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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 November Opens With AI Momentum and Fed Watch

 


As November trading begins, U.S. stock futures are showing modest gains, extending the rally that carried markets through October. S&P 500 futures rose about 0.3%, Nasdaq 100 futures climbed 0.6%, and Dow Jones Industrial Average futures added 0.1%. The upbeat start reflects investor optimism around strong corporate earnings, enthusiasm for AI-driven growth, and expectations for Federal Reserve policy clarity.

October was a strong month for equities: the S&P 500 gained 2.3%, the Dow advanced 2.5%, and the Nasdaq surged 4.7%, marking its seventh consecutive month of gains. Much of this momentum was fueled by Big Tech and the so-called “Magnificent Seven” stocks, which continue to attract investors betting on AI’s transformative potential.

At the same time, macroeconomic uncertainty lingers. The ongoing U.S. government shutdown has delayed key economic data releases, including the monthly jobs report, leaving traders with fewer signals to gauge the economy’s strength. Additionally, the Supreme Court is preparing to hear arguments on the legality of sweeping tariffs, a development that could influence trade policy and market sentiment.

Looking ahead, earnings season remains in full swing, with hundreds of S&P 500 companies still set to report results. Investors are also closely watching the Federal Reserve, as policymakers weigh the balance between inflation control and sustaining economic growth.

In short, Wall Street is entering November with cautious optimism: strong tech earnings and AI enthusiasm are driving gains, but political and economic uncertainties remain in focus.


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