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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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Hollywood Unions Condemn ABC Over Kimmel Suspension Amid White House Pressure

A protester outisde the El Capitan Entertainment Centre, where "Jimmy Kimmel Live!" was recorded for broadcast.

Hollywood’s most powerful unions are accusing Disney-owned ABC and the Federal Communications Commission of bowing to political pressure after the network abruptly pulled Jimmy Kimmel Live! from the air. The move followed threats from the Trump administration and FCC Chair Brendan Carr over Kimmel’s recent monologue on the assassination of conservative activist Charlie Kirk.

Kimmel, a frequent critic of President Trump, suggested Kirk’s allies were using his death to “score political points.” Within days, ABC affiliates signaled they would drop the show, and the network announced an indefinite suspension. The Writers Guild of America West and East called the decision “an attack on constitutionally protected free-speech rights,” while SAG-AFTRA warned it set a dangerous precedent for artistic expression.

The controversy comes amid a broader wave of firings and suspensions targeting media figures, educators, and corporate employees over comments about Kirk’s killing. Actor Ben Stiller and other celebrities have voiced support for Kimmel, while Trump publicly praised ABC’s decision on social media.


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