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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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Singh Rejects Conservative Non-Confidence Motion Despite Using His Own Words

NDP Leader Jagmeet Singh has announced that he will not support the Conservative Party's latest non-confidence motion, even though it quotes his own criticisms of the Liberal government. Singh stated that he refuses to play Conservative Leader Pierre Poilievre's "games" and emphasized his commitment to expanding dental care and pharmacare programs introduced under the NDP's former governing agreement with the Liberals.

The motion, expected to be introduced on Thursday, calls on the House of Commons to declare that it agrees with Singh's criticisms and has lost confidence in the government. If passed, this motion would trigger an election. However, Singh has made it clear that he is not willing to vote non-confidence and risk cutting the programs the NDP fought for.

The non-confidence vote was scheduled after Speaker Greg Fergus intervened to pause a filibuster on a privilege debate about a green technology fund. The Conservatives have said they would only end the debate if the NDP agrees to topple the government or if the Liberals turn over unredacted documents at the center of the parliamentary gridlock.

Singh's decision highlights his focus on delivering tangible benefits to Canadians rather than engaging in political maneuvering.

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