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Futures Steady as Tech Selloff Eases; Amazon Drops on AI Spending Surge

U.S. stock futures held steady in early premarket trading after a sharp tech-led decline earlier in the week, giving investors a moment to reassess the sector’s rapid pullback. Major index futures hovered near flat, suggesting a more measured tone after days of volatility. While sentiment remains cautious, some traders appear to be stepping back in following the recent selloff in high‑growth names. Amazon shares slipped in premarket action after the company signaled a significant increase in capital expenditures tied to artificial intelligence infrastructure. The planned investment highlights Amazon’s push to expand its AI capabilities, but the scale of spending raised concerns about near‑term pressure on margins. Market attention now turns to upcoming economic data and corporate earnings, which could help determine whether tech stocks regain momentum or continue to face headwinds. For the moment, futures point to a steadier start as investors look for the next catalyst.
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Ontario Liberals and Labour Groups Slam Ford Over Snap Election Call and Alleged Misuse of Public Funds

 

Ontario Premier Doug Ford's recent announcement of a snap election has sparked a wave of criticism from the Ontario Liberal Party and various labour groups. The election, set to take place on February 27, has been labeled as opportunistic and a misuse of public funds by Ford's opponents.

Ford's justification for the early election is the need for a strong mandate to combat potential tariffs from U.S. President Donald Trump. However, opposition parties argue that this is merely a pretext to capitalize on favorable polling and secure an even larger majority.

The Ontario Liberal Party has raised concerns about Ford's use of taxpayer money for activities that could be seen as politically motivated. They argue that Ford's travel to the U.S. and his role as Chair of the Council of the Federation could be construed as partisan actions, especially given the timing of the election.

Labour groups have also voiced their discontent, accusing Ford of prioritizing political gain over the needs of Ontarians. They argue that the snap election will disrupt ongoing projects and initiatives, causing unnecessary chaos and expense.

As the election date approaches, all political parties are scrambling to finalize their candidates and platforms. The Ontario Liberals, NDP, and Progressive Conservatives are all in a race against time to prepare for the unexpected election.

The coming weeks will undoubtedly be a whirlwind of political activity, with each party vying for the support of Ontario's voters. Whether Ford's gamble will pay off remains to be seen, but one thing is certain: the snap election has already stirred up significant controversy and debate.

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