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Wall Street Futures Rise Ahead of Thanksgiving Holiday

  US stock futures edged higher on Wednesday as investors looked to extend the market’s recent rally into the Thanksgiving holiday. Dow Jones Industrial Average futures gained 0.2%, S&P 500 futures rose 0.2%, and Nasdaq 100 futures climbed 0.3% . The move follows a strong session on Tuesday, when the Dow surged more than 660 points (1.4%) , marking its third consecutive day of gains. Tech stocks continued to drive momentum, with Alphabet closing at record highs after reports that Meta may adopt Google’s TPU chips in the coming years. Meanwhile, Nvidia shares slipped over 2.5% as competition in the AI chip space intensified. Investors are also keeping a close eye on the Federal Reserve. Markets are currently pricing in an 85% probability of a quarter-point rate cut in December , which has helped bolster optimism. Lower Treasury yields and easing inflation pressures have further supported the bullish sentiment. Through the first two trading days of this holiday-shortened we...
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South Korean President Faces Treason Investigation and Impeachment Vote

 

In a dramatic turn of events, South Korean police have launched an investigation into President Yoon Suk Yeol on charges of treason. This follows his controversial declaration of martial law earlier this week, which was swiftly revoked after widespread backlash. The investigation, initiated by the National Office of Investigation, stems from complaints filed by the Rebuilding Korea Party and a group of 59 activists.

The declaration of martial law, which sought to consolidate power, ban political activity, and censor the media, was met with immediate outrage both domestically and internationally. President Yoon's actions have led to calls for his impeachment, with the main opposition Democratic Party planning to vote on the motion this Saturday.

The impeachment motion requires a two-thirds majority in the 300-seat parliament to pass, needing at least eight votes from the ruling People Power Party lawmakers. If successful, Prime Minister Han Duck-soo would assume the role of interim head of state while the Constitutional Court reviews the case, a process that could take up to 180 days.

The political turmoil has also seen the resignation of Defense Minister Kim Yong-hyun, who played a key role in the martial law declaration. Kim has been replaced by Choi Byung-hyuk, the South Korean ambassador to Saudi Arabia.

As the nation braces for the upcoming impeachment vote, the investigation into President Yoon's actions continues to unfold, marking a significant moment in South Korea's political landscape.

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