Kwon Says He Will Plead Guilty to Charges Tied to Terra Collapse
Kwon told US District Judge Paul Engelmayer at a hearing in New York on Tuesday that he will plead guilty to conspiracy and wire fraud. The 33-year-old faced nine counts in an indictment.
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Top Stock Movers Now: Dayforce, Novo Nordisk, First Solar, and More
Key Takeaways Major U.S. equities indexes were little changed Monday morning, ahead of retail sector earnings reports and comments from Federal Reserve Chair Jerome Powell due later in the week. Novo Nordisk shares climbed after the Food and Drug Administration approved the drugmaker's popular Wegovy weight-loss medicine to treat a serious liver disease. Dayforce shares surged following reports it's held talks about a takeover by private equity firm Thoma Bravo. Major U.S. equities indexes were little changed Monday morning, ahead of retail sector earnings reports and comments from Federal Reserve Chair Jerome Powell due later in the week. Dayforce (DAY) was the best-performing stock in the S&P 500 following a report that private equity firm Thoma Bravo is in discussions to acquire the human resources software provider. U.S.-listed shares of Novo Nordisk (NVO) also advanced after the Food and Drug Administration approved the drugmaker's popular Wegovy weight-loss medicine to treat a serious liver disease. First Solar (FSLR) and other solar stocks gained in the wake of new guidance from the Treasury Department on federal tax incentives for clean energy projects. Citi and Jefferies analysts said the release was better than anticipated. CVS Health (CVS) shares rose following an upgrade from UBS, which pointed to the drugstore and healthcare company's cost-cutting and improving healthcare benefits division. EQT (EQT) shares fell as the energy provider was downgraded from Roth Capital Partners on concerns an oversupply of natural gas will send prices down and hurt EQT's results. Oil and gold futures slid. The yield on the 10-year Treasury note was little changed. The U.S. dollar gained on the euro, pound, and yen. Read the original article on Investopedia Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
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9 minutes ago
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Air Canada flight attendant strike enters third day, bleeding carrier $60M daily: Analyst
Air Canada ( has paused its financial guidance as its flight attendants' strike enters its third day, costing the airline an estimated $60 million in daily revenue, according to National Bank analyst Cameron Doerksen. Previously, Doerksen had forecast Air Canada's third-quarter revenue at $68 million. The airline is still generating some revenue because Air Canada Express regional flights continue. These flights account for roughly 20 per cent of passengers, but likely represent a smaller share of revenue, he says in a note. Last Saturday, Air Canada's flight attendants went on strike, grounding most of the airline's flights. However, the federal government intervened, directing the Canadian Industrial Relations Board (CIRB) to impose a process of binding arbitration, which the CIRB did on Sunday. Subsequently, the CIRB issued a return-to-work order, directing both Air Canada and its flight attendants to resume operations. The Canadian Union of Public Employees, which represents the flight attendants, has not complied. In response, the CIRB declared the walkout illegal and ordered the union to provide written confirmation by noon Monday that it has revoked the strike authorization. Although the airline is not paying to operate flights during the strike, it continues to face significant fixed costs. For comparison, in the early months of the COVID-19 shutdown, Air Canada's daily EBITDA (earnings before interest, taxes, depreciation and amortization) loss was $9 million. This time, Doerksen estimates losses could reach $25 million per day since operations are structured for a quick restart. National Bank's EBITDA forecast for the third quarter remains at $1.3 billion. Lower-than-projected jet fuel prices might partially offset the labour disruption costs, however. Doerksen cites fuel at $0.85 per litre versus $0.90, and $0.95 per litre projected in Air Canada's fourth quarter, which could provide a $185 million boost to National Bank's 2025 EBITDA estimate. Doerksen doesn't expect the strike to last much longer, citing the disruption to travellers and the broader Canadian economy. Once resolved, he expects a 40 per cent increase in flight attendant compensation, representing a 1.2 per cent overall cost increase for Air Canada over four years. 'Considering that the same union represents most flight attendants at other airlines, whatever contract structure Air Canada negotiates will be a template for future contracts at other carriers,' he added. 'As such, we do not see Air Canada being competitively disadvantaged.' Doerksen expects Air Canada to continue to outperform, despite current negative sentiment. As at 11:00 a.m. ET Monday, Air Canada's stock was trading at $19.42 per share, down 1.74 per cent. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
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Here's the latest in the labour dispute between Air Canada and its flight attendants
OTTAWA — Air Canada flight attendants remain on strike despite back-to-work orders by the Canada Industrial Relations Board. Over the weekend, the federal government asked the board to send the two sides to binding arbitration and order an end to the job action. But the union is challenging the order in Federal Court, and the 10,000 workers have stayed on strike. This morning the labour board declared the strike unlawful and ordered the union's leadership to tell the flight attendants to go back to work. Here's the latest. All times ET. 9:30 a.m. Prime Minister Mark Carney says he's disappointed Air Canada and the union representing its flight attendants weren't able to reach a deal after eight months of negotiations. He tells reporters on Parliament Hill he is urging both sides to quickly resolve the situation. 9 a.m. Air Canada says the Canada Industrial Relations Board has declared the strike unlawful and has ordered the union's leadership to direct its members to return to work. The order came as picketers continued to march around the Terminal 1 departure doors at Toronto Pearson International Airport early Monday morning. Chants reverberated through the sliding doors and into the airport terminal, where passengers approached Air Canada employees to ask about alternatives to their cancelled flights. This report by The Canadian Press was first published Aug. 18, 2025. The Canadian Press Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
