WASHINGTON (Reuters) – U.S. private payrolls rose far less than expected in January, data showed on Wednesday, though the pace likely overstates the slowing labor market momentum. Private payrol[...]
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January 31, 2024
Factbox-US financial giants shedding jobs in 2024
(Reuters) – A handful of U.S. financial industry heavyweights are cutting jobs to sharpen focus on their core businesses and put themselves on an even keel, after pursuing aggressive growth duri[...]
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Teva to divest active pharmaceutical ingredient business
(Reuters) -Teva Pharmaceutical Industries will divest its active pharmaceutical ingredient (API) unit to focus on its core business, the world’s largest generic drugs maker said on Wednesday. Th[...]
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Walmart and Adidas cargo aboard, one ship’s voyage to avoid the Red Sea
By Richa Naidu LONDON (Reuters) – When the Maersk Tanjong set sail from Thailand on Dec. 2, headed towards the Suez Canal to reach the U.S. East Coast, it was carrying cargo for retailers and cl[...]
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Novo Nordisk expects double-digit growth as it boosts Wegovy supplies
By Jacob Gronholt-Pedersen and Maggie Fick COPENHAGEN/LONDON (Reuters) -Novo Nordisk on Wednesday forecast another year of double-digit growth as the Danish drugmaker began boosting U.S. supplies of i[...]
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Fed Chair Powell faces tough communications task on rate cuts ahead
By Ann Saphir (Reuters) – Federal Reserve Chair Jerome Powell has a tough task on Wednesday as he wraps up the U.S. central bank’s first policy meeting of 2024: signaling an end to interes[...]
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Apple set for modest iPhone sales growth, China worries remain
By Yuvraj Malik (Reuters) – Apple iPhone sales likely rose 3% in the key holiday period, the best growth in five quarters, but analysts expect a tough year for the company in China, where it fac[...]
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Marketmind: Megacaps stumble at high bar as Fed decision awaited
A look at the day ahead in U.S. and global markets from Mike Dolan It’s a measure of the high bar of expectations now set for the expensive megacap U.S. stocks that even relatively positive earn[...]
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Well-stocked US fuel markets shrug off January’s arctic blast
By Shariq Khan NEW YORK (Reuters) – A bitter January cold snap that knocked out 15% of Gulf Coast refining capacity had little effect on fuel prices, with two months of rising stockpiles helping[...]
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