Tag: United States
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US job growth slows sharply in September; unemployment rate rises to 4.2%
WASHINGTON: US job growth slowed more than expected in September and the nonfarm payrolls count for the prior two months was revised sharply lower, almost taking another interest rate hike from the Federal Reserve this month off the table.The Labor Department’s closely watched employment report on Friday (Oct
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This hyperscaler made Goldman Sachs’ list of top picks for October
The firm added five new names to its favorite stocks list as the new month got underway.
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G7 talks as US pressures Europe over diesel stocks
PARIS: G7 leaders were holding talks on Friday (Oct 2) to coordinate action on fuel prices, after the United States upped pressure on Europe to release its strategic reserves, threatening a diesel export ban.The US war with Iran has sent energy prices skyrocketing, coming back to bite President Donald Trump a
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Ford fends off Hyundai to retain No. 3 U.S. sales position in third quarter
Ford on Friday reported a year-over-year sales decline of 6.6% during the third quarter to 507,395 light-duty vehicles.
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Labor market faltered in September as jobs increased by just 29,000, unemployment rate rose to 4.2%
Nonfarm payrolls were expected to increase by 84,000 in September while the unemployment rate held at 4.1%.
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US arrests man over alleged smuggling of US$300 million worth of computer servers to China
Greg Lui operated a technology company called Earthmade Computer, which he used to buy and send items to China without the licences required by the US Department of Commerce from 2023 to 2024, said the Department of Justice.
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The jobs report, Nike’s China conundrum, Burger King’s franchise bet and more in Morning Squawk
Here are five key things investors need to know to start the trading day.
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Trump wants South Korea in on Alaska LNG. Here’s why Seoul is cautious
South Korea remains cautious on Alaska LNG amid concerns over its high costs and commercial risks.
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Burger King is betting on local franchisees to fuel its U.S. comeback
Burger King is refranchising hundreds of its company-owned restaurants as part of its turnaround, while prioritizing local operators.
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Oil prices fall over 3% on report of potential diesel, crude stock release; Brent back below $100
It comes after Reuters reported that EU nations were discussing a proposal to release diesel reserves following pressure from the Trump administration.
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