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U.S. Dollar Down Amid Disappointing Economic Data
The U.S. dollar fell against its most major counterparts in the New York session on Thursday, as the economy grew slightly less than previously estimated in the fourth quarter and weekly jobless claims increased moderately last week, supporting expectations that the Federal Reserve may pause interest rate hikes at the meeting in May.
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Canadian Market Modestly Higher At Noon
The Canadian market is modestly higher around noon on Thursday, extending gains to a fifth straight session, as worries about global banking crisis continue to ease.
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U.S. Weekly Jobless Claims Rise Slightly More Than Expected
The Labor Department released a report on Thursday showing a modest increase in first-time claims for U.S. unemployment benefits in the week ended March 25th. The report said initial jobless claims rose to 198,000, an increase of 7,000 from the previous week's unrevised level of 191,000. Economists had expected jobless claims to inch up to 196,000.
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German Inflation Eases Markedly In March
Germany's consumer price inflation eased markedly in March as the sharp increase in energy prices seen over the same period last year dropped out of the annual comparison, flash estimate from Destatis showed Thursday. Consumer prices increased 7.4 percent year-on-year in March but this was notably weaker than the 8.7 percent increase registered in February.
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Eurozone Economic Sentiment Weakens In March
Eurozone economic sentiment weakened slightly in March due to lower confidence in industry, retail trade and construction, survey results from the European Commission showed on Thursday. The economic confidence index unexpectedly fell to 99.3 in March from 99.6 in February. The score was forecast to rise to 99.8.
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U.S. Economic Growth Downwardly Revised To 2.6% In Q4
The U.S. economy grew by slightly less than previously estimated in the fourth quarter of 2022, according to revised data released by the Commerce Department on Thursday. The report said real gross domestic product shot up by 2.6 percent in the fourth quarter compared to the previously reported 2.7 percent jump. Economists had expected the pace of growth to be unrevised.
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U.S. GDP Grows Slightly Less Than Previously Estimated In Q4
The U.S. economy grew by slightly less than previously estimated in the fourth quarter of 2022, according to revised data released by the Commerce Department on Thursday.
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U.S. Weekly Jobless Claims Rise To 198,000
The Labor Department released a report on Thursday showing a modest increase in first-time claims for U.S. unemployment benefits in the week ended March 25th.
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U.S. Dollar Little Changed After GDP Data
U.S. final GDP data for the fourth quarter and weekly jobless claims for the week ended March 25 have been released at 8:30 am ET Thursday. After the data, the greenback changed little against its major counterparts.
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U.S. Dollar Falls Vs Most Majors Ahead Of GDP Data
U.S. final GDP data for the fourth quarter and weekly jobless claims for the week ended March 25 are due at 8:30 am ET Thursday. Ahead of the data, the greenback traded mixed against its major counterparts. While the greenback held steady versus the yen, it fell against the rest of major rivals.
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Elon Musk, Tech Experts Ask For Pause On Powerful AI Development
Tesla and SpaceX chief executive Elon Musk has joined a group of tech experts including Apple co-founder Steve Wozniak to urge the world to initiate a temporary pause in the development of giant artificial intelligence or AI experiments citing risks to society and civilization. The open letter, issued by the Future of Life Institute and signed by more than 1,300 people, including Musk, ...
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Bay Street Set For Another Firm Start
Canadian shares are set to open on a positive note on Thursday, extending recent gains, thanks to firm commodity prices, and positive European markets amid easing worries about a global banking crisis.
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GSK, SCYNEXIS Ink Exclusive Licence Agreement For Brexafemme
GSK plc (GSK, GSK.L) and SCYNEXIS, Inc. (SCYX) announced Thursday they have entered into an exclusive licence agreement for Brexafemme (ibrexafungerp tablets), a US FDA approved, first-in-class antifungal for the treatment of vulvovaginal candidiasis (VVC) and for reduction in the incidence of recurrent VVC (RVVC).
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