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Hundreds of Hilton hotel workers walk off the job in Seattle By Reuters
(Reuters) - More than 100 workers at the Hilton Hotel in Seattle have quit their jobs to demand higher wages, fair hiring and workloads and a reversal of coronavirus-era cutbacks, the United Here union said on Saturday. “The week-long…
China offers few details on stimulus in Saturday’s press conference
China's State Council Information Office held a long-awaited press conference on Saturday, chaired by Finance Minister Lan Fu'an.The market was hoping for more announcements on fiscal stimulus after media was told that an invitation said…
Verdi union against Commerzbank cross-border merger regardless of bidder nationality By Reuters
ROME (Reuters) - German trade union Verdi will oppose Commerzbank's cross-border merger even if the bidder is not an Italian bank like UniCredit, an official said on Saturday. Berlin was surprised by UniCredit's decision to build a…
USDCAD is snapping back higher after a stronger jobs report. Buyers back in control
USD/CAD has been trending higher since bottoming on October 2 near 1.3472. Momentum over the past eight trading days has pushed the price to a high of 1.37826. Taking that price to the bottom of the next targeted swing zone between 1.3784…
How US election could impact CEEMEA equities
Investing.com - The US election is likely to impact the economies of Central and Eastern Europe, the Middle East and Africa, and JPMorgan discusses the potential consequences.
The US investment bank took a look at four key policy areas…
Fed’s Bowman does not comment on Fed policy or the economy at speaking engagement
High risk warning:
Foreign exchange trading involves a high level of risk that may not be suitable for all investors. Leverage creates more risk and exposure to loss. Before…
Can the Government save US ecommerce from Temu and Shein? By Investing.com
Investing.com - The US government is now facing a growing e-commerce challenge: the growing influence of Chinese retail giants Temu and Shein.
Both platforms have revolutionized the US market with their ultra-low-cost products and unique…
Somthing is going on with bitcoin and Microstrategy
Bitcoin dailyBitcoin is up 4.5% today as it erases the past two days of selling. It's a nice move but it brings things back to how they were over the past eight months. Wake me up when it breaks the $50-70k range.What catches my attention…
Bain makes binding offer for Fuji Soft, 7% higher than rival KKR By Reuters
TOKYO (Reuters) - U.S. buyout fund Bain Capital has made a binding offer to buy FujiSoft for 9,450 yen per share in a deal that values the Japanese software developer at $4 billion and outperforms rival KKR by about 7 percent. Bain said…
Goldman Sachs: EUR should now be the preferred funding currency over CHF and JPY
Goldman Sachs suggests that the euro should now be considered the financing currency of choice, especially compared to the Swiss franc and Japanese yen, given current market conditions and expectations for the currency's performance.Key…
