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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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Canada's Premiers and Trudeau Discuss Bailout Plan in Response to Trump Tariffs

 


In a high-stakes meeting in Ottawa, Prime Minister Justin Trudeau and Canada's premiers gathered to address the looming threat of tariffs promised by U.S. president-elect Donald Trump. The tariffs, set to be implemented shortly after Trump takes office for his second non-consecutive term, could impose a sweeping 25 percent levy on all Canadian goods entering the United States.

The meeting, requested by the premiers, aimed to develop a cohesive national response to the potential economic fallout. Ontario Premier Doug Ford, who has been vocal about the severe impact these tariffs could have, estimated that up to 500,000 jobs in Ontario alone could be at risk. Ford emphasized the need for "tough retaliatory tariffs" to defend Canadian interests.

Trudeau assured the premiers that the federal government is prepared with a "strong, national response" and highlighted the importance of maintaining a successful partnership with the United States. The discussions also focused on opportunities for increased and deepened partnership with the U.S., despite the tariff threat.

Finance Minister Dominic LeBlanc, who has been leading Canada-U.S. matters, presented parts of a border security plan designed to appease Trump's concerns about drugs and migrants. This plan, which includes increased surveillance and resources for the RCMP, aims to mitigate the impact of the tariffs while addressing U.S. demands.

As the premiers and Trudeau continue to navigate this complex issue, the outcome of their discussions will be crucial in shaping Canada's economic future and its relationship with the United States.


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