Global stocks mixed ahead of Labor Day holiday
Global benchmarks drifted in cautious trading before the U.S. Labor Day break with France’s CAC 40 down 0.3 percent to 7,611.64, Germany’s DAX at 18,881.14, and the FTSE 100 nearly flat. US futures slipped 0.1 percent, while Japan’s Nikkei 225 nudged higher on signs of corporate investment growth and a recovering economy. energy and currency markets also moved modestly.
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Brazilian Supreme Court upholds block on X platform nationwide
A five justice panel in Brazil unanimously backed Justice Alexandre de Moraes in blocking Elon Musk's X nationwide for failing to name a local legal representative. The decision keeps X suspended until compliance and fines totaling over 3 million dollars are paid, amid clashes over free speech and VPN enforcement. Starlink faces pressure as regulators weigh license revocation if noncompliant.
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U.S. hotel strikes widen as workers press demands on Labor Day
More than 10,000 hospitality workers across 25 hotels went on strike over Labor Day weekend to push for higher pay fair workloads and restoration of COVID-era cuts. Honolulu hosts about half of those striking with 5,000 workers. The actions target Marriott Hilton and Hyatt properties with plans to last one to three days and potential expansion to New Haven Oakland and Providence.
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HP sees UK damages case vs Lynch estate continue
Hewlett Packard Enterprise will pursue up to 4 billion dollars in damages in the U.K. civil case over the Autonomy deal against the estate of Mike Lynch who died when his Bayesian yacht sank off Sicily. The High Court has indicated damages would be substantially less than sought, while prosecutors in Italy study the captain for possible manslaughter.
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