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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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France Grinds to a Halt as Unions Lead Mass Strikes Against Austerity

French students block the entrance of a high school in Paris as part of a day of nationwide strikes and protests in France.

France faced sweeping disruption on Thursday as hundreds of thousands joined nationwide strikes against government austerity plans. Teachers, train drivers, pharmacists, hospital staff and even high school students walked out, demanding the scrapping of a €44 billion budget-cut package drafted by former prime minister François Bayrou.

Public transport was heavily affected, with Paris Metro lines running limited services and regional trains severely reduced. Nine in ten pharmacies closed their doors, while one in three primary school teachers and nearly half of secondary school staff joined the walkout.

The protests come amid a political crisis for President Emmanuel Macron and newly appointed Prime Minister Sébastien Lecornu, who has promised compromises but not ruled out key cuts. Authorities deployed 80,000 police and gendarmes nationwide, warning of potential violence from extremist groups.

Unions say the fight is far from over, vowing to keep pressure on the government until the austerity plan is abandoned.


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