WestJet ratifies contract with Swoop pilots, to integrate airline into main ops

(Reuters) – Onex Corp’s WestJet and pilots at its budget carrier Swoop ratified a new four-year agreement for pay hikes and job security, the Air Line Pilots Association International (ALPA) said on Friday. As negotiated in the agreement, WestJet said it will begin integrating the ultra-low-cost airline into its mainline operations by the end of…

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U.S. ‘aspirational’ shoppers are spending less on fashion, jewelry

By Katherine Masters NEW YORK (Reuters) – A gulf in spending patterns between wealthy Americans and so-called “aspirational” shoppers is driving luxury retailers to search out new sources of revenue and, in some cases, to shift their merchandise strategies, several retailers said. Jewelry company Signet , which owns brands including Kay, Jared and Zales, was the…

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Binance.US halts dollar deposits, Robinhood delists tokens after SEC crackdown

By Elizabeth Howcroft, Hannah Lang and Rae Wee (Reuters) -The U.S. affiliate of Binance said it was halting dollar deposits, while trading platform Robinhood Markets said it was delisting some crypto tokens, after the U.S. securities regulator stepped up its crackdown on the crypto sector. Binance.US, the purportedly independent partner of Binance, said in a…

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Tesla short sellers down $6.08 billion in stock’s 11-session winning streak -S3 Partners

(Reuters) – Traders who have sold Tesla Inc shares short have lost about $6.08 billion on a mark-to-market basis during the electric car maker’s current winning streak, according to the latest data from S3 Partners. Tesla’s current rally, which will span 11 sessions if it closes Friday’s session higher, has the stock up around 35%…

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Goldman Sachs: “Fully orthodox” policy maker could raise Turkey rates to 40%

LONDON (Reuters) – Goldman Sachs said on Friday the appointments of Mehmet Simsek as Turkish finance minister and Hafize Gaye Erkan as central bank governor suggested a widespread understanding in the new administration that monetary and fiscal adjustments were needed. The Wall Street bank, in an overhaul to a number of its forecasts for Turkey,…

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Jeffrey Epstein victims demand new deposition of JPMorgan CEO Dimon

By Tatiana Bautzer and Jonathan Stempel NEW YORK (Reuters) – Lawyers for Jeffrey Epstein victims who are suing JPMorgan Chase over its ties to the disgraced financier on Friday asked a judge to require Chief Executive Jamie Dimon and two other bank officials to sit for new depositions. In a letter to U.S. District Judge…

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