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Wall Street Braces as Tech Rout Deepens

US markets looked set for another turbulent session as futures for the S&P 500 and Nasdaq pointed lower, signaling continued pressure on the tech sector. A wave of selling has swept through major technology names this week, and Thursday’s pre‑market action suggested the downturn isn’t over yet. Alphabet remained a major drag after its sharp slide, with investors reacting to concerns about rising AI‑related spending and the uncertain payoff timeline. The pullback has added to broader anxiety across the sector, where valuations have been tested by shifting expectations around growth and profitability. Amazon now sits in the spotlight as traders await its upcoming earnings report. With sentiment already fragile, the company’s results could either steady the market or accelerate the sell‑off, depending on how its cloud and retail segments perform. Commodities also reflected the risk‑off mood. Silver prices tumbled, extending a recent decline and underscoring the cautious tone acros...
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WestJet Mechanics Strike: Over 150 Flights Cancelled Ahead of Long Weekend

In an unexpected turn of events, WestJet mechanics have gone on strike, leading to the cancellation of at least 150 flights starting this Saturday. The Aircraft Mechanics Fraternal Association (AMFA) initiated the strike due to the airline’s “unwillingness to negotiate with the union,” making the strike inevitable. This move followed a federal government order for binding arbitration after two weeks of turbulent discussions with the union.

Calgary-based WestJet expressed extreme outrage at the mechanics’ actions and vowed to hold AMFA accountable for the stress and costs incurred. Last year, WestJet narrowly averted a strike during the May long weekend, but this time, over 20,000 travelers will be impacted by the cancellations.

As the Canada Day long weekend approaches, passengers are left wondering about their travel plans, while the airline grapples with the unexpected labor disruption.

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