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Back to School, But Not Back to Normal: Alberta Ends Teacher Strike

                                                        Premier Danielle Smith After a tense three-week standoff, more than 740,000 students across Alberta are returning to class following the end of the provincewide teachers' strike. The Alberta government invoked the Charter’s notwithstanding clause to legislate 51,000 teachers back to work, marking a dramatic conclusion to one of the largest education-related labor actions in the province’s history. Premier Danielle Smith defended the move, stating that the prolonged strike had caused “irreparable harm” to students and families, and that the government had no alternative but to act decisively. The Alberta Teachers’ Association (ATA), while complying with the back-to-work order, expressed deep concern over the use of the notwithstanding clause, calling it a violation of...
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Dow Set to Build on Rally as Major Week for Markets Begins

 

The Dow Jones Industrial Average is poised to continue its upward momentum as a significant week for the markets kicks off. U.S. stock futures rose on Monday, with Dow futures up approximately 0.4%, following a surge of over 650 points last week. S&P 500 futures and Nasdaq 100 futures also showed gains of 0.4% and 0.6%, respectively.

Investors are gearing up for a busy week filled with key events, including a Federal Reserve rate decision, the July nonfarm payrolls report, and earnings reports from major tech companies like Apple, Microsoft, Amazon, and Meta. The market’s recent rally was bolstered by a promising inflation reading, which has strengthened bets for future interest-rate cuts.

Despite the positive outlook, the market remains cautious after a volatile period marked by a significant tech sell-off. The Federal Reserve is expected to hold off on any rate changes at its meeting on Wednesday, with many analysts predicting that any action will be delayed until September. The upcoming jobs report on Friday is anticipated to reveal potential weaknesses in the labor market, which could influence the timing and extent of future rate cuts.

As investors await these crucial updates, over 150 members of the S&P 500 are set to release their quarterly results, starting with McDonald’s on Monday. This week promises to be a pivotal one for the markets, with potential surprises that could test the resilience of the current rally.


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