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Wall Street Pauses as Oil Surges and Tesla Stumbles

  U.S. stocks stalled on Thursday as investors weighed a sharp rise in oil prices against a wave of fresh corporate earnings. Futures tied to the Dow Jones Industrial Average and the S&P 500 hovered near the flat line, while the Nasdaq 100 also showed little movement. Energy markets took center stage after oil futures jumped more than 5% following new U.S. sanctions on Russian producers, pushing Brent crude toward $66 a barrel and West Texas Intermediate closer to $62. The surge added pressure to inflation concerns already weighing on Wall Street. On the corporate front, Tesla shares slipped over 3% in premarket trading after the electric vehicle maker posted mixed third-quarter results, disappointing investors and kicking off the “Magnificent Seven” earnings cycle. IBM stock also dropped about 7% , as stronger-than-expected profits were overshadowed by weaker software revenue. Traders are now awaiting results from American Airlines and T-Mobile , with Intel set to ...
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Postal Workers’ Union Loses Legal Battle Over Back-to-Work Order

Canada Post workers are pictured on strike at the Canada Post processing centre in Richmond, B.C., on Sept. 26, 2025.

The Canada Industrial Relations Board (CIRB) has dismissed a constitutional challenge brought forward by the Canadian Union of Postal Workers (CUPW) against a government back-to-work order.

The dispute stems from December 2024, when the federal labour minister invoked Section 107 of the Canada Labour Code to end a nationwide postal strike and direct the CIRB to oversee arbitration. CUPW argued that the order violated workers’ constitutional right to strike.

In its ruling, the CIRB acknowledged that the right to strike is “essential” but emphasized it is “not absolute.” The board concluded that the government acted within its authority to protect the public interest. One member of the three-person panel dissented, siding with the union’s position.

CUPW has also filed for judicial review in federal court, where the matter remains unresolved. In the meantime, Canada Post operations continue under the imposed arbitration framework, while the union vows to keep pressing for improved working conditions and collective bargaining rights.


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