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Tech Jitters and Fed Uncertainty Weigh on Markets

U.S. stocks slipped as a pivotal week began, with investors bracing for a wave of Big Tech earnings and the Federal Reserve’s upcoming policy decision. The Dow, S&P 500, and Nasdaq all edged lower, reflecting a cautious mood across markets. The pullback follows a choppy stretch for equities, as major indexes have struggled to regain momentum amid shifting expectations for interest‑rate cuts and ongoing geopolitical concerns. Tech stocks, in particular, have been under pressure after consecutive weekly declines, raising the stakes for earnings reports from industry giants. Apple, Microsoft, Meta, and Tesla are all set to report in the coming days, and their results could determine whether the sector reclaims leadership or continues to drag on broader market performance. With the Fed meeting approaching, traders are looking for clarity on the central bank’s rate‑cut timeline. Until then, many appear content to stay on the sidelines as uncertainty hangs over the week ahead.
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Senior Leaders Included as Federal Job Cuts Expand

 


The federal government’s latest round of public service reductions is reaching deeper into departments, with executives now among those receiving notices. Deputy ministers have confirmed that leadership roles will not be shielded from the government’s broader plan to streamline operations and reduce staffing levels.

The rollout of job‑cut notifications has accelerated in recent weeks, leaving many public servants uncertain about their future. Departments are preparing for significant restructuring as they determine which positions will be eliminated and how responsibilities will be redistributed.

Officials say the cuts are part of a long‑term effort to modernize government services and reduce spending. However, concerns are growing about the potential impact on service delivery, especially as experienced managers and specialists face the possibility of being displaced.

As departments continue to assess their staffing needs, more details are expected in the coming months about how the reductions will affect programs, timelines, and the overall capacity of the public service.


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