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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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Supreme Court Decision Sparks Debate Over Alien Enemies Act


The U.S. Supreme Court has ruled in favor of former President Donald Trump, allowing the use of the Alien Enemies Act of 1798 to deport alleged Venezuelan gang members. This decision, made in a 5-4 vote, has reignited discussions about the application of this wartime law in modern times.

The Alien Enemies Act, historically employed during wartime, grants the president authority to deport individuals deemed a national security risk. Trump's administration invoked this law to expedite the deportation of members of the Tren de Aragua gang. However, the court emphasized that detainees must be given notice and an opportunity to challenge their removal through habeas corpus claims.

Critics argue that the law's application in this context exceeds its intended scope, as it was designed for wartime scenarios involving foreign governments. Supporters, however, view the decision as a victory for national security and presidential authority.

The ruling has sparked legal and ethical debates, with dissenting justices questioning the legitimacy of using the Alien Enemies Act for non-state actors like gangs. The case continues to highlight tensions between executive power and judicial oversight in immigration policy.

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