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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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UK to Recognise Palestinian State After Trump’s Departure, Starmer to Announce Before UN Summit



Britain is set to formally recognise a Palestinian state this weekend, with Prime Minister Sir Keir Starmer expected to make the announcement once U.S. President Donald Trump concludes his state visit.

The move, timed to avoid overshadowing a joint press conference at Chequers, comes ahead of next week’s United Nations General Assembly, where other nations including France, Canada, and Australia are also preparing similar declarations.

Starmer had warned in July that recognition would proceed unless Israel agreed to a ceasefire, revived prospects for a two-state solution, and halted annexation of the West Bank — conditions that remain unmet amid Israel’s ongoing military offensive in Gaza.

The decision risks further straining relations with Washington, which has voiced strong opposition, warning it could be seen as rewarding Hamas. Israel has also condemned the move, while Labour MPs and international allies have urged swift action to preserve the viability of a two-state solution.


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