Peloton Interactive To Exit All Owned-manufacturing Operations; Expanding Rexon Partnership

Peloton To Slash Another 500 Jobs: Reports

Fitness equipment maker Peloton Interactive, Inc. (PTON) is reportedly planning to cut about 500 jobs or 12 percent of its remaining workforce. This will be the company's fourth round of layoffs this year as it struggles to return to profit.

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U.S. Jobless Claims Unexpectedly Rise To Nearly Eight-Month High

With the more closely watched monthly jobs report looming, the Labor Department released a report on Thursday showing first-time claims for U.S. unemployment benefits unexpectedly increased in the week ended May 31st. The report said initial jobless claims climbed to 247,000, an increase of 8,000 from the previous week's revised level of 239,000.

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German Manufacturing Orders Rise Unexpectedly

German manufacturing orders increased in April confounding fears that higher tariffs by the US administration would hit the factory sector, official data revealed Thursday. Factory orders rose 0.6 percent month-on-month in April, following a revised 3.4 percent rise in March, Destatis said. This was the second consecutive month of growth. Orders were expected to fall 1.0 percent.

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U.S. Labor Productivity Slumps Much More Than Previously Estimated In Q1

Revised data released by the Labor Department on Thursday showed U.S. labor productivity tumbled by much more than previously estimated in the first quarter of 2025.

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U.S. Trade Deficit Narrows Much More Than Expected In April

Largely reflecting a sharp pullback by the value of the imports, the Commerce Department released a report on Thursday showing a substantial decrease in the size of the U.S. trade deficit in the month of April.

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U.S. Weekly Jobless Claims Unexpectedly Rise To 247,000

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Bay Street Likely To Open On Cautious Note; Resources Stocks May Move Up

The Canadian market is likely to open on a cautious note on Thursday with investors looking for news from the trade front. Canadian and U.S. jobs data, due on Friday may provide some clues about the outlook for growth. Higher commodity prices may prompt investors to pick up resources stocks.

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FTSE 100 Up Marginally; Earnings, Economic Data In Focus

The UK stock market is up marginally about half an hour past noon on Thursday as investors react to some earnings data, and reports on inflation and construction activity.

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EURUSD	1.14905	GBPUSD	1.36095	AUDUSD	0.65371
USDJPY	142.94	USDCAD	1.36351	USDCHF	0.81744

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Peloton Interactive To Exit All Owned-manufacturing Operations; Expanding Rexon Partnership