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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 Futures Edge Higher as Gold Hits Record High Ahead of Fed Minutes


U.S. stock futures ticked upward on Wednesday as investors braced for the release of the Federal Reserve’s September meeting minutes, seeking clarity on the central bank’s next policy moves.

  • Dow Jones Industrial Average futures rose about 0.2%, while S&P 500 and Nasdaq 100 futures each gained around 0.2%, signaling a cautiously optimistic open after Tuesday’s pullback.
  • The rally in gold continued to dominate headlines, with futures surging past $4,000 per ounce for the first time, as investors sought safety amid economic uncertainty and concerns over a prolonged government shutdown.
  • Market sentiment remains fragile, with questions swirling around the sustainability of the artificial intelligence boom and whether tech valuations are entering bubble territory.
  • The Fed’s minutes are expected to shed light on policymakers’ decision to cut rates for the first time this year and could influence expectations for further easing in 2025.

With Wall Street balancing optimism against caution, today’s trading session may hinge on how investors interpret the Fed’s tone and whether gold’s meteoric rise signals deeper unease in global markets.



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