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Tech Momentum and Fed Anticipation Propel Wall Street to New Heights

  U.S. stock futures climbed Wednesday morning, continuing a record-setting streak as investors rallied behind Nvidia’s meteoric rise and anticipated a pivotal decision from the Federal Reserve. The Dow Jones Industrial Average , S&P 500 , and Nasdaq 100 futures all posted gains, with the Nasdaq leading at a 0.5% increase, buoyed by tech optimism Nvidia (NVDA) surged in premarket trading, adding to its recent rally after CEO Jensen Huang’s keynote at the GTC event highlighted new AI partnerships and a bullish outlook for the industry. The company is now nearing a historic $5 trillion market valuation, driven by expectations of $500 billion in AI chip sales Investor sentiment was further lifted by speculation that former President Trump may ease restrictions on Nvidia’s sales to China, potentially boosting demand for its Blackwell AI processor Meanwhile, all eyes are on the Federal Reserve , which is widely expected to announce a 25 basis point interest rate cut at 2 p.m....
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Poilievre Declines Severance After Election Defeat, Signaling Fiscal Responsibility

Conservative Leader Pierre Poilievre has declined the severance package offered to defeated Members of Parliament following his unexpected loss in the Ontario riding of Carleton. Poilievre, who had held the seat for two decades, was defeated by Liberal candidate Bruce Fanjoy in a closely contested race.  

Despite the setback, Poilievre remains committed to his principles of fiscal responsibility, rejecting the severance that MPs typically receive upon losing their seats. His decision aligns with his long-standing stance on government spending and accountability.  

Poilievre’s loss has sparked discussions about his future in the Conservative Party, with some members rallying behind him while others question his leadership moving forward. However, his rejection of severance sends a clear message about his commitment to financial prudence, a key pillar of his political ideology.  

As the political landscape shifts, Poilievre’s next steps will be closely watched, particularly as the Conservative Party navigates its path forward in the wake of the election results.

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