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Eurozone Inflation Slows To 15-Month Low; Lagarde Signals More Hikes
Confirming the downward trend, Eurozone inflation eased sharply to a 15-month low in May and core inflation slowed for the second month, but the European Central Bank President Christine Lagarde said more monetary policy tightening is needed. Inflation eased to 6.1 percent in May from 7.0 percent in April, flash data from Eurostat showed on Thursday. The rate was forecast to slow to 6.3 percent.
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722天前
U.S. Private Sector Job Growth Far Exceeds Estimates In May
Private sector employment in the U.S. jumped by much more than expected in the month of May, according to a report released by payroll processor ADP on Thursday. The report said private sector employment shot up by 278,000 jobs in May after surging by a revised 291,000 jobs in April.
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723天前
U.S. Weekly Jobless Claims Inch Up Slightly Less Than Expected
With the more closely watched monthly jobs report looming, the Labor Department released a report on Thursday showing a slight increase in first-time claims for U.S. unemployment benefits in the week ended May 27th.
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723天前
Hyundai Motor America May Total Sales Up 18%
Hyundai Motor America reported Thursday that it sold a total of 70,001 units in the month of May, up 18 percent from last year's 59,432 units, driven by new May retail and total sales records for Elantra HEV, Elantra N, IONIQ 5, Santa Fe HEV, Tucson HEV, Tucson PHEV and Santa Cruz.
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723天前
Macy's, Dollar General Q1 Profits Decline
Retailers Macy's, Inc. (M) and Dollar General Corp. (DG) reported on Thursday that net profits for the first quarter declined from last year, with Macy's topping estimates, while Dollar General missed it. Net sales at both retailers missed expectations. Both Macy's and Dollar General also slashed their guidance for the full-year 2023.
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723天前
Eurozone Factory Activity Shrinks On Falling Production, Orders
Euro area manufacturing activity contracted for the second straight month in May on falling production and new orders but firms continued to take additional staff, the purchasing managers' survey results showed. Despite the deteriorating economic conditions, Eurostat data showed that the unemployment rate in the currency-bloc fell to a record low in April.
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723天前
FDA Warns Retailers Against Illegal Sales Of Disposable E-cigarettes
The U.S. Food and Drug Administration has warned certain retailers against unauthorized sales of popular disposable e-cigarettes, mainly various types of Puff and Hyde brand e-cigarettes. Under the retailer inspection blitz, warning letters have been issued to 30 retailers, including one distributor, for illegally selling such products. All products cited in the warning letters are disposable
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723天前
more news
UK Manufacturing Downturn Deepens In May
The British manufacturing downturn worsened in May, as output, new orders and employment all fell at faster rates amid headwinds of weak domestic and foreign market conditions and client de-stocking, survey results from S&P Global revealed Thursday.
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723天前
U.S. Weekly Jobless Claims Inch Up To 232,000
With the more closely watched monthly jobs report looming, the Labor Department released a report on Thursday showing a slight increase in first-time claims for U.S. unemployment benefits in the week ended May 27th.
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723天前
U.S. Private Sector Employment Jumps Much More Than Expected In May
Private sector employment in the U.S. jumped by much more than expected in the month of May, according to a report released by payroll processor ADP on Thursday.
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723天前
Bay Street Seen Opening Higher
Canadian shares are likely to open on positive note on Thursday, tracking European markets and on easing fears of a U.S. debt default, and encouraging data on Chinese factory activity.
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723天前
UK House Prices Fall Most Since 2009; Mortgage Approvals Decline
UK house prices declined the most since 2009 in May, and mortgage approvals and lending dropped in April, indicating deterioration in the housing market activity amid the rising interest rates. The house price index slid 3.4 percent from a year ago, marking the biggest fall since 2009, the Nationwide Building Society reported Thursday. The drop followed a 2.7 percent decrease in April.
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723天前
Yen Drops On Easing Debt Default, Fed Rate Hike Worries
The yen slipped against its major counterparts in the European session on Thursday, as approval of the U.S. debt ceiling deal by the House of Representatives and comments from Fed officials indicating a pause in interest rate hikes lifted risk sentiment.
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723天前
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