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Nvidia relief won’t be enough to dispel tech-bubble angst

By Dhara Ranasinghe LONDON (Reuters) -Markets may have weathered a key Nvidia earnings test but the ability of big tech to move sentiment across markets on a dime will continue to preoccupy investors as lofty valuations persist. AI darling Nvidia on Wednesday surprised Wall Street ...
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U.S. employers added surprisingly solid 119,000 jobs in September, government says in delayed report

WASHINGTON (AP) - 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% in September, highest since October 2021 ...
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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 119,000 jobs after a downwardly ...
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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 benefits for the week ending ...
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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 $1.004 billion with approximately 7.55 ...
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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 seasonally adjusted 220,000 for the ...
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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 researcher concluded in a new ...
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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, the Labor Department said Thursday. The ...
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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 the letter, which was seen ...
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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 projections, the nation's largest retailer ...
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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 Prada Group confirmed Thursday. Bertelli, 37, ...
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