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American Airlines is on a hiring spree

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A new gig working within aviation is on the cards for 18,000 people around the world – with American Airlines gearing up for a major hiring blitz

American Airlines is planning to hire 18,000 workers in 2022, on top of thousands of new employees this year to cater to a rebound in travel.

According to reports, CEO Doug Parker plans to tell lawmakers during a hearing about flight disruptions in recent months that his airline is awaiting an influx of new applicants to fill the new roles.

The chief executives of American Airlines, United Airlines and Southwest Airlines, and Delta Air Lines’ chief of operations, will face questions Wednesday from the Senate Committee on Commerce, Science, and Transportation about mass flight cancellations and staffing struggles despite roughly $54 billion in federal payroll aid doled out to the airline industry to soften the Covid pandemic’s impact.

Just months ago, American and Southwest canceled hundreds of flights during brief periods as they struggled with staffing shortfalls and bad weather.

Both airlines have turned to incentives like extra pay or bonuses to avoid repeats during Thanksgiving, which went smoothly – as well as Christmas and New Year’s holidays which are expected to be busy.

American plans major hiring blitz. Image: File

COVID making the aviation sector sick

Airlines during the pandemic urged thousands of workers to voluntarily take buyouts or leaves of absence to help cut their labor bills since the aid package prohibited them from laying off staff.

Now they are scrambling to add workers as travel demand returns, competing in a tight labor market that has impacted retailers, restaurants, hotels and other industries.

American, which has about 130,000 employees including its regional airline subsidiaries, has hired more than 16,000 employees this year including pilots, flight attendants, mechanics and customer service agents, Parker said in written testimony ahead of the hearing.

“We believe this positive momentum will continue into next year, as we’ve set a target of hiring an additional 18,000 team members in 2022,” Parker said in his testimony.

American Airlines is one of hundreds of airlines around the world that have been impacted by COVID.

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Australia’s inflation report and Nvidia earnings impact explained

Australia’s inflation report sparks market shifts, influencing interest rates, the Aussie dollar, and investor sentiment amid Nvidia’s earnings.

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Australia’s inflation report sparks market shifts, influencing interest rates, the Aussie dollar, and investor sentiment amid Nvidia’s earnings.


Australia’s latest inflation report is creating waves across the market, with questions about interest rates, the strong performance of the Aussie dollar, and the uneven nature of the stock market rally. Investors are watching closely as changes in carry trade risks this month add another layer of complexity.

David Scutt from StoneX discusses what these shifts mean for trading strategies and the broader economic outlook. He provides insight into how underlying factors are shaping investor confidence and market dynamics.

On the tech side, Nvidia’s upcoming earnings are expected to influence AI development and the broader tech sector. Coupled with trends in SaaS and bitcoin price action, these movements are signalling how investor sentiment is evolving in a fast-changing landscape.

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U.S. stocks rally as AMD, Home Depot, and AI software lead gains

U.S. equities rose as AI disruption fears eased, with Home Depot, AMD, and DocuSign driving tech stock gains.

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U.S. equities rose as AI disruption fears eased, with Home Depot, AMD, and DocuSign driving tech stock gains.

U.S. tech stocks surged as investors’ fears over AI disruption eased. Advanced Micro Devices jumped 9% after Meta announced a multiyear deal to deploy AMD’s graphics processing units for AI data centres. The move highlights growing corporate confidence in AI infrastructure investments.

DocuSign also rose 3% following Anthropic’s confirmation that Claude Cowork can integrate with DocuSign, Google Drive, and Gmail, signalling stronger adoption of AI tools across industries.

The iShares Expanded Tech-Software Sector ETF climbed 2% despite remaining over 30% below its 52-week high, showing tech stocks are recovering but still have room to run.


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Stocks tumble amid AI concerns and Trump tariff update

Dow drops 800+ points as AI and trade worries hit tech and retail stocks; bonds rise amid market volatility.

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Dow drops 800+ points as AI and trade worries hit tech and retail stocks; bonds rise amid market volatility.

Stocks plunged sharply as concerns over artificial intelligence and trade tensions rattled investors, sending the Dow down more than 800 points. Heavyweights like American Express, Goldman Sachs, and JPMorgan were key contributors to the drop.

Software companies were hit particularly hard after a report suggested AI could impact economic growth, triggering further losses across tech shares.

Trade-sensitive retailers including American Eagle Outfitters, Ralph Lauren, and Yeti Holdings also faced setbacks as market uncertainty spiked. Bonds, meanwhile, rallied as investors sought safety in a volatile market.

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