Skip to main content

Featured

Futures Steady as Tech Selloff Eases; Amazon Drops on AI Spending Surge

U.S. stock futures held steady in early premarket trading after a sharp tech-led decline earlier in the week, giving investors a moment to reassess the sector’s rapid pullback. Major index futures hovered near flat, suggesting a more measured tone after days of volatility. While sentiment remains cautious, some traders appear to be stepping back in following the recent selloff in high‑growth names. Amazon shares slipped in premarket action after the company signaled a significant increase in capital expenditures tied to artificial intelligence infrastructure. The planned investment highlights Amazon’s push to expand its AI capabilities, but the scale of spending raised concerns about near‑term pressure on margins. Market attention now turns to upcoming economic data and corporate earnings, which could help determine whether tech stocks regain momentum or continue to face headwinds. For the moment, futures point to a steadier start as investors look for the next catalyst.
Post a Comment
Read more

article

Labels

Mélanie Joly Backs Mark Carney for Liberal Leadership

 

In a significant political move, Foreign Affairs Minister Mélanie Joly has endorsed Mark Carney for the leadership of the Liberal Party of Canada. Joly praised Carney's extensive economic experience, highlighting his tenure as governor of both the Bank of Canada and the Bank of England. She emphasized his ability to navigate crises, such as the 2008 global financial meltdown and Brexit, as key reasons for her support.

Joly's endorsement comes at a crucial time, as the Liberal Party prepares for a leadership race following Prime Minister Justin Trudeau's resignation. Carney, who recently launched his campaign, has promised to tighten public finances and invest in a greener future. Joly's backing is expected to bolster his campaign, particularly in Quebec, where she has a strong network.

This endorsement also sets the stage for a competitive race, with former finance minister Chrystia Freeland also vying for the leadership. Freeland, who has been critical of Trudeau's economic policies, launched her campaign with a focus on unifying the country against external threats, including potential trade disputes with the United States.

Joly's support for Carney underscores the importance of economic expertise and crisis management in the upcoming leadership contest. As the race heats up, all eyes will be on how these endorsements shape the future of the Liberal Party and Canada's political landscape.



Labels:

Comments

Post a Comment