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Wall Street Braces as Tech Rout Deepens

US markets looked set for another turbulent session as futures for the S&P 500 and Nasdaq pointed lower, signaling continued pressure on the tech sector. A wave of selling has swept through major technology names this week, and Thursday’s pre‑market action suggested the downturn isn’t over yet. Alphabet remained a major drag after its sharp slide, with investors reacting to concerns about rising AI‑related spending and the uncertain payoff timeline. The pullback has added to broader anxiety across the sector, where valuations have been tested by shifting expectations around growth and profitability. Amazon now sits in the spotlight as traders await its upcoming earnings report. With sentiment already fragile, the company’s results could either steady the market or accelerate the sell‑off, depending on how its cloud and retail segments perform. Commodities also reflected the risk‑off mood. Silver prices tumbled, extending a recent decline and underscoring the cautious tone acros...
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Madeira Wildfires: A Battle Against Nature’s Fury


For the past eight days, wildfires have been spreading across the picturesque Portuguese island of Madeira, causing widespread destruction and threatening local communities. The situation remains critical as firefighters battle to contain the flames.

Key Points:

  1. Island in Crisis: Madeira, known for its lush landscapes and vibrant tourism industry, is now grappling with a disaster. The fires have consumed large swaths of forested areas, leaving behind charred landscapes and smoke-filled skies.

  2. Emergency Response: The European Union (EU) has stepped in to provide assistance. Firefighting teams from neighboring countries are joining local efforts to control the flames. Aerial firefighting resources, including water-dropping planes and helicopters, have been deployed.

  3. Evacuations: Residents and tourists have been evacuated from affected areas. Emergency shelters are providing refuge for those displaced by the fires.

  4. Environmental Impact: The fires have ecological consequences, endangering native flora and fauna. The island’s unique biodiversity is at risk.

  5. Investigation: Authorities are investigating the cause of the fires. While extreme heat and dry conditions are contributing factors, deliberate arson has not been ruled out.


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