped 1.2%, buoyed by a sharp rally in tech stocks. Intel shares surged nearly 30% in premarket trading after Nvidia announced a $5 billion investment in the struggling chipmaker, though the deal stops short of a manufacturing partnership. The Fed’s move, aimed at supporting a slowing economy amid high inflation and a weakening labor market, initially sparked caution, but optimism returned as investors bet on a more accommodative policy path. If gains hold, the S&P 500 is set to open above 6,700 for the first time, extending September’s unexpected rally. Traders are now watching weekly jobless claims for further clues on the labor market, while corporate earnings — including ...
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Macron Stands Firm Amid Political Turmoil, Vows to Appoint New Prime Minister

 

In a defiant televised address, French President Emmanuel Macron has rejected calls to step down following the ousting of Prime Minister Michel Barnier in a historic no-confidence vote. Macron, who is halfway through his second and final term, promised to appoint a new prime minister within days to navigate the country through its current political crisis.

The no-confidence vote, which marked the first time a French government has been toppled in over 60 years, was driven by a coalition of far-right and left-wing factions. Macron criticized these groups for creating an "anti-republican front" and accused them of prioritizing their political agendas over the needs of the French people.

Despite the political upheaval, Macron emphasized his commitment to fulfilling his five-year mandate, which ends in 2027. He stated that the new prime minister's primary task would be to form a government capable of passing the 2025 budget, a critical step to ensure the continuity of public services and economic stability.

Macron's decision to stand firm comes as France faces significant economic challenges, including a substantial budget deficit. The president acknowledged the difficulties ahead but expressed confidence in the country's ability to overcome them, drawing parallels to the successful reconstruction of Notre Dame Cathedral after the 2019 fire.

As the nation awaits the appointment of a new prime minister, Macron's leadership will be crucial in steering France through this period of uncertainty and ensuring that the government remains functional and effective.





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