Biden praises trilateral cooperation with Japan and Korea
President Biden lauded the joint efforts of the United States, South Korea, and Japan to counter North Korea's dangerous ties with Russia at the APEC summit in Lima. Leaders Yoon Suk Yeol and Shigeru Ishiba highlighted trilateral drills and shared missile defense aims amid Pyongyang’s escalating missile tests.
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Virgin Hotels Las Vegas hit by first open-ended strike in 22 years
Hundreds of Culinary Workers Union members walked off the job at Virgin Hotels Las Vegas before dawn Friday joining a prolonged walkout after stalled contract talks. The strike affects roughly 60,000 Nevada union members and follows prior two day walkouts this year as wages and benefits are negotiated. Bethany Khan said Virgin Hotels is the final holdout as the union presses for a five year deal with higher pay and better benefits.
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Retail spending remains strong with 0.4 percent rise
U S shoppers boosted retail sales 0.4 percent from September to October led by a 1.6 percent jump at auto dealers and 2.3 percent at electronics stores. Weaker areas include furniture, clothing and drug stores as hurricane effects fade.
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Wall Street fades as Trump bump loses steam
U S stocks fell Friday with the S&P 500 down 1.3 percent, Dow off 305 points and Nasdaq sliding 2.2 percent as the Trump election rally waned and a Fed rate cut faded. Vaccines makers weighed on markets with Moderna and Pfizer dropping amid profit worries while Kennedy eyeing HHS leadership added uncertainty for biotech groups.
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