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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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TSB Investigates Cause of Halifax Plane Incident: Tilt and Flames During Landing

 

The Transportation Safety Board of Canada (TSB) has launched an investigation into a dramatic incident involving an Air Canada Express flight at Halifax Stanfield International Airport. The incident occurred late Saturday night when the Bombardier Q400 aircraft, operated by PAL Airlines, experienced a rough landing that caused the plane to tilt and sparks to fly from its wing, igniting flames.

Passengers on board reported feeling a "massive rumble" upon landing, followed by the sight of sparks and flames, and smoke entering the cabin. Airport spokesperson Tiffany Chase confirmed that the plane, arriving from St. John's, N.L., experienced a suspected landing gear issue, which prevented it from reaching the terminal.

Despite the alarming situation, all 73 passengers and crew members were safely evacuated by bus, with no serious injuries reported. The airport was temporarily closed for about 90 minutes, causing flight diversions and cancellations.

The TSB's investigation aims to determine the exact cause of the landing gear malfunction and assess whether any safety protocols were breached. The aviation community is closely watching the investigation, hoping to prevent similar incidents in the future.



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