Skip to main content

Featured

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 ...

article

High Stakes Negotiations: Trudeau and Trump to Address Trade War Turmoil

 

In a dramatic escalation of North American trade tensions, President Donald Trump has recently imposed steep new tariffs on Canadian exports, a move that has reignited fears of a full-blown trade war across the continent. The tariffs—which include a 25% levy on a broad range of goods—are aimed at reducing the United States’ trade deficit and curbing illegal immigration and drug trafficking, claims Trump has reiterated in recent statements.

In response, outgoing Canadian Prime Minister Justin Trudeau is scheduled to speak with Trump later today. Trudeau’s office confirmed the call as Canadian leaders scramble to prepare a robust retaliatory strategy that could involve matching tariffs on American goods, a move that Trudeau warned would ultimately drive up prices for U.S. consumers by disrupting key markets such as automobiles, lumber, and energy citeturn0search18. “We know that if the United States is going to see an increase in jobs and growth, it will require more of our essential products,” Trudeau noted, emphasizing that only a minuscule portion of the issues cited by Trump—such as illegal drug flows—originate from Canada .

As both leaders face domestic pressures—Trudeau with a pending leadership transition and Trump with promises of an economic “golden age”—today’s conversation is expected to be a critical test of their ability to navigate complex economic interdependencies and avert long-term damage to one of the world’s most integrated trading relationships. Both sides appear determined to protect their national interests, even if it means higher costs for consumers and potential disruptions in North American supply chains.

Comments