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Wall Street Futures Edge Higher as Soft Jobs Data Fuels Rate-Cut Hopes

  US stock futures ticked upward on Wednesday, extending Wall Street’s rebound as investors digested a weaker-than-expected ADP employment report. The data showed a surprise decline in private-sector payrolls, reinforcing expectations that the Federal Reserve may move forward with an interest rate cut at its upcoming December meeting. Market Performance Dow Jones Industrial Average futures rose about 0.2%, adding 80 points to 47,624. S&P 500 futures gained 9.25 points to 6,849.50, up 0.14%. Nasdaq 100 futures advanced 25.50 points to 25,631.50, a 0.10% increase. Key Drivers The ADP jobs report revealed a drop in private-sector employment, signaling cooling labor market conditions. This bolstered investor confidence that the Fed will ease monetary policy, with markets pricing in nearly 88% odds of a rate cut next week. Tech stocks continued to provide momentum, with Nvidia and Marvell edging higher. Crypto-linked stocks surged, with PMAX up 67%, CMCT up 30%, a...
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Immigration Freeze Sparks Global Concern

The Trump administration has paused all immigration applications, including green card and U.S. citizenship processing from 19 non-European countries. 

The Trump administration has announced a temporary halt on immigration applications from 19 countries, citing national security and vetting concerns. The pause affects applicants across multiple regions, including parts of Africa, the Middle East, and Asia.

Officials stated that the measure is intended to allow for a review of existing immigration procedures and to strengthen background checks. Critics, however, argue that the move disproportionately targets certain nations and could disrupt families, businesses, and educational institutions that rely on international talent.

Immigration advocacy groups have voiced alarm, warning that the suspension may fuel uncertainty and strain diplomatic relations. Meanwhile, supporters of the policy claim it is a necessary step to safeguard U.S. borders and ensure thorough screening processes.

The administration has not specified how long the pause will last, leaving many applicants in limbo as they await further guidance.


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