Rivian’s Ambitious CEO Compensation Plan Rivian Automotive announced on Friday a new CEO pay plan for founder RJ Scaringe worth up to $4.6 billion over the next decade, following a model similar to Tesla’s record package for Elon Musk. The package is designed to align CEO incentives with shareholder returns while retaining Scaringe to lead

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Airlines Prepare for Extended Flight Reductions Major U.S. airlines are preparing for a third consecutive day of government-mandated flight cuts on Sunday after severe staffing shortages in air traffic control disrupted thousands of flights over the weekend. The Federal Aviation Administration (FAA) initially instructed airlines to cut 4% of daily flights at 40 major airports

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Canada’s labor market posted a surprise expansion in October, reversing prior declines, as employment rose 66,600 jobs and the unemployment rate fell to 6.9%, Statistics Canada reported on Friday. The data offers a rare bright spot for an economy that has faced headwinds from U.S. tariffs affecting key sectors such as steel and automotive. October

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Canadian equities dropped to their lowest level in more than a month on Friday, as investors weighed robust domestic jobs data against a pullback in artificial intelligence (AI)-linked technology stocks. The S&P/TSX Composite Index (.GSPTSE) fell 0.6%, marking its weakest close since September 25, driven largely by a 3% decline in technology shares (.SPTTTK). The

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Gold prices climbed on Friday as the U.S. dollar softened and ongoing uncertainty around a U.S. government shutdown boosted demand for safe-haven assets. Despite these gains, Wall Street indexes were poised for their steepest weekly declines in seven months, driven by concerns over the sustainability of recent AI-driven stock rallies. Spot and Futures Gold Prices

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A recent survey by the Federal Reserve Bank of New York reveals that while Americans are becoming less concerned about near-term inflation, worries about the job market and personal financial outlook remain elevated. The findings provide insight into household expectations for inflation, employment, and financial well-being amid ongoing economic uncertainty. Near-Term Inflation Expectations Moderate The

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Italy’s largest bank, Intesa Sanpaolo (ISP.MI), announced on Friday that its Fideuram private banking arm is expanding its digital investment services into Belgium and Luxembourg through a strategic partnership with BlackRock (BLK.N). The move highlights the growing trend of digital wealth management solutions across Europe and reflects rising investor demand for accessible, technology-driven investment options.

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Global equity funds experienced a substantial surge in investor inflows last week, marking the largest net purchases since early October, as optimism around artificial intelligence (AI)-linked corporate deals fueled higher allocations despite ongoing market volatility. Data from LSEG Lipper shows that global equity funds received a net $22.37 billion in the week ending November 5.

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U.S. equity funds experienced strong inflows last week, marking the largest net purchases since early October, as investors remained optimistic about artificial intelligence-linked corporate deals and sought opportunities during a market correction. Data from LSEG Lipper shows that total net inflows into U.S. equity funds reached $12.6 billion for the week ending November 5, signaling

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Australia’s financial regulator has raised significant concerns over retirement savings advice, revealing that poor guidance on self-managed superannuation funds (SMSFs) could seriously threaten Australians’ nest eggs. The findings highlight the importance of responsible financial advice and the potential risks associated with managing retirement funds independently. ASIC Review Finds Risky Advice in SMSFs The Australian Securities

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