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  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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Trudeau Acknowledges: Trump's Annexation Threat Is More Than Just Banter

In a surprising hot-mic moment at a closed-door business summit in Toronto, Canadian Prime Minister Justin Trudeau candidly remarked that U.S. President Donald Trump’s talk of absorbing Canada as the “51st state” might be more than just playful rhetoric. Speaking to a group of business and labor leaders, Trudeau suggested that Trump’s persistent focus on Canada’s abundant critical minerals and economic assets could indicate a serious—if unlikely—plan to use economic pressure to reshape North American trade relations.

Trudeau’s off-the-record comments, inadvertently captured when his microphone was left on, reveal growing concern among Canadian officials about the long-term political and economic implications of Trump’s expansionist language. While public statements from both leaders have dismissed the notion as mere jest, the prime minister’s remarks underscore that the threat of steep tariffs and aggressive trade tactics is real enough to prompt a strategic national response.

Despite the provocative exchange, Canadian leaders remain united in dismissing any possibility of annexation. They emphasize that Canada’s legal framework, political will, and national pride make any merger with the United States practically unfeasible. The incident has reignited debates on how best to safeguard Canada’s economic interests and reinforce its sovereignty amid unpredictable U.S. policies.

Trudeau’s unexpected admission serves as a reminder that beneath the surface of international trade negotiations and political posturing, the stakes remain high for Canada as it navigates a challenging relationship with its powerful neighbor.

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