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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 Rally Takes a Breather as Futures Edge Lower

US stock futures slipped slightly on Tuesday, pausing after Wall Street’s record-setting streak. The Dow Jones Industrial Average futures dipped about 0.2%, while contracts tied to the S&P 500 and Nasdaq each eased around 0.1% following seven straight days of gains for the major indexes.

The pullback comes after the S&P 500 and Nasdaq closed at fresh all-time highs on Monday, fueled by optimism around artificial intelligence and a multibillion-dollar deal between chipmaker AMD and OpenAI. The surge in AI-linked stocks has been a key driver of the market’s recent momentum.

Investors are now turning their attention to the upcoming earnings season, particularly results from Big Tech, which could determine whether the rally has more room to run. At the same time, uncertainty lingers as the ongoing US government shutdown delays the release of key economic data, leaving traders with fewer signals to gauge the Federal Reserve’s next moves.

Despite the cautious start to the day, analysts remain broadly constructive on equities, citing cooling inflation pressures and expectations of future Fed rate cuts as supportive factors for the market’s longer-term outlook.


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