By Shristi Achar A and Noel Randewich (Reuters) – The S&P 500 ended higher on Friday after a jump in unemployment cemented expectations of a pause in interest rate hikes this month, while sh[...]
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September 1, 2023
Exclusive-Arm signs up big tech firms for IPO at $50 billion-$55 billion valuation -sources
By Echo Wang NEW YORK (Reuters) -Customers of Arm Holdings Ltd including Apple Inc, Nvidia Corp, Alphabet Inc and Advanced Micro Devices Inc have agreed to invest in the chip designer’s initial[...]
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US unemployment rate spikes to 3.8%; labor market still has momentum
By Lucia Mutikani WASHINGTON (Reuters) – U.S. job growth picked up in August, but the unemployment rate jumped to 3.8% and wage gains moderated, suggesting that labor market conditions were easi[...]
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Blackstone and Airbnb set to join S&P 500; shares climb
(Reuters) – Shares of Blackstone and Airbnb rallied in extended trade on Friday after S&P Dow Jones Indices said the two companies would join the S&P 500 index. Blackstone was up 4.1%, w[...]
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Arm set to target IPO valuation of $50 billion-$55 billion-sources
By Echo Wang NEW YORK (Reuters) – Arm Holdings Ltd is targeting a valuation between $50 billion to $55 billion for its much-awaited initial public offering (IPO), ahead of its roadshow with inve[...]
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Jobless rate for Black Americans drops as others rise
By Amina Niasse NEW YORK (Reuters) – Black Americans were the only U.S. racial or ethnic group to see a drop in their jobless rate in August, helping drive the gap between the rates for Black pe[...]
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Disney, Charter rates dispute spills over to TVs as ESPN, ABC go dark
(Reuters) -Walt Disney and Charter Communications traded salvos over their unresolved distribution agreement after several channels including ESPN went dark on Thursday for customers of Charter’[...]
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US labor board to probe if GM, Stellantis failed to bargain in good faith
By David Shepardson WASHINGTON (Reuters) -The U.S. National Labor Relations Board (NLRB) said Friday it will investigate unfair labor practice charges filed by the United Auto Workers union against Ge[...]
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From ‘jorts’ to clear backpacks, US back-to-school spending to hit record high this year
By Kailyn Rhone (Reuters) – See-through backpacks and jean shorts are among the popular last-minute purchases ahead of the new school year, several retailers said, as heat waves sweep the U.S. a[...]
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