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Tech Giants Lift Markets as Investors Brace for Fed Decision

Both the S&P 500 and the Nasdaq hit their highest levels in more than a week on Monday. Wall Street finished the day on a strong note, with major U.S. indexes advancing as investors positioned themselves for a pivotal week of corporate earnings and a closely watched Federal Reserve meeting. Market Momentum The S&P 500 and Nasdaq extended their recent winning streak, marking their longest run of gains in weeks. Confidence was fueled largely by heavyweight technology stocks, which continued to attract buyers ahead of their upcoming earnings reports. What’s Driving the Optimism Companies such as Apple, Microsoft, Alphabet, Broadcom, and Meta helped propel the market higher. Their performance has been central to the broader rally, especially as enthusiasm around artificial intelligence remains a dominant theme in tech valuations. Eyes on Earnings and the Fed Investors are now turning their attention to earnings guidance from these major firms, which could determine whether t...
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Amazon's Union Efforts in Quebec Meet Resistance

 


In a surprising turn of events, Amazon has announced the closure of all seven of its warehouses in Quebec, resulting in nearly 2,000 job losses. This decision comes just months after workers at a warehouse in Laval successfully unionized, marking the first unionized Amazon workforce in Canada. Despite Amazon's insistence that the closures are unrelated to the unionization efforts, many are skeptical, viewing this move as a direct attempt to quash the union push.

The closures have sparked outrage among workers and union leaders, who argue that Amazon is trying to send a message to other employees considering unionization. Quebec's Labour Minister has vowed to ensure that Amazon respects all labour laws, while federal officials are calling for a review of Ottawa's business relationship with the company.

As the debate continues, the future of unionization efforts at Amazon remains uncertain. What is clear, however, is that the fight for workers' rights in Quebec is far from over.



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