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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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Wall Street Climbs as Earnings Impress and Trade Deals Boost Optimism

 


U.S. markets are riding a wave of momentum this week, with the Dow Jones Industrial Average, S&P 500, and Nasdaq all hovering near record highs. Investors are digesting a flurry of corporate earnings while also cheering fresh trade agreements signed by President Donald Trump, which have added to the upbeat market sentiment.

On Monday, the S&P 500 closed above 6,800 for the first time, marking a historic milestone. Futures trading on Tuesday showed the Dow up 0.4%, while the Nasdaq ticked higher by 0.1%. The S&P 500 futures were little changed but remained firmly in record territory.

The rally has been fueled by strong earnings reports from major companies including Visa, UnitedHealth, UPS, and PayPal. These results have reassured investors that corporate America remains resilient despite global uncertainties. At the same time, markets are closely watching the Federal Reserve’s two-day policy meeting, where traders expect another interest-rate cut. Any signals from Fed Chair Jerome Powell about future rate moves could further sway investor confidence.

Adding to the bullish tone, Trump’s recent trade deals — including agreements with Japan on rare earths and broader trade cooperation — have eased concerns about global supply chains and tariff risks. Optimism is also building ahead of a key meeting between Trump and China’s President Xi Jinping, where hopes remain for progress on a long-awaited U.S.-China trade resolution.

For now, Wall Street appears to be balancing earnings strength, monetary policy expectations, and geopolitical developments in a way that continues to push stocks higher. If the momentum holds, investors could see another round of record-breaking closes before the week is out.


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