Skip to main content

Featured

Futures Steady as Tech Selloff Eases; Amazon Drops on AI Spending Surge

U.S. stock futures held steady in early premarket trading after a sharp tech-led decline earlier in the week, giving investors a moment to reassess the sector’s rapid pullback. Major index futures hovered near flat, suggesting a more measured tone after days of volatility. While sentiment remains cautious, some traders appear to be stepping back in following the recent selloff in high‑growth names. Amazon shares slipped in premarket action after the company signaled a significant increase in capital expenditures tied to artificial intelligence infrastructure. The planned investment highlights Amazon’s push to expand its AI capabilities, but the scale of spending raised concerns about near‑term pressure on margins. Market attention now turns to upcoming economic data and corporate earnings, which could help determine whether tech stocks regain momentum or continue to face headwinds. For the moment, futures point to a steadier start as investors look for the next catalyst.
Post a Comment
Read more

article

Labels

Global IT Outage Grounds Porter Flights in Toronto

 

Porter Airlines has been forced to cancel all flights until at least noon today due to a global IT outage affecting multiple industries. The disruption, which began early this morning, has caused significant delays and cancellations for passengers traveling through Toronto.

The issue stems from a malfunction in the Falcon Sensor software by cybersecurity firm Crowdstrike, which has led to widespread crashes of Microsoft Windows systems. As a result, Porter Airlines’ operations have been severely impacted, with passengers unable to rebook flights until the systems are back online.

Toronto’s Pearson Airport has reported varying impacts across different airlines, with some American carriers also experiencing disruptions. Despite the challenges, essential services such as the city’s 911 and paramedic systems, as well as the TTC’s signal and safety systems, continue to operate normally.

Porter Airlines has advised passengers to expect further delays and cancellations as they work to resolve the issue and rebook affected flights over the coming days. The airline is urging travelers to stay updated through their official channels for the latest information.



Labels:

Comments

Post a Comment