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Wall Street Futures Climb on Fed Cut Hopes as Bitcoin Extends Steep Decline

US markets staged a rebound Friday morning, with futures for the Dow Jones Industrial Average, S&P 500, and Nasdaq all moving higher after a turbulent week. The rally was fueled by growing bets that the Federal Reserve could cut interest rates at its upcoming December meeting, following dovish comments from New York Fed President John Williams. His remarks shifted sentiment sharply, with nearly 70% of traders now expecting a rate cut. Dow futures gained 0.7% , leading the advance. S&P 500 futures rose 0.5% , while Nasdaq futures added 0.4% . The optimism comes after Thursday’s sharp sell-off, underscoring the volatility gripping markets as investors weigh AI-driven risks and Fed policy divisions. Meanwhile, cryptocurrencies continued to struggle. Bitcoin plunged to around $82,000 , marking its worst month since the 2022 crypto collapse. The decline reflects heavy institutional outflows, miner sell-offs, and broader risk-off sentiment across digital assets.
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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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