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Intel’s Weak Earnings Put Futures on Ice After a Choppy Week

U.S. stock futures lost momentum Friday morning as Wall Street tried to steady itself after several days of sharp swings. Dow futures slipped, while S&P 500 and Nasdaq futures hovered slightly lower, signaling a cautious start to the trading day. The hesitation came largely from Intel’s disappointing earnings report. The chipmaker’s results and weaker outlook weighed heavily on tech sentiment, sending its shares sharply lower in pre‑market trading. Investors had hoped for stronger numbers given the industry’s AI‑driven momentum, but Intel’s update suggested ongoing challenges in key segments like data‑center chips. The broader market has been wrestling with volatility all week, driven by shifting economic expectations and uneven corporate results. With the S&P 500 on track for another weekly decline, traders appear reluctant to make big moves until they see clearer signs of stability.
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TTC Strike Averted: Framework Agreement Reached Between Union and Management

 

In a last-minute development, the Toronto Transit Commission (TTC) and the Amalgamated Transit Union (ATU) Local 113 have reached a “framework settlement,” effectively averting a planned strike. The agreement comes after intense negotiations and addresses critical issues such as job security, protections against job outsourcing, and benefits for active members and pensioners.

The TTC’s buses, streetcars, subways, and Wheel-Trans vehicles will operate normally on Friday, providing relief to the city’s 1.3 million transit users. However, the finalized details of the framework remain undisclosed, pending further work and ratification by union members. The mood at the bargaining table has been one of frustration, with the union emphasizing the need for progress and alignment with transit delivery goals.

While the strike has been averted, the TTC’s role in delaying the framework agreement has drawn criticism. Transit riders can breathe a sigh of relief, but the focus now shifts to ensuring a fair and reasonable contract for all parties involved.



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