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Wall Street Futures Edge Higher as Soft Jobs Data Fuels Rate-Cut Hopes

  US stock futures ticked upward on Wednesday, extending Wall Street’s rebound as investors digested a weaker-than-expected ADP employment report. The data showed a surprise decline in private-sector payrolls, reinforcing expectations that the Federal Reserve may move forward with an interest rate cut at its upcoming December meeting. Market Performance Dow Jones Industrial Average futures rose about 0.2%, adding 80 points to 47,624. S&P 500 futures gained 9.25 points to 6,849.50, up 0.14%. Nasdaq 100 futures advanced 25.50 points to 25,631.50, a 0.10% increase. Key Drivers The ADP jobs report revealed a drop in private-sector employment, signaling cooling labor market conditions. This bolstered investor confidence that the Fed will ease monetary policy, with markets pricing in nearly 88% odds of a rate cut next week. Tech stocks continued to provide momentum, with Nvidia and Marvell edging higher. Crypto-linked stocks surged, with PMAX up 67%, CMCT up 30%, a...
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Liberals to Announce New Leader on March 9

 


The Liberal Party of Canada is set to announce its new leader on March 9, 2025. This announcement follows Prime Minister Justin Trudeau's decision to step down as the party leader and prime minister. The party's national board of directors has established the rules for the leadership contest, including a $350,000 entry fee for candidates.

Several prominent figures have expressed interest in running for the leadership position, including Ontario MP Chandra Arya and former Montreal MP Frank Baylis. Other potential candidates include former finance minister Chrystia Freeland, former B.C. premier Christy Clark, and several current cabinet ministers.

The new leader will guide the Liberal Party into the next federal election and will become the prime minister as long as the party remains in power. The leadership race is expected to be a significant event in Canadian politics, with many eyes on the potential candidates and their platforms.


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