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Enterprise Highlights: Thanksgiving journey, Swift ticket woes

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Thanksgiving journey rush is again with some new habits

NEW YORK (AP) — The vacation journey rush is already on, and it may unfold out over extra days than traditional this yr. Journey consultants say the flexibility of many individuals to work remotely is letting them take off early for Thanksgiving or return residence later. Crowds are anticipated to rival these of 2019, the final Thanksgiving earlier than the pandemic. The Transportation Safety Administration screened greater than 2.6 million vacationers on Monday, surpassing the two.5 million screened the Monday earlier than Thanksgiving in 2019. AAA predicts that just about 55 million folks within the US will journey at the very least 50 miles from residence this week, a rise over final yr and solely 2% lower than in 2019.

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Taylor Swift ticket bother may drive political engagement

NEW YORK (AP) — On the heels of a messy ticket rollout for Taylor Swift’s first tour in years, followers are indignant. They’re additionally energized towards Ticketmaster. Whereas researchers agree that there is not any approach to inform how lengthy the power may final, the outrage reveals a approach for younger folks to turn into extra politically engaged via fan tradition. This is not even the primary time a fandom or an artist has focused Ticketmaster. And Swifties say it isn’t nearly getting a ticket. The ticket debacle has spurred broader conversations about financial inequality and political motion.

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A rail strike looms and influence on US economic system might be broad

OMAHA, Neb. (AP) — American shoppers and practically each trade might be affected if freight trains grind to a halt subsequent month. One of many largest rail unions rejected its deal Monday over issues about demanding schedules and the dearth of paid sick time. The US hasn’t seen an prolonged rail strike in a century. Many companies solely have just a few days’ price of uncooked supplies and house for completed items. If a strike goes previous just a few days, makers of meals, gasoline, automobiles and chemical compounds would all really feel the squeeze, as would their prospects. That is to not point out the commuters who could be left stranded as a result of many passenger railroads use tracks owned by the freight railroads.

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FTX lawyer: ‘Substantial quantity’ of property has been stolen

NEW YORK (AP) — The attorneys for FTX disclosed Tuesday {that a} “substantial quantity” of property has been stolen from the accounts of the collapsed cryptocurrency change, diminishing the percentages that its hundreds of thousands of buyers will get their a reimbursement. The admission got here throughout FTX’s first court docket look because the firm filed for chapter safety on November 11. Such hearings usually occur days after a submitting, however this one was delayed as a result of FTX’s collapse got here abruptly and administration stored few if any information. Choose John Dorsey did quickly grant FTX one order that had generated some controversy: redacting the names and addresses of FTX’s shopper listing.

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Supreme Court docket OKs handover of Trump tax returns to Congress

WASHINGTON (AP) — The Supreme Court docket has cleared the best way for the handover of former President Donald Trump’s tax returns to a congressional committee after a three-year authorized battle. The Democratic-controlled Home Methods and Means Committee had requested for six years of tax returns for Trump and a few of his companies from 2015 to 2020. The court docket’s order Tuesday leaves no authorized impediment in the best way. The Treasury Division refused to supply the information throughout Trump’s presidency. However the Biden administration stated federal regulation is evident that the committee has the proper to look at any taxpayer’s return, together with the president’s. Decrease courts agreed, rejecting Trump’s claims that the committee solely needed the paperwork to make them public.

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Investigators: Agency that cleans meat vegetation employed minors

OMAHA, Neb. (AP) — A Wisconsin firm that cleans a whole lot of meatpacking vegetation nationwide is defending itself towards allegations that it employed greater than two dozen minors working in a single day shifts cleansing huge saws and different harmful gear. Labor Division officers stated in court docket paperwork that they consider Packers Sanitation Companies Inc. could be using underage staff at different vegetation however investigators have solely simply beginning reviewing 1000’s of pages of worker information at vegetation moreover those in Nebraska and Minnesota the place they confirmed youngsters had been working. A decide already issued a short lived order prohibiting the corporate from using minors and interfering within the investigation. The corporate says it is cooperating and already prohibits hiring anybody youthful than 18.

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US shares rise, sturdy earnings ship retailers greater

NEW YORK (AP) — Shares rose on Wall Road and strong earnings helped jolt a mixture of retailers greater forward of the Thanksgiving vacation within the US The S&P 500 rose 1.4% Tuesday. The Dow Jones Industrial Common added 1.2% and the Nasdaq added 1.4%. Monetary and expertise corporations gained floor. Power shares rose together with oil costs. Treasury yields slipped. Finest Purchase soared greater than 12% after the Minneapolis-based client electronics chain did higher than analysts anticipated and stated a decline in gross sales for the yr won’t be as unhealthy because it had projected earlier.

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OECD forecast: Excessive charges, inflation to sluggish world development

PARIS (AP) — Hobbled by excessive rates of interest, punishing inflation and Russia’s warfare towards Ukraine, the world economic system is predicted to eke out solely modest development this yr and to increase much more quickly in 2023. That is the sobering forecast issued Tuesday by the Paris -based Group for Financial Cooperation and Growth. Within the OECD’s estimate, the world economic system will develop simply 3.1% this yr, down sharply from a strong 5.9% in 2021. Subsequent yr, the OECD predicts, could be even worse: The worldwide economic system will increase solely 2.2%. In its newest forecast, the group predicts that the US Federal Reserve’s aggressive drive to tame inflation with greater rates of interest will grind the US economic system to a near-halt.

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Russia’s Gazprom threatens Europe fuel cuts via Ukraine

Russian power large Gazprom has threatened to cut back pure fuel provides via the final pipeline heading to Europe by way of Ukraine, saying the quantity it is supplying for Moldova isn’t ending up within the former Soviet republic. Gazprom says the fuel firm of Europe’s poorest nation, Moldovagaz, paid for a part of its November flows of fuel underneath its contract however that just about 25 million cubic meters has been provided however not paid for. The Russian state-owned firm tweeted that if “the imbalance noticed throughout the transit of fuel to the Moldovan shoppers throughout Ukraine continues,” Gazprom “will begin decreasing its fuel provides” via Ukraine beginning Monday. Ukraine says all provides that Russia despatched via the nation had been “totally transferred” to Moldova.

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The S&P 500 rose 53.64 factors, or 1.4%, to 4,003.58. The Dow Jones Industrial Common gained 397.82 factors, or 1.2%, to 34,098.10. The Nasdaq added 149.90 factors, or 1.4%, to 11,174.41. The Russell 2000 index of smaller corporations tacked on 21.30 factors, or 1.2%, to 1,860.44.

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