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Wall Street Rallies as Earnings Season Kicks Off, Trade Tensions Ease

US stocks climbed on Monday, buoyed by a temporary pause in trade-war anxieties and optimism ahead of a packed week of corporate earnings. The Dow Jones Industrial Average rose about 0.7% , The S&P 500 gained 0.9% , The Nasdaq Composite led the charge with a gain of more than 1% . Investors appeared willing to set aside lingering concerns over global trade disputes and inflation data delays, instead focusing on the upcoming wave of quarterly results. Heavyweights including Tesla, Intel, Netflix, and Coca-Cola are set to report this week, with analysts watching closely for signs of resilience in consumer demand and corporate margins. Financials also drew attention, with Zions Bancorp among the first regional banks to release third-quarter results. Market watchers say the tone of earnings season could set the stage for whether the recent rally has staying power. For now, Wall Street is breathing easier, with the easing of trade tensions offering a welcome backdrop to wh...
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Flair Airlines Ordered to Pay $67 Million in Unpaid Taxes by Federal Government

                                                                                      

Documents show Flair Airlines, a Canadian budget airline, has been ordered by the federal government to pay $67.2 million in unpaid taxes. The money owed is related to import duties on the 20 Boeing 737 Max jetliners that make up the airline’s fleet. Court documents reveal that the Canada Revenue Agency has obtained an order for the seizure and sale of the carrier’s property.

Flair Airlines CEO Stephen Jones has stated that the company has a deal with the Canada Revenue Agency to pay the taxes and is current with that plan. The Federal Court order obtained by the tax agency in November has no impact on the carrier’s operations, which have expanded over the past year and ramped up competition with rival airlines.

The airline has been in the news recently for its legal battles with leasing manager Airborne Capital and three other leasing firms. Flair Airlines launched a $50-million court action against the four companies, arguing that ongoing demands for payment from the four companies were “baseless”.


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