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U.S. Factory Orders Inch Up In Line With Estimates In December
New orders for U.S. manufactured goods rose in line with estimates in the month of December, according to a report released by the Commerce Department on Friday. The report said factory orders crept up by 0.2 percent in December after surging by 2.6 percent in November. The uptick in orders matched economist estimates.
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U.S. Job Growth Far Exceeds Economist Estimates In January
Signaling continued strength in the labor market, the Labor Department released a closely watched report on Friday showing employment in the U.S. soared by much more than expected in the month of January. The Labor Department said non-farm payroll employment spiked by 353,000 jobs in January compared to economist estimates for an increase of about 180,000 jobs.
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U.S. Employment Surges Much More Than Expected In January
The Labor Department released a closely watched report on Friday showing employment in the U.S. surged by much more than expected in the month of January.
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Imperial Oil Q4 Profit Declines, But Tops Estimates; Declares Dividend
Imperial Oil Ltd. (IMO, IMO.TO) reported on Friday that fourth-quarter net income declined to C$1.37 billion or C$2.47 per share from C$1.73 billion or C$2.86 per share in the prior-year quarter.
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Dollar Climbs Following U.S. Jobs Data
At 8:30 am ET Friday, the Labor Department has released U.S. nonfarm payrolls data for January. After the data, the greenback appreciated against its major counterparts.
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Dollar Mixed Ahead Of U.S. Jobs Data
At 8:30 am ET Friday, the Labor Department will release U.S. nonfarm payrolls data for January. Ahead of the data, the greenback traded mixed against its major counterparts. While it recovered against the euro, it held steady against the rest of major counterparts.
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ExxonMobil Q4 Adj. EPS Tops Estimates, But Revenues Miss
Oil major Exxon Mobil reported Friday a profit for the fourth quarter that plunged 40 percent from last year, reflecting lower natural gas and crude oil realizations as well as weaker industry refining margins. Adjusted earnings per share topped analysts' expectations, while quarterly revenues missed it.
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Bay Street Eyes U.S. Data; Technology Stocks Likely To Rise On Strong U.S. Tech Earnings
Key U.S. economic data, including non-farm payrolls employment, factory orders, and the University of Michigan's report on consumer confidence, are set to determine the trend on Wall Street and Bay Street in early trades on Friday.
Technology stocks are likely to fare reasonably well thanks to strong results from Meta Platforms, Amazon Inc., and Apple Inc.
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Bristol-Myers Squibb Guides FY24 Adj. EPS Above Estimates As Q4 Results Top Estimates - Update
While reporting financial results for the fourth quarter on Friday, biopharmaceutical company Bristol-Myers Squibb Co. (BMY) initiated its adjusted earnings and revenue growth guidance for the full-year 2024.
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Regeneron Pharma Q4 Results Top Estimates - Update
Regeneron Pharmaceuticals, Inc. (REGN) reported on Friday that net income for the fourth quarter declined 3 percent to $1.16 billion or $10.19 per share from $1.20 billion or $10.50 per share in the prior-year quarter.
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Amazon Unveils Rufus AI Shopping Assistant
Amazon announced the launch of Rufus, a new generative AI-powered conversational shopping assistant, aiming to help customers make more informed purchase decisions.
Rufus has been launched in beta to a small subset of customers in Amazon's mobile app. It will progressively roll out to additional U.S. customers in the coming weeks. The new shopping assistant is trained on Amazon's product catalo
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Sensex, Nifty Advance Led By PSUs
Indian shares rose notably on Friday as signs of a cooling U.S. economy pressured bond yields and bolstered expectations of potential rate cuts by the Federal Reserve.
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European Shares Inch Higher Ahead Of US Jobs Data
European stocks were seeing modest gains in cautious trade on Friday, a day after the Bank of England signaled that it will likely lower borrowing costs this year for the first time since 2020.
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