As reported by Doyinsola Oladipo and Mrinmay Dey, around 10,000 U.S. hotel workers have initiated a strike across several cities due to failed contract negotiations with major hotel operators such as Marriott International, Hilton Worldwide, and Hyatt Hotels. This strike is taking place in 24 hotels in various travel destinations across the United States, including
Wall Street
Brazil’s telecommunications regulator made a bold move by suspending access to Elon Musk’s X social network in the country. This decision came as a way to comply with an order from a judge who has been entangled in a feud with the renowned billionaire. The popular social media platform failed to meet a court-mandated deadline
Recently, Japan has been facing the wrath of Typhoon Shanshan, causing massive destruction and chaos across the country. The torrential rain and powerful winds have led to severe flooding, landslides, and the disruption of essential services. The situation is dire, with millions of people at risk and numerous fatalities already reported due to storm-related incidents.
France’s President Emmanuel Macron is set to visit Belgrade in an attempt to enhance the relationship between France and Serbia. The Balkan country is currently navigating its EU membership bid while also maintaining close ties with Russia and China. During the visit, Macron and Serbia’s President Aleksandar Vucic will discuss various topics, including the potential
The recent announcement by Brazilian miner Vale to appoint Gustavo Pimenta as the new Chief Executive Officer was a strategic move to avoid market speculation about potential candidates. This decision, made earlier than expected, aimed to bring clarity to the succession process and provide stability to the company. The appointment of Pimenta, who has been
In a move that marks a significant shift in the traditional application of antitrust laws, Federal Trade Commission Chair Lina Khan has embarked on an initiative to protect workers’ rights through the enforcement of antitrust regulations. This initiative is currently being put to the test in a trial involving grocery chain Kroger’s proposed merger with
The S&P 500 finished the day lower amid anticipation of Nvidia’s upcoming quarterly report. Nvidia’s stock dipped 2.25% in anticipation of the report, creating a sense of unease among investors. The tech-heavy Nasdaq also experienced a decline, reflecting the market’s sensitivity to Nvidia’s performance. Analysts and investors alike are keeping a close eye on Nvidia’s
Evercore ISI analysts have recommended buying Nvidia stock due to the company’s strong demand for systems and chips. Despite worries about delays in the release of the Blackwell system, the investment bank believes that Nvidia is well-positioned to overcome any disruptions. The analysts mentioned that even if Blackwell faces delays, the demand for the current
In a recent note, analysts at Wells Fargo Investment Institute made a forecast that despite anticipated rate cuts by the Federal Reserve in the coming years, the U.S. dollar is likely to remain strong. This prediction is based on several key factors, including interest rate differentials, global economic conditions, and the performance of the dollar
Australia’s bank regulator, the Australian Prudential Regulation Authority (APRA), has taken decisive action against ANZ, the country’s third-largest lender. In response to suspected misconduct at ANZ’s bond trading unit, APRA has increased the amount of spare cash that ANZ must keep on hand. Initially imposed in 2019 as a A$500 million capital add-on, the regulator