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Wall Street Futures Rise on Bank Earnings and Rate-Cut Optimism

U.S. stock futures climbed Wednesday as strong bank earnings and renewed hopes for Federal Reserve rate cuts helped ease investor concerns over U.S.-China tensions. The Dow Jones Industrial Average gained over 200 points in premarket trading, while the S&P 500 and Nasdaq 100 also advanced, buoyed by optimism surrounding the start of earnings season. Bank of America reported a 23% jump in profit, joining other major lenders in posting robust results that reassured markets about the financial sector’s resilience. Investors are also betting on potential interest-rate cuts as the Federal Reserve faces mounting pressure to support growth amid trade frictions and a prolonged U.S. government shutdown. The combination of strong corporate performance and policy optimism has lifted sentiment after a volatile session earlier in the week. Global markets mirrored the upbeat tone, with Asian and European equities edging higher, while the dollar weakened and gold prices steadied. Analysts ...
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Trump's 'Long Live the King' Post Draws Widespread Criticism

 

Former President Donald Trump's recent social media post declaring "Long Live the King" has ignited a firestorm of controversy and backlash. The post, which was shared on Trump's Truth Social account, celebrated the administration's decision to end congestion pricing tolls in New York City. The official White House social media accounts further amplified the message by sharing an image of Trump wearing a crown, accompanied by the same proclamation.

Critics from across the political spectrum have condemned the post as "embarrassing and disrespectful to our country". Many have expressed concern over the implications of a president referring to himself as a king, with some drawing comparisons to how right-wing media might have reacted if former presidents Barack Obama or Joe Biden had made a similar statement. The backlash has been particularly intense on social media platforms, where users have voiced their disapproval and questioned the appropriateness of the post.

Supporters of Trump, however, have defended the post, arguing that it is merely a form of trolling and should not be taken seriously. They have dismissed the criticism as an overreaction and have praised Trump for his ability to provoke strong reactions from his opponents.

The controversy comes at a time when Trump continues to embrace monarchical imagery, further fueling debates about his leadership style and the direction of his political movement.



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