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CBS News
2 minutes ago
- CBS News
Air Canada delays plans to resume operations after flight attendants refuse to end strike
Air Canada is delaying its plans to resume services on Sunday after its 10,000 striking flight attendants defied the Canadian government's return-to-work order to remain on the picket lines. The strike, which began on Saturday morning, stranded more than 100,000 travelers around the world during the peak summer travel season. The Canada Industrial Relations Board ordered airline staff back to work by 2 p.m. Sunday after the Canadian government intervened and Air Canada said it planned to resume flights Sunday evening. However, the Canadian Union of Public Employees, which represents the flight attendants, said the demonstrations will keep going around the country, despite the airline's statement. "We invite Air Canada back to the table to negotiate a fair deal, rather than relying on the federal government to do their dirty work for them when bargaining gets a little bit tough," the union said. "We remain on strike. We demand a fair, negotiated contract and to be compensated for all hours worked." The airline said in a statement Sunday afternoon that it plans to resume flights on Monday evening. Fewer than 12 hours after workers walked off the job, Federal Jobs Minister Patty Hajdu ordered the 10,000 flight attendants back to work, saying now is not the time to take risks with the economy and noting the unprecedented tariffs the U.S. has imposed on Canada. Hajdu referred the work stoppage to the Canada Industrial Relations Board. The shutdown of Canada's largest airline early Saturday was impacting about 130,000 people a day. Air Canada operates around 700 flights per day. According to numbers from aviation analytics provider Cirium, Air Canada had canceled a total of 671 flights by Saturday afternoon, following 199 on Friday. And another 96 flights scheduled for Sunday were already suspended. The bitter contract fight escalated Friday as the union turned down Air Canada's prior request to enter into government-directed arbitration, which allows a third-party mediator to decide the terms of a new contract. Flight attendants walked off the job around 1 a.m. EDT on Saturday. Around the same time, Air Canada said it would begin locking flight attendants out of airports. Last year, the government forced the country's two major railroads into arbitration with their labor union during a work stoppage. The union for the rail workers is suing, arguing the government is removing a union's leverage in negotiations. The Business Council of Canada had urged the government to impose binding arbitration in this case, too. And the Canadian Chamber of Commerce welcomed the intervention. Hajdu maintained that her Liberal government is not anti-union, saying it is clear the two sides are at an impasse. Passengers whose flights are impacted will be eligible to request a full refund on the airline's website or mobile app, according to Air Canada. The airline said it would also offer alternative travel options through other Canadian and foreign airlines when possible. Still, it warned that it could not guarantee immediate rebooking because flights on other airlines are already full "due to the summer travel peak." Air Canada and the Canadian Union of Public Employees have been in contract talks for about eight months, but they have yet to reach a tentative deal. Both sides have said they remain far apart on the issue of pay and the unpaid work flight attendants do when planes aren't in the air. The airline's latest offer included a 38% increase in total compensation, including benefits and pensions, over four years, that it said "would have made our flight attendants the best compensated in Canada." But the union pushed back, saying the proposed 8% raise in the first year didn't go far enough because of inflation.
