Livingstone Investment Partners

According to the Labor Department's Bureau of Labor Statistics, U.S. consumer prices rose slightly more than expected in September amid higher food costs. Meanwhile, the annual increase in inflation was the smallest in more than 3.5 years, keeping the Federal Reserve on track to cut interest rates again next month. For more market insights, contact us.

Source: https://www.reuters.com/markets/us/us-consumer-prices-rise-slightly-above-expectations-september-2024-10-10/

Air Canada is asking the federal government to intervene in contract negotiations with its pilots. The Montreal-based airline is set to begin winding down operations Sunday, as talks with more than 5,000 unionized pilots have stalled over wages. According to some economists, a two-week strike could result in a real GDP loss of $1.4 billion, or $98 million per day. For more market insights, contact us.

Source: https://financialpost.com/transportation/airlines/air-canada-pilot-strike-nears

U.S. stocks ended with steep losses on Monday, leaving the Nasdaq and S&P 500 down at least 3% each as the market extended last week's sell-off amid U.S. recession worries, which shook global markets and drove investors out of risky assets following weak economic data last week, including Friday's soft U.S. payrolls report. The Nasdaq Composite confirmed on Friday that it was in correction territory. For more market insights, contact us.

Source: https://www.reuters.com/markets/us/us-futures-tumble-recession-fears-grip-investors-2024-08-05/