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Futures Climb as Strong Jobs Data Refocuses Wall Street on Fed Policy

U.S. stock futures edged higher after a surprisingly strong jobs report reignited debate over the Federal Reserve’s next moves on interest rates. Futures tied to the Dow Jones Industrial Average, S&P 500, and Nasdaq all posted early gains, signaling renewed confidence following a volatile stretch in the markets. The robust labor data underscored the economy’s resilience, but it also complicated expectations for near‑term rate cuts. A hotter‑than‑expected job market can give the Fed reason to keep borrowing costs elevated longer than investors had hoped. As a result, traders are now watching upcoming inflation readings and corporate earnings for clearer direction. Tech shares continued to draw attention, with some companies facing pressure from margin concerns even as enthusiasm around artificial intelligence remains strong. Market participants are preparing for additional economic data later in the week that could further shape the outlook for monetary policy and equity performa...
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South Korean Parliament Impeaches President Yoon Over Martial Law Decree

 

In a historic move, South Korea's parliament voted to impeach President Yoon Suk Yeol following his controversial martial law decree on December 3rd. The National Assembly passed the motion with a significant majority, 204-85. This decision came after Yoon's short-lived martial law order, which lasted only six hours before being unanimously overturned by parliament.

The impeachment motion was driven by allegations of rebellion and a violation of the constitution, as Yoon's decree was seen as an attempt to undermine democratic processes. Prime Minister Han Duck-soo will assume presidential duties while the Constitutional Court reviews the impeachment, a process that could take up to 180 days.

The impeachment has sparked widespread public reaction, with jubilant crowds celebrating outside the National Assembly. President Yoon, in a statement, vowed to continue serving the country despite the temporary suspension of his powers.


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