Yahoo
30 minutes ago
- Yahoo
I'm a psychologist who coaches day traders. Here's why many fail and what I tell them to do instead
Andrew Menaker is a psychologist who now coaches day traders on and off Wall Street. Menaker thinks many traders struggle for a common set of reasons, like having too big an ego. A day trader himself, he has a few tips for people — literally — trying to get in on the trade. This as-told-to essay is based on a conversation with Andrew Menaker, a psychologist and a day trading coach based in San Francisco. It has been edited for length and clarity. First of all, I had never, ever planned on becoming a trading psychology coach. In fact, many years ago, I never knew anything about markets. I think I had one econ class in undergrad. That was it. I actually started my career at the US Navy as an independent psychological consultant. My job was to work with agencies like the NCIS, the FBI, and the Secret Service and to help with things like threat assessments and hostage negotiations. I felt like an impostor, coming right out of grad school, but I seemed to be a natural for it. I got very lucky. Wells Fargo heard about my reputation in the Navy, and, after a post-doc internship with them, I was hired as a psychological consultant on their trading desk. Again, I felt like an impostor — no background in finance, brand new Ph.D. Here I am, green behind the ears. But the people at Wells Fargo saw something in me. My very first clients were institutional desk traders who were moving hundreds of millions of dollars at the push of a button. It was the first time I had been exposed to trading. After several years of consulting on Wall Street, I started trading on my own. It was the '90s in San Francisco during the dot-com bubble. Stocks were starting to race up. The market bug bit, and I thought, "Oh my gosh, this is something for me. I've got to do this for myself." Back in those days, all stocks were going up, so it was kind of easy. My brokerage account went from $25,000 to $150,000 over a six-month period, and I was featured in a book about my trading success. I still trade today. Now, I run my own coaching practice, where I work with traders of all sorts — Wall Street traders, prop traders, and even retail traders, some of whom are aiming to go full-time. People usually come to me with some kind of trading issue: "I can't follow my plan." "I'm having a hard time accepting losses." "I'm over-trading." What many people don't realize is that they're not just trading in a vacuum, whether they're on a bank desk or in a hedge fund or trading their own money. Your whole life comes with you into every trade, whether you consciously realize it or not. My job is to help people understand that. I call it trading your "inner market." It's comprised of biological influences — your sleep, your hormone levels — as well as your emotions — your thoughts, your memories, your experiences in life, how people see you, and how you want to be seen by others. When a trader understands how their inner market operates, they start to see the market on the screen differently. By default, I end up becoming a life coach for many of my clients. I'm helping them, not just with their trading, but with marriages, divorces, having children, all kinds of stuff. Here are some of the most common issues I see hold traders back — and what I recommend traders do instead. Big ego When I was featured in a book about my trading success, I was one of 16 top traders that was featured. That really puffed up my ego. But within weeks of that book coming out, my trading went downhill. I had the biggest drawdown of my career. I talk about this often with my clients. I call it the recognition trap. The fame and the pressure that comes with it can smell trouble for your performance, and that certainly happened to me. Some of my clients might know that their ego is too big. But it often requires somebody else — someone credible that they trust — to actually point it out to them. Too aggressive Around 70%-80% of my retail clients are too aggressive in taking risks. They tend to put on too many trades. They tend to be impulsive. They can't wait for the moment when their plan says they should be getting into the market. And, when they lose money, they want to make it back as quickly as possible. So they start revenge trading, which usually makes things worse. Too scared There are some clients who are very frozen-deer-in-the-headlights. I see this often when I work with traders who are software engineers. Their background is all about precision, black and white, right or wrong. Unless it's perfect, they're not going to want to pull the trigger. Well, markets are never perfect. They're kind of messy. So people who tend to be more on the risk-averse side, they tend to be the under-traders. Solutions Journaling. All traders should be keeping what I call a real-time emotion journal. Ask yourself questions while you're engaged with the market. What am I feeling right now? Why am I feeling this way? When I feel this way, what do I typically do? Write that out and answer it. Many traders get pulled into the market. They're staring at the screen and feel that they have no choice but to execute the trade. But you always have a choice. This type of reflection can help people recognize when they're under pressure. They don't have to hit the button so automatically. Regulate your nervous system. When you're feeling anxious, the limbic system will generate the flight, fight, or freeze response. We