Court restores union rights in Wisconsin ruling
Dane County Circuit Judge Frost ruled that public sector workers who lost collective bargaining rights under Act 10 in 2011 must have them restored to pre law conditions. The decision treats them as equivalent to public safety unions, with Republicans planning an appeal ahead of the April election shaping the state Supreme Court's balance.
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Tech drives S&P 500 to record highs on mixed Monday
Technology stocks led a Wall Street rally with the S&P 500 up 0.2 percent to a record 6,047.15 while the Dow slipped 128 points and the Nasdaq rose 1 percent. Super Micro Computer jumped 28.7 percent as Intel, Microsoft, and Meta boosted the market. Stellantis fell after a CEO departure. PG&E dropped 5 percent amid a stock sale plan. Trump warned 100 percent tariffs on a BRIC-like group, stirring dollar and currency talk.
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Fed official leans toward rate cut at December meeting
Federal Reserve Governor Christopher Waller said at a George Washington University event that he leans toward supporting a rate cut at the December meeting if incoming data align with forecasts. He warned inflation risks could justify keeping rates unchanged if data surprise to the upside.
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FTC probes Microsoft cloud business in broad antitrust push
The FTC opened a wide ranging antitrust probe into Microsoft cloud and related AI and cybersecurity lines, a high stakes case that could be carried forward by a future administration. The effort reflects Lina Khan led enforcement and comes as Intel reshapes leadership with interim co-CEOs after Pat Gelsinger steps down.
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