Friday, September 20, 2024

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Risk-On Momentum in Stocks Succumbs to Mounting Growth Worries

(Bloomberg) -- The seemingly unstoppable stock market rally is wobbling as it confronts a horde of challenges to the momentum that’s taken it from...

Mediation aimed at resolving Metro Vancouver accessible transit strike set to begin

VANCOUVER — Mediated negotiations between the union representing striking HandyDART transit workers in Metro Vancouver and their employer are set to begin today, six...

The AI industry uses a light lobbying touch to educate Congress from a corporate perspective

WASHINGTON (AP) — The artificial intelligence industry has gone on a lobbying binge in the past few years, deploying scores of hired influencers to...

Military surplus store in Calgary, destination of celebrity shoppers, closing doors

CALGARY — Cher, Anthony Hopkins, Heath Ledger, Alec Baldwin and Tom Hardy are just a few of the celebrities John Cumming met while growing...

Talks between Boeing and its biggest union are coming down to the wire – and a possible strike

DALLAS (AP) — Boeing and its largest union are entering the last week of contract negotiations before a threatened strike by more than 30,000...

Telecom sector poised to shed assets amid slower growth and more competition

When Bell Canada announced in June it was selling Northwestel Inc. to a consortium of northern Indigenous communities, the telecom giant hailed the $1-billion...

European Luxury Shares’ $240 Billion Rout Is Just the Beginning

(Bloomberg) -- After enduring almost a quarter-trillion dollar hit to their market value in recent months, Europe’s luxury firms may see their stock-market clout...

Is ‘founder mode’ or ‘manager mode’ better? Here’s what the 22 Fortune 500 companies still run by founders show

The buzziest buzz term in the tech world is suddenly “founder mode,” coined only days ago and fast propagating into business worldwide. Founder mode...

As Volkswagen weighs its first closure of a German auto plant, workers aren’t the only ones worried

FRANKFURT, Germany (AP) — Volkswagen is considering closing some factories in its home country for the first time in the German automaker's 87-year history,...

New Thai PM Paetongtarn to Prioritize Tackling $474 Billion Household Debt

(Bloomberg) -- Thailand’s new government plans to expedite a sweeping debt restructuring to tackle an estimated $474 billion of household liability, offer financial assistance...

BOE Peers Over Gilt-Market Chasm Pivotal for Reeves’s UK Budget

(Bloomberg) -- The Bank of England is about to grapple with one of the thorniest decisions since it began unwinding crisis-era stimulus in 2022...

China says “dissatisfied” with new Dutch export controls on ASML chipmaking tools

BEIJING (Reuters) - China is "dissatisfied" with the Dutch goverment's decision to expand export controls on ASML chipmaking equipment, the Chinese commerce ministry said...

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