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Equities in retreat as Powell warns rate hikes still on table
Equities in retreat as Powell warns rate hikes still on table
Economy
by  AFP

Asian stocks sank Friday and the dollar held gains after Federal Reserve boss Jerome Powell warned he "will not hesitate" to hike interest rates further in his quest to bring inflation to heel. The dollar rallied against its key peers after the remarks, and it held those in Asia on Friday.

Biden revs up union support against Trump
Biden revs up union support against Trump
Economy
by  AFP

US President Joe Biden donned the signature red T-shirt of America's biggest car workers union and lashed out at Donald Trump Thursday as he tried to fire up their support for his 2024 reelection bid. A long-term union supporter who became the first US president to visit a picket line in Michigan in September, Biden appeared to relish UAW's backing on Thursday.

Hollywood celebrates strike end as actors get back to work
Hollywood celebrates strike end as actors get back to work
Economy
by  AFP

Hollywood celebrated Thursday after actors agreed to end a crippling months-long strike, kicking off a race to get the cameras rolling and salvage next year's movies and television shows. The deal comes just in time for studios to finish movies still pencilled in for next summer's blockbuster season, and some television shows can even be completed in time for spring.

Influential feminist news site Jezebel shutters
Influential feminist news site Jezebel shutters
Technology
by  AFP

Jezebel, the influential US feminist news site beloved for its pithy cultural commentary and astute reporting, is shutting down after 16 years online, its parent company announced Thursday. Also on Thursday, Vice Media Group announced a new round of layoffs, after announcing earlier this year it was filing for bankruptcy protection to facilitate its sale.