Dock Strike Starts At 36 Ports In Bid For Wages And Jobs
PHILADELPHIA 45000 longshore workers began a nationwide strike at 36 ports from Maine to Texas for higher pay and a ban on automation. The walkout, first since 1977, risks supply chain snarls, higher prices, and possible federal intervention as labor gains public support amid inflation and strong port profits.
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Offshore wind plan advances in New Jersey
The federal Bureau of Ocean Energy Management approved Atlantic Shores plan to build an 2800 MW offshore wind project between Atlantic City and Long Beach Island, with 197 turbines. Construction could start next year pending Army Corps of Engineers review and state permits. The project faces local opposition over a proposed seaborn cable route near Sea Girt through Superfund sites in Wall Township, while officials reassure on safety and cleanup progress.
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Wall Street slides after Iran fires missiles at Israel
Wall Street retreated from records as Iran fired missiles into Israel, raising fears of oil-disruption impacts. The S&P 500 fell 0.9 percent, Dow lost 173.18 points, Nasdaq down 1.5 percent, while oil-price gains boosted energy shares and major techs slumped.
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Small businesses brace for longer holiday season
Small retailers face a tougher holiday as inflation eases but costs stay high and consumer spending tightens. Shipping delays loom from a continuing longshoreman strike. Marketing steps up with email and social media cited as most effective. Turn to early campaigns and promotions to stay proactive through a stretched season involving Hannukah on Dec 25.
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