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Wall Street Futures Climb on Fed Cut Hopes as Bitcoin Extends Steep Decline

US markets staged a rebound Friday morning, with futures for the Dow Jones Industrial Average, S&P 500, and Nasdaq all moving higher after a turbulent week. The rally was fueled by growing bets that the Federal Reserve could cut interest rates at its upcoming December meeting, following dovish comments from New York Fed President John Williams. His remarks shifted sentiment sharply, with nearly 70% of traders now expecting a rate cut. Dow futures gained 0.7% , leading the advance. S&P 500 futures rose 0.5% , while Nasdaq futures added 0.4% . The optimism comes after Thursday’s sharp sell-off, underscoring the volatility gripping markets as investors weigh AI-driven risks and Fed policy divisions. Meanwhile, cryptocurrencies continued to struggle. Bitcoin plunged to around $82,000 , marking its worst month since the 2022 crypto collapse. The decline reflects heavy institutional outflows, miner sell-offs, and broader risk-off sentiment across digital assets.
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Powerful Earthquake Strikes Bangladesh, Leaving Casualties

Dhaka residents rushed out of their homes as buildings shook and some makeshift structures collapsed.

A strong earthquake shook Bangladesh early Friday, causing widespread panic and damage across several districts. Authorities confirmed that at least five people lost their lives, while around 100 others sustained injuries in the tremor.

The quake rattled buildings, forcing residents to rush outdoors in fear. Emergency services quickly mobilized to assist the injured and assess structural damage. Hospitals reported an influx of patients, many suffering from fractures and trauma.

Officials are monitoring aftershocks and urging residents to remain cautious. Rescue teams continue to search affected areas, while engineers are evaluating the safety of critical infrastructure.

This incident highlights the country’s vulnerability to seismic activity, underscoring the urgent need for improved disaster preparedness and resilient urban planning.


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