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Days after tens of thousands of longshoreman along the East and Gulf Coasts walked out, their union and their bosses reached a tentative agreement on wages.
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The International Longshoremen's Association received a new wage offer and will halt its walkout at East and Gulf Coast ports, which began Tuesday.
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Brent crude up almost 10% amid speculation of Israeli or Iranian strikes on energy infrastructure
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Oil futures settled higher on Friday, with U.S. and global benchmark prices posting gains of more than 9% for the week, as tensions in the oil-rich Middle East continued to flare in the wake of Iran's missile attack on Israel earlier this week.
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The strike that snarled East Coast and Gulf Coast ports is suspended. The dockworkers' union and the ocean carriers and port operators reached a tentative agreement -- ending the three-day standoff.
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The end of the port strike that shut down shipping on the East and Gulf coasts after three days comes as a relief to the auto industry, which had feared supply bottlenecks that could last months.
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Trump criticizes Liz Cheney after Kamala Harris campaign event appearance MSNBCLiz Cheney blasted Trump at a Harris event. He responded on Fox News CNNLiz Cheney trolls Trump's fake tan habit as she campaigns with Harris at birthplace of Republican party The IndependentLiz Cheney's Speech Seriously Hurt Donald Trump's Feelings The Daily Beast
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Hurricane Helene satellite images show major devastation in North Carolina as death toll continues to rise CBS NewsBefore-and-after images show Helene wiped parts of North Carolina off the map CNNUS south-east reels from ‘catastrophic' devastation from Hurricane Helene The Guardian US
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Striking dockworkers reached a tentative agreement with port operators on Thursday for a 62 percent wage increase and have extended their contract through Jan. 15 to bargain over remaining issues.
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President Joe Biden's latest attempt at student loan cancellation is free to move ahead, at least temporarily, after a judge in Georgia sent a legal challenge to Missouri.
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