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Wall Street Braces as Tech Rout Deepens

US markets looked set for another turbulent session as futures for the S&P 500 and Nasdaq pointed lower, signaling continued pressure on the tech sector. A wave of selling has swept through major technology names this week, and Thursday’s pre‑market action suggested the downturn isn’t over yet. Alphabet remained a major drag after its sharp slide, with investors reacting to concerns about rising AI‑related spending and the uncertain payoff timeline. The pullback has added to broader anxiety across the sector, where valuations have been tested by shifting expectations around growth and profitability. Amazon now sits in the spotlight as traders await its upcoming earnings report. With sentiment already fragile, the company’s results could either steady the market or accelerate the sell‑off, depending on how its cloud and retail segments perform. Commodities also reflected the risk‑off mood. Silver prices tumbled, extending a recent decline and underscoring the cautious tone acros...
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Don Davies Appointed Interim Leader of NDP Amid Party Transition

 

In a significant shift for the New Democratic Party (NDP), British Columbia MP Don Davies has been appointed as the interim leader following the resignation of Jagmeet Singh. The decision was made by the party’s federal council, which convened after the NDP’s disappointing performance in the recent federal election.

Davies, who previously served as the party’s health critic, played a key role in negotiating dental care and pharmacare legislation with the Liberal government. His leadership comes at a critical time, as the NDP faces challenges after losing official party status, with only seven seats remaining in the House of Commons.

The party has yet to determine the rules and timing for a leadership contest to select a permanent leader. In the meantime, Davies is expected to focus on rebuilding support, strengthening party infrastructure, and advocating for core NDP policies, including public health care, affordable housing, and fair taxation.

With the NDP at a crossroads, Davies’ leadership will be instrumental in shaping the party’s future direction and strategy. His experience and commitment to progressive policies may help the party regain momentum in the coming months.


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