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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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Ontario College Faculty Strike Averted with Binding Arbitration Agreement

 


In a significant development, the College Employer Council and the Ontario Public Service Employees Union (OPSEU) have reached an agreement to enter binding arbitration, effectively averting a strike that could have impacted faculty and students across Ontario. 


The union, which represents over 15,000 faculty members, had issued a five-day strike notice last week, warning that labor action could begin as early as Thursday. However, after mediation sessions this week, both sides agreed to let an arbitrator resolve the remaining issues. 


While "significant benefit gains" were achieved in negotiations, several key issues, including work conditions, job security, and quality of education, remained unresolved. These outstanding matters will now be addressed by the arbitrator, who will make a final, binding decision.


The College Employer Council has assured that classes will continue as scheduled, ensuring that students' education will not be disrupted. 


This move to arbitration is seen as a positive step in resolving the dispute without the need for a strike, allowing faculty members to continue their work and students to stay on track with their studies. The outcome of the arbitration will be closely watched as it could set the tone for future negotiations in Ontario’s education sector.



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