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Futures Steady as Tech Selloff Eases; Amazon Drops on AI Spending Surge

U.S. stock futures held steady in early premarket trading after a sharp tech-led decline earlier in the week, giving investors a moment to reassess the sector’s rapid pullback. Major index futures hovered near flat, suggesting a more measured tone after days of volatility. While sentiment remains cautious, some traders appear to be stepping back in following the recent selloff in high‑growth names. Amazon shares slipped in premarket action after the company signaled a significant increase in capital expenditures tied to artificial intelligence infrastructure. The planned investment highlights Amazon’s push to expand its AI capabilities, but the scale of spending raised concerns about near‑term pressure on margins. Market attention now turns to upcoming economic data and corporate earnings, which could help determine whether tech stocks regain momentum or continue to face headwinds. For the moment, futures point to a steadier start as investors look for the next catalyst.
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The End of an Era: Hudson’s Bay Co. Faces Liquidation

Hudson’s Bay Company, a cornerstone of Canadian retail history, is on the brink of closure after 355 years of operation. The company, which began as a fur trading enterprise in 1670, evolved into a retail giant with department stores across Canada. However, financial struggles, including nearly $1 billion in debt, have forced the company to file for creditor protection under the Companies' Creditors Arrangement Act (CCAA).

Despite efforts to restructure and secure financing, Hudson’s Bay announced plans for a full liquidation of its business. This process, expected to conclude by June 2025, will result in the closure of all 88 Hudson’s Bay stores, along with its Saks Fifth Avenue and Saks Off 5th locations in Canada. The liquidation marks a significant loss for the Canadian retail landscape, impacting over 9,000 employees and leaving major shopping malls with vacant anchor spaces.

The company cited subdued consumer spending, post-pandemic shifts in shopping habits, and trade tensions as contributing factors to its financial decline. While Hudson’s Bay’s legacy as Canada’s oldest company will endure, its closure signals the end of an era for traditional department stores in the country.

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