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U.S. Durable Goods Orders Tumble Amid Sharp Pullback In Aircraft Demand
After reporting a spike in new orders for U.S. manufactured durable goods in the previous month, the Commerce Department released a report on Wednesday showing durable goods orders pulled back by much more than expected in the month of October. The sharp pullback in durable goods orders came as orders for transportation equipment plummeted.
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vor 565 Tagen
U.S. Weekly Jobless Claims Drop More Than Expected To 209,000
With the report coming a day earlier than usual due to the Thanksgiving Day holiday on Thursday, the Labor Department revealed on Wednesday that first-time claims for U.S. unemployment benefits fell by much more than expected in the week ended November 18th. The bigger than expected decline came after a week after jobless claims reached their highest level in almost three months.
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vor 565 Tagen
Allegiant Travel October Capacity Rises 13.3%
While reporting preliminary passenger traffic results for October 2023 on Wednesday, integrated travel company Allegiant Travel Co. (ALGT) said it carried 1.44 million passengers in October 2023, up 12.8 percent from 1.28 million passengers in October 2022.
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vor 565 Tagen
MACOM Technology Announces Passing Of Chairman John Ocampo
Semiconductor company MACOM Technology Solutions Holdings, Inc. (MTSI) announced Wednesday the passing of John Ocampo, Chairman of the Board of Directors.
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vor 565 Tagen
Procaps Group Appoints Jose Antonio Vieira To Succeed Ruben Minski As CEO
Healthcare company Procaps Group, S.A. (PROC) announced Wednesday a strategic leadership transition as Ruben Minski, founder and Chief Executive Officer of Procaps prepares to transition from the role of CEO to focus exclusively on his role as Executive Chairman of the Board.
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vor 565 Tagen
U.S. Weekly Jobless Claims Drop To 209,000
First-time claims for U.S. unemployment benefits fell by more than expected in the week ended November 18th, the Labor Department revealed in a report released on Wednesday. The report said initial jobless claims fell to 209,000 from the previous week's revised level of 233,000. Economists had expected jobless claims to dip to 225,000 from the 231,000 originally reported for the previous week.
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vor 565 Tagen
U.S. Durable Goods Orders Plunge Much More Than Expected In October
A report released by the Commerce Department on Wednesday showed new orders for U.S. manufactured durable goods pulled back by much more than expected in the month of October.
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vor 565 Tagen
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U.S. Dollar Advances Following Hawkish Fed Minutes
The U.S. dollar climbed against its most major counterparts in the European session on Wednesday, as minutes from the Federal Reserve's recent meeting failed to give any signals on potential cuts.
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vor 565 Tagen
Entrada Therapeutics Says FDA Declines To Lift Clinical Hold On ENTR-601-44 IND Application
Biopharmaceutical company Entrada Therapeutics, Inc. (TRDA) announced Wednesday the completion of dosing for the first and second cohorts of its Phase 1 clinical trial, ENTR-601-44-101.
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vor 565 Tagen
Weak Oil Prices May Weigh On Canadian Market
The Canadian market is likely to open with a negative bias on Wednesday as energy stocks may see a sell-off due to falling oil prices. Materials shares are likely to ease on lower copper prices.
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vor 565 Tagen
1&1 AG To Launch Smartphone Tariffs In Own Mobile Network On Dec. 8
German telecom firm 1&1 AG announced the launch of smartphone tariffs in its own mobile network on December 8. The company said mobile services are now activated. It had launched Europe's first mobile network based on innovative Open RAN technology with "5G at home" a year ago. In a statement, 1&1 said its 5G network can also be used with smartphones from December 8.
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vor 565 Tagen
Japan Govt. Downgrades Economic View
Japan's government downgraded its economic assessment for the first time since January citing the weakness in business investment. "The Japanese economy is recovering at a moderate pace, although it recently appears to be pausing in part," the Cabinet Office said in a report.
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vor 565 Tagen
Deere & Co. Initiates FY24 Net Income Outlook As Q4 Results Top Estimates
While reporting financial results for the fourth quarter on Wednesday, Deere & Co. (DE) initiated its guidance for net income attributable to the company for the full-year 2024 in a range of $7.75 billion to $8.25 billion.
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vor 565 Tagen
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