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Wall Street Futures Surge as Fed Hints at More Cuts, Nvidia’s $5B Intel Bet Lifts Tech

  U.S. stock futures climbed on Thursday, with the Nasdaq leading gains, after the Federal Reserve cut interest rates by 0.25 percentage points and signaled two more reductions could follow in 2025. Dow Jones Industrial Average futures rose 0.7%, S&P 500 futures gained 0.8%, and Nasdaq 100 futures jumped 1.2%, buoyed by a sharp rally in tech stocks. Intel shares surged nearly 30% in premarket trading after Nvidia announced a $5 billion investment in the struggling chipmaker, though the deal stops short of a manufacturing partnership. The Fed’s move, aimed at supporting a slowing economy amid high inflation and a weakening labor market, initially sparked caution, but optimism returned as investors bet on a more accommodative policy path. If gains hold, the S&P 500 is set to open above 6,700 for the first time, extending September’s unexpected rally. Traders are now watching weekly jobless claims for further clues on the labor market, while corporate earnings — including ...
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Carney, Sheinbaum to Seal Canada–Mexico Strategic Pact Amid U.S. Trade Tensions

 

Prime Minister Mark Carney greets Mexican President Claudia Sheinbaum at the G7 Summit in Kananaskis, Alta., on Tuesday, June 17, 2025. 

Canadian Prime Minister Mark Carney is set to sign a comprehensive strategic partnership with Mexican President Claudia Sheinbaum during his two-day visit to Mexico, marking a rare stand‑alone bilateral engagement between the two countries.

The agreement will span infrastructure, trade, health, agriculture, emergency preparedness, and security, with a particular focus on combating drug and firearms trafficking and strengthening cooperation against organized crime.

Carney’s trip comes as Ottawa seeks to deepen ties with Mexico in response to escalating U.S. trade pressures and ahead of the renegotiation of the Canada–U.S.–Mexico Agreement (CUSMA). Both leaders are expected to emphasize building resilient supply chains and boosting domestic production, while avoiding the appearance of “ganging up” on Washington.

The visit follows high‑level ministerial talks in August and signals a reset in Canada–Mexico relations after years of limited bilateral focus. Officials say the partnership aims to elevate engagement to a level not seen since before the U.S.‑led trade war.

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