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Wall Street Braces as Tech Rout Deepens

US markets looked set for another turbulent session as futures for the S&P 500 and Nasdaq pointed lower, signaling continued pressure on the tech sector. A wave of selling has swept through major technology names this week, and Thursday’s pre‑market action suggested the downturn isn’t over yet. Alphabet remained a major drag after its sharp slide, with investors reacting to concerns about rising AI‑related spending and the uncertain payoff timeline. The pullback has added to broader anxiety across the sector, where valuations have been tested by shifting expectations around growth and profitability. Amazon now sits in the spotlight as traders await its upcoming earnings report. With sentiment already fragile, the company’s results could either steady the market or accelerate the sell‑off, depending on how its cloud and retail segments perform. Commodities also reflected the risk‑off mood. Silver prices tumbled, extending a recent decline and underscoring the cautious tone acros...
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Arctic Blast: Winter Storm Spreads from New Orleans to Florida and Carolinas

A major winter storm that brought record-breaking snow to New Orleans has now spread into Florida and the Carolinas, causing significant disruptions and dangerous conditions. The storm, which initially slammed Texas and blanketed the northern Gulf Coast with snow, has moved eastward, bringing heavy snow, sleet, and freezing rain to parts of the Florida Panhandle, Georgia, and eastern Carolinas.

In New Orleans, the storm set a new record with 10 inches of snowfall, far surpassing the previous record of 2.7 inches set in 1963. The rare snowfall led to highway closures, grounded flights, and school cancellations. The unusual weather also prompted the first-ever blizzard warnings for several coastal counties near the Texas-Louisiana border.

As the storm continues its path, Jacksonville, Florida, is expected to see snow, sleet, and accumulating ice, leading to the closure of Jacksonville International Airport and the cancellation of classes and government offices. In eastern North Carolina, near-blizzard conditions are predicted, with up to 8 inches of snow expected in the Outer Banks.

Authorities have reported three deaths related to the cold weather, and dangerous below-freezing temperatures are expected to persist over much of the region. Residents are advised to stay indoors and monitor local forecasts as the storm moves through Georgia and the Carolinas.

Despite the challenges, many people have embraced the rare weather, engaging in snowball fights, sledding, and even urban skiing in New Orleans. The storm has certainly made for a memorable winter in the Deep South.


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