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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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E‑mails Reveal Ottawa Knew of BC Ferries’ China Deal Weeks Before Public Rebuke


Internal government e‑mails show senior federal officials were aware of BC Ferries’ controversial $1‑billion contract with a Chinese state‑owned shipyard weeks before Transport Minister Chrystia Freeland publicly condemned the deal.

The correspondence, obtained by a House of Commons committee, indicates staff in the Prime Minister’s Office and Freeland’s office discussed the project in mid‑June, including its link to a pending Canada Infrastructure Bank loan that would help finance the vessels. One aide warned the project was “likely not viable without our loan” and flagged political risks if the Conservatives tied the financing to the Chinese contract.

On June 20, Freeland issued a sharply worded letter to B.C.’s transportation minister, expressing “consternation and disappointment” over the decision to award the work to China Merchants Industry Weihai Shipyards, citing security and economic concerns. At the time, she said the federal government had no jurisdiction over BC Ferries’ procurement choices.

The e‑mails suggest Ottawa’s involvement was deeper than publicly acknowledged, fuelling opposition claims the Liberals sought to manage optics rather than intervene in the deal.

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