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Business
Amazon workers to strike at warehouses as union seeks labour contract
The International Brotherhood of Teamsters said workers at seven Amazon facilities will begin a strike on Thursday morning, an effort by the union to pressure the e-commerce company for a labour agreement during a key shopping period.
Economy
Stocks plunge as Federal Reserve's tilt triggers ‘Black Wednesday’
Fed sparks market rout: Wall Street plunged, the dollar hit two-year highs, and Treasury yields spiked as Powell struck a hawkish tone, warning of inflation risks and cautious rate cuts ahead. Bitcoin slid 5% after Powell ruled out a US crypto reserve tool.
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Economy
US Federal Reserve set to announce quarter-point cut to its key rate
Federal Reserve officials on Wednesday will likely signal a slower pace of interest rate cuts next year compared with the past few months, which would mean that Americans might enjoy only slight relief from still-high borrowing costs for mortgages, auto loans and credit cards.