With over 10,000 U.S. hotel workers participating in a multi-day strike in various cities, the hospitality industry is facing significant disruptions. The strike, led by the Unite Here union, has workers from 24 hotels in major travel destinations such as San Francisco, San Diego, Boston, and Seattle demanding better wages and working conditions. Hotel workers
Wall Street
Brazil’s telecommunications regulator has made the decision to suspend access to Elon Musk’s X social network in the country in order to comply with an order from a judge. This has raised concerns about censorship and freedom of speech in the country, as Musk argues that the judge is enforcing unjustified censorship while the judge
Typhoon Shanshan hit Japan with full force, causing widespread devastation and disruption to daily life. The torrential rain and strong gusts brought by the typhoon have led to severe consequences across various regions in the country. The impact of the storm has been felt not only in terms of infrastructure damage but also in terms
France’s President Emmanuel Macron is set to visit Belgrade in an effort to strengthen ties with Serbia and bring the Balkan country closer to the West. This visit comes at a crucial time as Serbia navigates its European Union membership bid while maintaining close relationships with Russia and China. Macron is scheduled to meet with
Brazilian mining giant Vale made headlines this week with its announcement of a new chief executive officer. The company’s chairman revealed that the decision was made to quell market speculation surrounding potential candidates for the position. This move was seen as a strategic decision to bring clarity to the leadership transition process and to reassure
Federal Trade Commission Chair Lina Khan is taking a bold step in using antitrust laws to protect workers’ rights. The ongoing trial between grocery chain Kroger and rival Albertsons is a testing ground for this initiative, with the FTC alleging that the proposed merger would harm the bargaining power of unionized workers. This shift in
The S&P 500 closed lower on Monday, with Nvidia, a major player in the AI sector, seeing a decline before its quarterly report later in the week. Investors were also eagerly awaiting inflation data for indications on the potential direction of interest rate cuts by the Federal Reserve. The Nasdaq also experienced a dip, while
Evercore ISI analysts have recently recommended buying Nvidia stock, expressing confidence in the chipmaker’s upcoming earnings report for the July quarter. Despite concerns about potential delays in the release of the Blackwell system, Evercore believes that these worries are overstated. The investment bank pointed out the strong demand for Nvidia’s systems, with a significant increase
When analyzing the forecast for the U.S. dollar by Wells Fargo Investment Institute, it is interesting to note the emphasis placed on interest rate differentials and global economic conditions. Typically, the expectation of significant rate cuts by the Federal Reserve would lead one to anticipate a depreciation of the dollar. However, analysts argue that the
Australia’s bank regulator made a significant move by increasing the amount of spare cash that ANZ, the country’s third-largest lender, must hold due to suspected misconduct within its bond trading unit. This decision comes as a result of an ongoing scandal that has been growing in severity. The Australian Prudential Regulation Authority (APRA) not only