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Morgan Stanley drops call for December Fed rate cut after strong jobs data

(Reuters) -Morgan Stanley on Thursday scrapped its forecast that the U.S. Federal Reserve would cut interest rates by a quarter-point at its December meeting after a firm September jobs report showed signs of a resilient economy. Non-farm payrolls increased by 119,000 jobs after a downwardly ...
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Central Bancompany valued at $5.26 billion in underwhelming Nasdaq debut

(Reuters) -Central Bancompany shares rose 5% in their debut on the Nasdaq on Thursday, giving the U.S. bank a valuation of $5.26 billion. The company's shares opened at $22.06, above its IPO price of $21 apiece at which it raised $373.33 million by selling ...
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Cracker Barrel shareholders vote to keep CEO despite logo debacle

Cracker Barrel shareholders voted Thursday to keep company CEO Julie Felss Masino in place despite a debacle over the company's logo that continues to hurt its sales. But one of the company's directors, Gilbert Davila, resigned from Cracker Barrel's board Thursday after preliminary results indicated ...
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Lucid launches cheaper variant of Gravity electric SUV to broaden appeal

(Reuters) -Lucid Group on Thursday launched a cheaper variant of its Gravity SUV with a starting price of $79,900, as the luxury electric-vehicle maker seeks to reach a broader audience amid slowing EV sales in United States. The Gravity Touring, offers up to 337 miles ...
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UN secretary general urges nations at climate talks to be flexible to get results

BELEM, Brazil (AP) - U.N. Secretary-General António Guterres on Thursday called for countries at climate talks in Brazil to compromise and "show willingness and flexibility to deliver results," even if they fall short of the strongest measures some nations want. "We are down to the ...
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Amazon to invest $3 billion to build data center in Mississippi

(Reuters) -Amazon said on Thursday it will invest at least $3 billion in Warren County, Mississippi to build a data center campus. (Reporting by Harshita Mary Varghese in Bengaluru; Editing by Vijay Kishore) Brought to you by www.srnnews.com
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Average US long-term mortgage rate rises to 6.26%, the third straight increase

The average rate on a 30-year U.S. mortgage edged higher for the third week in a row, though it remains close to its low point this year. The average long-term mortgage rate ticked up to 6.26% from 6.24% last week, mortgage buyer Freddie Mac said ...
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Wall Street opens sharply higher after Nvidia earnings, jobs data

(Reuters) -Wall Street's main indexes jumped at the open on Thursday as technology stocks received a boost after Nvidia's stellar results quelled some concerns around an AI bubble, while a firm September jobs report showed signs of a resilient economy. The Dow Jones Industrial ...
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Bath & Body Works forecasts sales dip as holiday demand wanes; shares plunge

By Prerna Bedi (Reuters) -Bath & Body Works forecast a surprise sales decline for the crucial holiday quarter on Thursday, signalling weak appetite for scented candles and fragrances among cash-strapped shoppers and sending its shares down nearly 24%. The retailer, whose shares have lost 46% of ...
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US existing home sales increase in October

WASHINGTON (Reuters) -U.S. existing home sales increased in October as buyers took advantage of lower mortgage rates, though rising unemployment and high home prices remain a constraint for the housing market. Home sales rose 1.2% last month to a seasonally adjusted annual rate of 4.10 ...
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Stocks rally after blockbuster Nvidia earnings, jobs report

(NEW YORK) -- Stocks rallied in early trading on Thursday, just hours after blockbuster earnings from chip giant Nvidia and a stronger-than-expected jobs report.The Dow Jones Industrial Average jumped nearly 600 points, or 1.2%, while the S&P 500 climbed 1.8%. The tech-heavy Nasdaq soared ...
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Starbucks union says 30 more US stores are joining week-old strike

Starbucks' union is expanding its week-old strike against the company. Starbucks Workers United said baristas from 30 more stores in 25 U.S. cities planned to join the strike Thursday, including stores in Cleveland; Memphis, Tennessee; Springfield, Missouri, and Albany, New York. That brings the total ...
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