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Dollar Rises After Upbeat Jobs Data
The U.S. dollar climbed higher in the New York session on Friday after data showing a stronger than expected growth in non-farm payroll employment dashed hopes of early interest rate cuts by the Federal Reserve.
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U.S. Consumer Credit Climbs Less Than Expected In February
A report released by the Federal Reserve on Friday showed consumer credit in the U.S. increased by less than expected in the month of February. The Fed said consumer credit rose by $14.1 billion in February after climbing by a downwardly revised $17.7 billion in January.
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Swiss Market Ends Notably Lower
Swiss stocks reeled under sustained selling pressure on Friday, in line with major markets across Europe, as rising geopolitical tensions and uncertainty about the outlook for Fed interest rate weighed on sentiment.
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European Stocks Close Lower On Geopolitical Tensions, Interest Rate Uncertainty
European stocks closed lower on Friday, weighed down by persisting tensions in the Middle East, and continued uncertainty about Fed interest rates after hawkish comments from some Fed officials and data showing stronger than expected growth in U.S. non-farm payroll employment in the month of March.
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U.S. Dollar Advances As June Rate Cut Hopes Fade After Strong Jobs Data
The U.S. dollar moved higher against its major counterparts in the New York session on Friday, as strong-than-expected jobs data for March dampened hopes of imminent interest rate cuts by the Federal Reserve.
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Canadian Market Up Firmly In Positive Territory After Jobs Data
The Canadian market is up firmly in positive territory around late morning on Friday, led by gains in materials, technology and consumer sector stocks. Data showing a drop in Canadian employment and a rise in the unemployment rate has eased concerns about the outlook for interest rates.
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CPSC Recalls: Walmart Choppers, Child Bike Seats, Bed Rails, Children's Pajamas
The U.S. Consumer Product Safety Commission or CPSC has announced recalls including Walmart's electric mini choppers, children's pajamas, child bike seats, bed rails, as well as baby nests and crib bumpers citing various reasons. Walmart's Mainstays electric mini choppers were called back due to laceration hazard, and Thule's RideAlong rear-mounted child bike seats were recalled due to chemical i
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U.S. Employment Surges By 303,000 Jobs In March, Much More Than Expected
A closely watched report released by the Labor Department on Friday showed employment in the U.S. shot up by much more than expected in the month of March. The Labor Department said non-farm payroll employment spiked by 303,000 jobs in March after surging by a downwardly revised 270,000 jobs in February. Economists had expected employment to jump by 200,000 jobs.
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Arch Insurance To Buy Allianz Global's U.S. MidCorp And Entertainment Insurance Businesses
Arch Insurance North America, part of Arch Capital Group Ltd. (ACGL), announced Friday it has entered into a master transaction agreement to acquire the U.S. MidCorp and Entertainment insurance businesses, including select specialty insurance programs, from Allianz Global Corporate & Specialty SE (AGCS) for a $450 million cash consideration to Allianz.
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Viking Holdings Publicly Files Registration Statement For Proposed IPO
Viking Holdings Ltd. announced Friday that it has publicly filed a registration statement on Form F-1 with the U.S. Securities and Exchange Commission relating to a proposed initial public offering of its ordinary shares.
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Protara Reaches Alignment With FDA On A Registrational Path Forward For IV Choline Chloride
Protara Therapeutics, Inc. (TARA) announced Friday that it has reached alignment with the U.S. Food and Drug Administration (FDA) on a registrational path forward for intravenous (IV) Choline Chloride, an investigational phospholipid substrate replacement.
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Greenbrier Q2 Results Top Estimates; Boosts FY24 Revenue Outlook
The Greenbrier Cos., Inc. (GBX) reported Friday second-quarter net earnings attributable to the company of $33.4 million or $1.03 per share, up from $33.1 million or $0.97 per share in the prior-year quarter.
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U.S. Employment Surges Much More Than Expected In March
A closely watched report released by the Labor Department on Friday showed employment in the U.S. shot up by much more than expected in the month of March.
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