Skip to main content

Featured

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 ...
Post a Comment
Read more

article

Labels

UK Sends First Migrant Back to France Under Controversial ‘One In, One Out’ Scheme

British Prime Minister Keir Starmer and French President Emmanuel Macron agreed a pilot scheme.

Britain has deported its first migrant to France under a new “one in, one out” agreement aimed at curbing small boat crossings across the English Channel.

The pilot scheme, agreed in July by Prime Minister Keir Starmer and French President Emmanuel Macron, allows the UK to return undocumented arrivals who have travelled through a “safe country” before reaching Britain. In exchange, the UK will accept an equal number of approved asylum seekers from France, prioritising those with family ties in Britain or deemed vulnerable to exploitation.

The Home Office confirmed that a man who arrived by small boat in August was flown to Paris on Thursday. The move follows a High Court ruling earlier this week that temporarily blocked the removal of another asylum seeker, highlighting the legal challenges the policy faces.

With more than 30,000 people crossing the Channel so far in 2025, the government has pledged to fight what it calls “vexatious, last-minute claims” that delay deportations. The pilot is set to run until June 2026, but critics question whether it will significantly reduce irregular migration.


Labels:

Comments

Post a Comment