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Thursday, May 9
by
SRN News
Dow closes up to make it seven in a row, as jobs data boosts rate-cut hopes
By David French (Reuters) -The Dow Jones Industrial Average closed higher on Thursday, the seventh straight daily advance for the benchmark, as all three major U.S. indexes gained after weekly jobless claims data offered fresh hope for interest-rate cuts. U.S. Federal Reserve policy has been the ...
Thursday, May 9
by
SRN News
Dow ends higher to make it seven in a row, as jobs data boosts rate-cut hopes
(Reuters) – The Dow Jones Industrial Average ended up on Thursday, the seventh straight daily advance for the benchmark, as all three major U.S. indexes gained after weekly jobless claims data offered fresh hope for interest-rate cuts. U.S. Federal Reserve policy has been the main ...
Tuesday, May 7
by
SRN News
CICC, Citic, JPMorgan cut investment banking jobs in China as deals stall
HONG KONG (Reuters) -Two Chinese companies and JPMorgan have become the latest banking groups to cut jobs in China as a slow recovery in listing and dealmaking activities force them to ramp up cost controls, six sources with knowledge of the matter said. Beijing-based ...
Tuesday, May 7
by
SRN News
Tylenol maker Kenvue to cut 4% jobs, beats quarterly profit estimates
(Reuters) -Kenvue will cut 4% of its global workforce amid investments to grow its key brands, the Tylenol and Band-Aid maker said on Tuesday, as it topped beat Wall Street estimates for first-quarter profit. Since its spinoff from Johnson & Johnson last year, Kenvue has ...
Tuesday, May 7
by
SRN News
Tylenol maker Kenvue beats quarterly profit estimates, to cut 4% jobs
(Reuters) – Kenvue beat Wall Street estimates for first-quarter profit on Tuesday, and said it would cut 4% of its global workforce amid the Tylenol and Band-Aid maker’s efforts to expand its key brands. Since its spinoff from Johnson & Johnson ...
Monday, May 6
by
SRN News
Stock market today: Asian shares track Wall St’s advance fueled by cooler jobs data
Asian shares were mostly higher on Monday after Wall Street ended last week with the stock market’s best day in over two months in a rally backed by the cooler-than-expected U.S. employment data. U.S. futures edged higher and oil prices rose. The Japanese yen weakened ...
Sunday, May 5
by
SRN News
Dollar steady after soft US jobs report; yen starts week on back foot
By Ankur Banerjee SINGAPORE (Reuters) – The dollar was broadly steady on Monday as a soft U.S. jobs report boosted wagers that the Federal Reserve may still cut rates twice this year, while the yen was a tad weaker to start ...
Saturday, May 4
by
ABC News
April jobs report misses expectations, signaling a possible slowdown
(NEW YORK) -- A worse-than-expected jobs report on Friday offered the latest evidence of an economic slowdown that could help ease inflation and trigger interest rate cuts. The trend, however, threatens to downshift the nation’s brisk economic growth.Employers hired 175,000 workers last month, falling ...
Friday, May 3
by
SRN News
Weaker US jobs data soothes Fed worries of renewed overheating
By Howard Schneider and Lindsay Dunsmuir (Reuters) – Federal Reserve officials, buffeted by concerns the economy might again overheat, got relief on Friday when jobs data for April showed a marked cooling in wage growth and a pace of hiring in ...
Friday, May 3
by
SRN News
Weaker US jobs data brings some relief to Fed
By Howard Schneider and Lindsay Dunsmuir (Reuters) – Federal Reserve officials, buffeted in recent months by concerns the economy might again overheat, got relief on Friday when jobs data for April showed a marked cooling in wage growth and a pace ...
Friday, May 3
by
SRN News
April US jobs report shows looser labor market, good news for Fed
(Reuters) – U.S. job growth slowed more than expected in April and annual wage gains cooled, signs of a looser labor market which are good news for markets and the Federal Reserve that will likely require more such signals before ...
Friday, May 3
by
SRN News
Futures extend gains after April jobs data
(Reuters) – U.S. stock index futures extended gains on Friday as fresh evidence of easing labor market conditions boosted hopes that the Federal Reserve could cut interest rates sometime this year. A Labor Department report showed nonfarm payrolls increased by 175,000 ...
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