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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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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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