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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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Greece Halts Plahotniuc Extradition Amid Moldovan Fraud Case Tensions

                                          Vladimir Plahotniuc pictured in Chisinau, Moldova

Greece has suspended the extradition of Moldovan business magnate and former politician Vladimir Plahotniuc, wanted in Chișinău over the 2014 “theft of the century” banking scandal involving the disappearance of $1 billion — roughly 12% of Moldova’s GDP at the time.

A Greek court had approved his transfer, but the justice ministry halted the process without explanation, according to Moldova’s prosecutor general. Plahotniuc, 59, was arrested in July at Athens airport on an Interpol notice; he is accused of leading a criminal organisation, money laundering, bribery, and large-scale fraud. He also faces investigations in Romania and is sought by Russia over separate charges.

Moldovan Prime Minister Dorin Recean vowed to investigate the suspension, insisting authorities “must bring him home in handcuffs” before the country’s September 28 elections. Plahotniuc, who led Moldova’s Democratic Party from 2016 to 2019, denies all allegations, calling them politically motivated.


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