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Air Transat Faces Flight Suspensions Amid Pilot Strike Notice

  Air Transat has announced it will gradually suspend flights starting Monday following a 72-hour strike notice issued by its pilots’ union. The Air Line Pilots Association (ALPA), representing roughly 700 pilots, delivered the notice after nearly a year of unsuccessful negotiations with the airline’s parent company, Transat A.T. Inc. Background The union filed the strike notice on Sunday, giving pilots the legal right to walk off the job as early as Wednesday. Last week, pilots voted 99% in favor of strike action , underscoring their frustration over stalled contract talks. ALPA leaders emphasized that pilots do not want to strike but feel compelled to act after management failed to meet demands for a modernized agreement. Airline Response Air Transat confirmed it will begin suspending flights gradually between December 8 and 9 to prepare for a possible full shutdown. The company stated it is working “around the clock” to reach a deal and minimize disruption for trave...
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Market Volatility: Stocks Flatten as Powell's Remarks Weigh on Gains

The stock market experienced a turbulent session on Wednesday, ultimately closing near flat after Federal Reserve Chair Jerome Powell's comments on monetary policy and inflation concerns. The S&P 500 ended nearly unchanged, giving back earlier gains as investors digested Powell’s remarks on the Fed’s stance regarding interest rates and economic restraint.

Powell reiterated that the central bank remains cautious about inflation, particularly in light of tariff-driven price increases expected over the summer. While the Fed signaled that borrowing costs are likely to decline this year, the pace of future rate cuts appears to be slowing. 

Following Powell’s speech, U.S. Treasury yields reversed their earlier declines, influencing market sentiment. The Dow Jones Industrial Average fell 43.83 points (0.10%), while the Nasdaq Composite managed a slight gain of 23.66 points (0.12%). 

Investors also kept a close eye on geopolitical developments, particularly tensions in the Middle East, which added another layer of uncertainty to the market. 

Despite the day's fluctuations, analysts suggest that the market remains in a wait-and-see mode, with traders closely monitoring upcoming economic data and Fed policy decisions.

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