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Wall Street Futures Rise on Bank Earnings and Rate-Cut Optimism

U.S. stock futures climbed Wednesday as strong bank earnings and renewed hopes for Federal Reserve rate cuts helped ease investor concerns over U.S.-China tensions. The Dow Jones Industrial Average gained over 200 points in premarket trading, while the S&P 500 and Nasdaq 100 also advanced, buoyed by optimism surrounding the start of earnings season. Bank of America reported a 23% jump in profit, joining other major lenders in posting robust results that reassured markets about the financial sector’s resilience. Investors are also betting on potential interest-rate cuts as the Federal Reserve faces mounting pressure to support growth amid trade frictions and a prolonged U.S. government shutdown. The combination of strong corporate performance and policy optimism has lifted sentiment after a volatile session earlier in the week. Global markets mirrored the upbeat tone, with Asian and European equities edging higher, while the dollar weakened and gold prices steadied. Analysts ...
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Moscow Rejects Trump’s Warning of Economic Collapse

                                    The national flag flies over Russian Central Bank headquarters in Moscow

Russia has firmly dismissed U.S. President Donald Trump’s recent claim that its economy is on the verge of collapse. Trump, speaking earlier this week, pointed to “long lines waiting for gasoline” and warned that Russia’s financial system was buckling under the strain of the ongoing war in Ukraine.

In response, Russian Deputy Prime Minister Alexander Novak insisted that domestic fuel supplies remain stable and that the government is effectively managing production and consumption. He acknowledged that growth has slowed, with Moscow forecasting GDP expansion of just 1% in 2025 compared to over 4% in previous years. However, he rejected the notion of imminent collapse, stressing that Russia’s energy sector continues to provide a backbone for the economy.

Analysts note that while Russia faces mounting challenges—ranging from inflation to reduced foreign investment—the Kremlin is determined to project resilience. The International Monetary Fund has downgraded its growth outlook, but Moscow maintains that its economy remains functional despite Western sanctions and wartime pressures.


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