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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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Mark Carney's Resounding Victory: A New Era for the Liberal Party


Mark Carney has been elected as the new leader of the Liberal Party in a decisive landslide victory, capturing nearly 86% of the vote. This marks a significant moment in Canadian politics, as Carney, a former governor of the Bank of Canada and the Bank of England, steps into the political spotlight with a strong mandate from his party.

Carney's leadership comes at a pivotal time, with the Liberal Party gearing up for an anticipated federal election. His economic expertise and fresh perspective are seen as key assets in addressing Canada's pressing challenges. In his victory speech, Carney emphasized the need for bold changes guided by Canadian values, signaling a shift in the party's direction.

Outgoing Prime Minister Justin Trudeau has pledged to assist with the transition, while Carney prepares to appoint his cabinet and outline his vision for the country's future. The political landscape is set for a dynamic shift as Carney takes the helm of the Liberal Party.

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