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US job growth beats expectations in September; unemployment rate rises to 4.4%

By Lucia Mutikani WASHINGTON (Reuters) -U.S. job growth accelerated in September, but the unemployment rate rose to 4.4% and the economy shed jobs in the prior month, suggesting labor market conditions remained sluggish. Nonfarm payrolls increased by ...
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US filings for jobless benefits remained in historically healthy range during government shutdown

New U.S. jobless claim applications fell last week, remaining within the healthy range of recent years, according to the government's first weekly layoffs data since before the government shut down on Oct. 1. The number of Americans filing for unemployment ...
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The Weeknd’s ‘After Hours ‘Til Dawn’ Tour grosses over $1 billion, Live Nation says

NEW YORK (AP) - The Weeknd's After Hours 'Til Dawn Tour has officially crossed the $1 billion mark, according to Live Nation. The lengthy tour, which launched in Philadelphia in July 2022 and runs through September 2026, has officially grossed ...
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US weekly jobless claims fall; continuing claims increase

WASHINGTON (Reuters) -The number of Americans filing new applications for unemployment benefits fell last week, but more out of work people are struggling to find new opportunities amid weak hiring. Initial claims for state unemployment benefits dropped 8,000 to a ...
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Trump’s big bill will boost growth, but impact muted by Fed interest rates – research

By Howard Schneider WASHINGTON (Reuters) -The Trump administration's mammoth fiscal legislation will boost economic growth next year, but the impact will be partially undercut by Federal Reserve interest rates kept higher than they would be otherwise, a former top Fed ...
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The Latest: Delayed job report shows 119,000 jobs added in September

U.S. employers added a surprisingly solid 119,000 jobs in September, the government said, issuing a key economic report that had been delayed for seven weeks by the federal government shutdown. The unemployment rate rose to 4.4% from 4.3% in August, ...
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Verizon is cutting more than 13,000 jobs as it works to ‘reorient’ entire company

NEW YORK (AP) - Verizon is laying off more than 13,000 employees, as the telecommunications giant says it must "reorient" its entire company. The jobs cuts began on Thursday, per to a staff memo from Verizon CEO Dan Schulman. In ...
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GE Appliances announces $150 million partnerships

(The Center Square) - GE Appliances announced Thursday it is investing more than $150 million into contracts for suppliers in the United States, contributing toward a new laundry manufacturing plant. ...
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Walmart raises profit expectations as more Americans hunt deals in sluggish economy

NEW YORK (AP) - Walmart delivered another standout quarter, posting strong sales and profits that blew past Wall Street expectations as it wins over more cash-strapped Americans who have grown increasing anxious about the economy. With other retailers dialing back ...
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Prada heir Lorenzo Bertelli will have strategic role at Versace as executive chairman

MILAN (AP) - Prada heir Lorenzo Bertelli will have a major strategic role as executive chairman of Versace after the Prada Group completes its 1.25 billion-euro ($1.4 billion) deal to buy its rival, expected in the coming weeks, the ...
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Private credit markets and stablecoins need close monitoring, G20 watchdog tells leaders

LONDON (Reuters) -The boom in private credit markets and stablecoins warrants close monitoring, the Group of 20's financial risk watchdog told leaders ahead of their summit in South Africa. In a letter to the G20 leaders published on Thursday, its ...
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Analysis-Scramble to sell Japan sounds fiscal warning bells

By Tom Westbrook and Junko Fujita SINGAPORE/TOKYO (Reuters) -Investors bailing out of the yen and Japan's government bonds have driven borrowing costs there to record highs, bending markets out of shape and piling pressure on the country's policymakers as they ...
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