all have it. But that instinct often translates into hitting the button on your keyboard at the wrong time. If you can relax, the response won't be quite as extreme. You can downregulate your nervous system by tracking heart rate variability with a monitor. If you don't have that, you can simply take slow, long breaths when you're under pressure. Be aware of your health. When I take on a new client, I explore their physiology with them. What's your diet like? What's your exercise routine? How much sleep are you getting? All of that filters into how we see the market and how we interact with it. If you didn't sleep much last night, be really careful about putting on trades. I've seen it with myself and my clients. There's a correlation between sleep deprivation and sloppy trading. Are you a day trader and want to share your story? Reach out to this reporter at jsor@ Read the original article on Business Insider
Yahoo
30 minutes ago
- Yahoo
Silicon Valley Startup Tensor Unveils $200K Luxury Robocar With 37 Cameras And Zero-Cloud Privacy For 2026 Launch
Silicon Valley startup Tensor plans to release the first personal Level 4 autonomous vehicle for consumers in the second half of 2026, challenging Tesla (NYSE:TSLA) and other self-driving hopefuls in a high-stakes race for autonomy, Forbes reports. The vehicle, built by Vietnamese automaker VinFast (NASDAQ:VFS), will combine "eyes off" self-driving capability with a folding steering wheel and retractable pedals that transform the driver's seat into a lounge-like space, the report says. Don't Miss: The same firms that backed Uber, Venmo and eBay are investing in this pre-IPO company disrupting a $1.8T market — 'Scrolling To UBI' — Deloitte's #1 fastest-growing software company allows users to earn money on their phones. You can Tensor, rebranded from robotaxi operator AutoX, departs from the common industry path of launching ride-hailing services first, instead offering a luxury electric vehicle that owners can either drive themselves or allow to operate fully autonomously in approved zones. The company emphasizes privacy, allowing drivers to disable remote access and keep their travel data stored only in the vehicle. A Sensor Suite Built to Maximize Safety and Autonomy Tensor's robocar will feature one of the most extensive sensor arrays in the industry, with 37 cameras, five custom lidars, 11 radars, multiple microphones, ultrasonic sensors, collision detectors, water sensors, and more, many with self-cleaning systems for uninterrupted performance. Forbes says cameras under the chassis can detect obstacles beneath the vehicle, addressing a flaw that has plagued other autonomous systems. The fully drive-by-wire architecture includes triple-redundant braking and steering systems to meet strict safety requirements, paired with high-resolution lidar capable of dense environmental mapping. Interior features such as folding pedals, a retractable yoke, and a sliding central display maximize cabin space during self-driving mode. Trending: Bill Gates Warned About Water Scarcity. AI Foundation Model and Supercomputer Power the Drive The vehicle's intelligence will come from Tensor's proprietary "Foundation Model," a transformer-based AI system that Forbes says is similar in architecture to large language models like ChatGPT, designed for real-time decision-making and deep situational reasoning without relying on cloud servers. Tensor's AI blends rapid reflexive responses with slower, more deliberate analysis, enabling it to handle complex driving situations safely. An onboard supercomputer delivering 8,000 tera operations per second of processing power will analyze sensor data in real time, supported by a triple-layer redundancy system for critical functions. This setup includes processors from Nvidia (NASDAQ:NVDA), Texas Instruments (NASDAQ:TXN), NXP Semiconductors (NASDAQ:NXPI), and Renesas, ensuring continued operation even if primary systems Tesla's Delays in Consumer Self-Driving Tesla has repeatedly promised unsupervised self-driving "within a year" for the past eight years, but Forbes says the company currently offers only supervised driver-assist systems. Tensor's approach directly targets the consumer market rather than starting with taxi fleets, a move that could differentiate it in a crowded field of autonomous vehicle developers. Tensor acknowledges it will not be able to navigate every road at launch, focusing instead on highways and major arterials in non-snow regions. The company believes its combination of safety, privacy, and luxury will justify a price above existing premium EVs such as the Lucid Air, which ranges from $72,400 to $250,500. If Tensor can deliver on its 2026 promise, the report says it could redefine personal mobility by making Level 4 autonomy available for purchase, shifting self-driving from a service you summon to a vehicle you own. Read Next: In a $34 Trillion Debt Era, The Right AI Could Be Your Financial Advantage — Image: Shutterstock Up Next: Transform your trading with Benzinga Edge's one-of-a-kind market trade ideas and tools. Click now to access unique insights that can set you ahead in today's competitive market. Get the latest stock analysis from Benzinga? APPLE (AAPL): Free Stock Analysis Report TESLA (TSLA): Free Stock Analysis Report This article Silicon Valley Startup Tensor Unveils $200K Luxury Robocar With 37 Cameras And Zero-Cloud Privacy For 2026 Launch originally appeared on © 2025 Benzinga does not provide investment advice. All rights reserved.
