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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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Santorini Shaken: State of Emergency Declared Amid Unprecedented Quake Swarm


Greek authorities have declared a state of emergency on Santorini following a relentless series of undersea earthquakes, the strongest of which—a 5.2 magnitude tremor—struck late Wednesday night. The emergency measure, effective until March 3, aims to streamline the response to the ongoing seismic crisis that has rattled the popular tourist island for nearly a week.

Over 10,000 residents and seasonal workers have already evacuated the island as hundreds of tremors have left local officials on high alert. Schools have been shut, and several cliff-top towns have been cordoned off due to the elevated risk of landslides. Emergency services—including the army, police, fire brigade, and coast guard—have been deployed across Santorini to assist with rescue and relief operations, while additional resources such as social workers and psychologists are en route to help those affected by the crisis.

Local seismologists warn that although the tremors have caused minimal structural damage so far, the seismic activity is unprecedented for the region. Experts caution that while the current swarm appears to be tectonic in nature and not directly related to volcanic activity, the possibility of a more powerful earthquake cannot be ruled out. This uncertainty has prompted officials to advise residents and tourists alike to steer clear of vulnerable coastal zones and indoor gatherings.

The situation remains fluid as the Greek government closely monitors developments. Prime Minister Kyriakos Mitsotakis is expected to visit Santorini shortly to assess the situation and demonstrate solidarity with the affected communities. As the iconic island—renowned for its picturesque vistas and vibrant tourism industry—lies unusually quiet, authorities urge calm and readiness as they navigate this natural emergency.

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