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European Stocks Close Sharply Lower On U.S. Recession Fears
European stocks plunged sharply on Friday, sending several markets in the region to multi-month lows, amid concerns the weak U.S. data and the delay in interest rate cuts by the Fed could lead the world's largest economy into a recession.
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vor 158 Tagen
U.S. Factory Orders Plunge More Than Expected In June
New orders for U.S. manufactured goods saw a steep drop in the month of June, according to a report released by the Commerce Department on Friday. The report said factory orders plunged by 3.3 percent in June after falling by 0.5 percent in May. Economists had expected factory orders to tumble by 2.9 percent.
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vor 159 Tagen
U.S. Job Growth Falls Well Short Of Estimates In July, Unemployment Rate Rises
The Labor Department released a closely watched report on Friday showing employment in the U.S. increased by much less than expected in the month of July. The report said non-farm payroll employment climbed by 114,000 jobs in July after jumping by a downwardly revised 179,000 jobs in June. Economists had expected employment to rise by 175,000 jobs.
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vor 159 Tagen
RBC Bearings Q1 Adj. EPS Tops Estimates; Guides Q2 Revenues Below View
RBC Bearings Inc. (RBC) reported Friday that net income for the first quarter grew to $61.4 million or $1.90 per share from $50.0 million or $1.52 per share in the prior-year quarter.
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vor 159 Tagen
ExxonMobil Q2 Results Top Estimates
Oil major Exxon Mobil Corp. (XOM) reported Friday a net profit for the second quarter that increased from last year, reflecting record quarterly production from its low-cost-of-supply Permian and Guyana assets. Adjusted earnings per share and quarterly revenues topped analysts' expectations.
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vor 159 Tagen
U.S. Employment Increases Much Less Than Expected In July
The Labor Department released a closely watched report on Friday showing employment in the U.S. increased by much less than expected in the month of July.
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vor 159 Tagen
Bay Street Seen Opening On Weak Note; U.S. Jobs Data In Focus
Canadian shares look headed for a negative start Friday morning, tracking weak global markets amid concerns about global economic slowdown. The focus is on U.S. non-farm payroll data.
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vor 159 Tagen
more news
Church & Dwight Reaffirms FY24 Adj. EPS Outlook - Update
While reporting financial results for the second quarter on Friday, Church & Dwight Co., Inc. (CHD) maintained its adjusted earnings growth for the full-year 2024, while trimming annual net sales growth.
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vor 159 Tagen
Millicom International Swings To Profit In Q2
Millicom International Cellular S.A. (TIGO) reported Friday net profit for the second quarter of $78 million or $0.46 per share, compared to a net loss of $22 million or $0.13 per share in the prior-year quarter.
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vor 159 Tagen
Sensex, Nifty Decline Amid Global Selloff; Pharma Stocks Shine
Indian shares fell sharply on Friday amid a global sell-off as weak manufacturing data as well as mixed tech earnings sparked worries about a U.S. recession.
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vor 159 Tagen
European Shares Extend Losses On US Recession Worries
European stocks fell on Friday to extend losses from the previous session as risk-off mood prevailed amid fears that the U.S. Federal Reserve has left it too late to begin cutting interest rates and risks damaging the world's largest economy.
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vor 159 Tagen
FTSE 100 Falls On Economic Concerns
U.K. stocks drifted lower on Friday after weak data dented hopes of 'soft landing' for the world's largest economy.
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vor 159 Tagen
CAC 40 Drifts Lower Ahead Of US Jobs Data
French stocks were slightly lower on Friday as worries about a U.S. recession kept investors' risk appetite in check.
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vor 159 Tagen
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