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G7 Foreign Ministers Meet in Niagara to Hear Ukraine’s Plea Amid Escalating War

Top diplomats from the Group of Seven (G7) nations gathered in Niagara-on-the-Lake, Ontario , for high-stakes talks with Ukraine’s Foreign Minister as Russia intensifies its assault on Ukraine’s power grid. The meeting, hosted by Canada’s Foreign Affairs Minister Anita Anand , comes at a critical moment as rolling blackouts sweep across Ukraine ahead of winter. Foreign ministers from Canada, the United States, the United Kingdom, France, Germany, Italy, Japan, and the European Union posed for a family photo before beginning discussions. Ukraine’s foreign minister is expected to brief the group on the humanitarian and security consequences of Russia’s latest attacks, which have left millions vulnerable to freezing temperatures. The summit is not limited to Ukraine. Ministers are also addressing broader geopolitical challenges, including instability in the Middle East and shifting trade relationships. Still, Ukraine remains the centerpiece of the agenda, with G7 leaders reaffirming ...
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Techs lead the way as US stock futures climb, setting the S&P 500 on track for a fresh record high


US stock futures climbed on Friday, setting the S&P 500 on track for a fresh record high as a tech-led rally gave a lift to a market weighed down by uncertainty over the odds of an early interest rate cut. The Nasdaq 100 futures jumped 0.7%, eyeing a return to gains notched Thursday as Apple and chipmakers outperformed. S&P 500 futures rose 0.4%, while Dow Jones Industrial Average futures put on 0.2%.

The market is still closely watching for cues to the timing of rate cuts, which could set the tone for corporates this year. The focus has turned to big tech to potentially kickstart a lagging stock market, now that the key drivers of the late 2023 rally have waned. Thursday’s tech-led surge in stocks put the S&P 500 within 0.3% of its all-time closing high of 4,796.56 and snapped a three-day losing streak for the Dow.

In individual stocks, iRobot shares tanked over 38% after a report that EU regulators plan to block Amazon’s $1.4 billion acquisition of the Roomba maker. Meanwhile, investors were assessing Macy’s announcement that it is cutting 2,350 jobs and closing five stores. Quarterly results from Travelers, Regions Financial, and other banks are on the earnings docket Friday. In economic updates, a December reading on existing home sales is due, as well as a look at consumer sentiment from the University of Michigan.


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