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US stocks struggle for direction as investors evaluate tech trade
Financial markets experience shifts as key tech and retail companies show varied performance. Wall Street awaits crucial inflation data. Analysts predict possible sector rotation based on earnings and inflation trends.
US stocks close slightly lower; jobs data strong but rates still high
Wall Street stocks ended slightly lower on Friday after strong U.S. jobs data raised concerns about the Federal Reserve's stance on interest rates. The Labor Department reported 272,000 jobs in May, exceeding expectations, with a 4% unemployment rate.
S&P hits new 52-week high; Dow, Nasdaq set for weekly gains after mixed data
The Labor Department's closely watched Nonfarm Payrolls report showed the economy added 272,000 jobs in May, far more than expected, while average hourly earnings beat expectations. That sent stocks lower initially, as traders slashed bets on a September rate reduction. However, indexes pared losses after other data pointed to underlying economic weakness.
Red Hot Chili Peppers cancels tour after band member injury. Details here
The band, originally set as the headlining act for the annual concert, which also features performances from The Offspring, Garbage, Portugal, The Man, Bleachers, Cannons, LoveJoy, Bakar, and The Beaches, is now offering refunds for the KROQ Almost Acoustic Christmas show through Ticketmaster for a 48-hour window.
US Open 2023 round 1: Check tee times, groupings and more
The US Open, one of the three major golf tournaments of the year, will showcase renowned players at LACC.
BTR Boys are back! Check net worth of members
BTR boys Kendall Schmidt, James Maslow, Logan Henderson, and Carlos PenaVega are ready to hit the road with a summer tour. They have already rolled out an album.
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Earth Day 2023: Everything to know about the environmental holiday
This year's Earth Day falls on April 22.
Financial crisis redux? Goldman Sachs likely to start cutting hundreds of jobs this month. Here's why
Wall Street biggie Goldman Sachs will start cutting thousands of jobs this month, a source told Reuters. In July this year, the investment bank reported a plunge of 48% in quarterly profit.
Goldman Sachs set to cut jobs this month: Source
The Wall Street giant typically trims about 1% to 5% of its staff each year, and the 2022 cuts will likely be in the lower end of that range, the source told Reuters. The staff reductions may begin as early as next week, the person said. The New York Times earlier reported on the upcoming layoffs, citing two people familiar with the plans.
Jeff Carson, country music singer, dies at the age of 58
The 58-year-old Country music singer died of a heart attack. He gave up singing to join the police force and took his last breath at a Franklin, Tennessee, hospital.
Chinese education tycoon loses $15 billion as company shares plunge 98%
China’s harshest-ever curbs on its $100 billion private-tutoring and online education sector have hit investors from Tiger Global Management to Temasek Holdings Pte, with platforms losing the ability to go public, depriving their backers of exits, and foreign capital being banned from the sector.
Dollar is dropping to multi-year lows against peers, one by one
With optimism over U.S. stimulus talks, bets on a successful roll-out of vaccines and China’s economic rebound driving bets for global growth, demand for the world’s reserve currency has fallen.
BR Shetty: What's in a name? Banks count cost of loans in NMC collapse
BR Shetty's NMC imploded this year on allegations of fraud & disclosure of more than $4 bn in hidden debts.
Jet-setting billionaire Bavaguthu Raghuram Shetty had it all. Then Carson Block came along
Shetty founded NMC in 1975 after moving to Abu Dhabi from his native India. He created Finablr two years ago to consolidate his financial brands before listing it on the London Stock Exchange in 2019.
Yen surge, algos set off `flash-crash' moves in currency market
The yen jumped almost 8% against the Australian dollar to its strongest since 2009.
WRAPUP 1-Tennis-Argentina struggle, Croatia's Skugor takes big scalp
TENNIS-DAVIS/ (WRAPUP 1, PIX, TV):WRAPUP 1-Tennis-Argentina struggle, Croatia's Skugor takes big scalp
U.S. players eager for fresh start under Arena
SOCCER-USA-ARENA:U.S. players eager for fresh start under Arena
Soccer-U.S. players eager for fresh start under Arena
SOCCER-USA/ARENA:Soccer-U.S. players eager for fresh start under Arena
Vice President-elect Mike Pence to head Donald Trump transition team
Trump, who won the general elections on November 8, would be sworn in as the 45th president of the United States on January 20, 2017, replacing Barack Obama, whose tenure ends that day.
Reuters Sports News Summary
SPORTS:Reuters Sports News Summary
Reuters Sports News Summary
SPORTS:Reuters Sports News Summary
HIGHLIGHTS-Tennis-Day two at the U.S. Open
TENNIS-OPEN/HIGHLIGHTS (PIX):HIGHLIGHTS-Tennis-Day two at the U.S. Open
Ted Cruz differs with Donald Trump's idea of banning Muslim immigrants
Ted Cruz cited the example of India and said millions of Muslims live in peace there without any such problem.
There is excitement that this is India's moment: Larry Summers
I think it is not possible in an institution beyond a certain size to impose one's personal will by power of personality on the institution.
Who has the best chance of becoming the next US president
With less than 500 days until the 2016 election, it’s time to take a look at who has the best chance of making it to the White House after President Barack Obama.
Airbnb is worth $25.5 billion after raising a massive $1.5 billion round
Home-rental site Airbnb just landed a sky-high valuation at $25.5 billion, after finalizing a $1.5 billion funding round.
Minding your manners still pays
Nine decades after the publication of Etiquette: In Society, six Posts from the fourth and fifth generations are working to keep the family brand relevant.
Six arguments for a shorter workweek
"When you have a compressed workweek, you tend to focus on what's important."
Mark Zuckerberg to donate $500 million to Silicon Valley Community Foundation
The Silicon Valley Community Foundation provides grants for local needs and brings together “diverse groups of problemsolvers” to address them.
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