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Wall Street Futures Tick Higher as 2026 Trading Begins

U.S. stock futures moved higher early Friday, signaling a confident start to the first trading session of 2026. The gains follow a strong multi‑year run for equities and come as investors look ahead to a new year of economic and corporate developments. Dow Jones Industrial Average futures edged up, S&P 500 futures posted a modest rise, and Nasdaq futures led the early advance with a stronger uptick. The move reflects continued enthusiasm for technology and growth‑oriented sectors, which helped drive markets through much of the previous year. Despite bouts of volatility in late 2025, major indexes closed the year with solid performance, supported by resilient consumer spending, easing inflation pressures, and expectations of a more accommodative monetary environment. As 2026 begins, traders are watching several themes: the timing and pace of potential interest‑rate cuts, the durability of tech‑sector leadership, and whether gains will broaden across more industries. Early future...

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Data Derailed: $900 Million Cut from U.S. Education Research

 

In a dramatic move that has rattled the education community, Elon Musk’s cost-cutting initiative, the Department of Government Efficiency (DOGE), has slashed nearly $900 million in contracts from the U.S. Department of Education’s research arm, the Institute of Education Sciences (IES). The cuts—announced via a DOGE post on the social media platform X—affect dozens of multi‐year agreements designed to track student learning from kindergarten through high school.

According to DOGE, 89 contracts totaling approximately $881 million have been terminated, with one contractor’s $1.5 million deal to “observe mailing and clerical operations” cited as an example of expenditures deemed wasteful. While the move spares flagship projects such as the National Assessment of Educational Progress (NAEP)—widely known as the nation’s report card—as well as data tools like the College Scorecard, critics worry that the broader impact will be felt in the erosion of long-term educational research.

Lawmakers and education experts have expressed strong concerns that the termination of these contracts will undermine the ability to collect and analyze essential data on school performance and student outcomes. Senator Patty Murray, a former preschool teacher and a vocal advocate for robust public education research, lambasted the decision as “bulldozing the research arm” of the Education Department. “Without such research, our ability to pinpoint achievement gaps and to improve educational practices is severely compromised,” she said.

Supporters of the cuts argue that they are a necessary step in eliminating inefficiencies and ensuring that taxpayer dollars are spent wisely. A spokesperson for the department explained that the canceled contracts were identified as “waste, fraud, and abuse” and that the action aligns with an administration-wide effort to focus on “meaningful learning.”

This sweeping retrenchment comes amid ongoing debates over the federal role in education. President Donald Trump has long promised to decentralize education and return more control to the states—a vision that now appears to be taking shape through DOGE’s aggressive budget-cutting measures. However, as researchers and local educators brace for potential fallout, the long-term implications of dismantling a key source of national education data remain deeply uncertain.

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