The US labor market added far fewer jobs than expected in October as weather disruptions and worker strikes weighed on the labor market. Data from the Bureau of Labor Statistics released Friday showed the labor market added 12,000 payrolls in October, less additions than the 100,000 expected by economists. Meanwhile, the unemployment rate held steady at 4.1%. …
Exxon Mobil Corp. (XOM) and Chevron Corp. (CVX) beat analysts’ estimates as rising oil production from the Permian Basin helped offset weaker crude prices. Exxon’s third-quarter adjusted profit exceeded expectations by a nickel on Friday, while Chevron surpassed estimates by 11 cents. That followed mixed results from European rivals Shell Plc, TotalEnergies SE and BP …
Exxon, Chevron beat estimates on higher Permian oil production Read More »
Days before a neck-and-neck presidential race, pump prices — one of the most salient data points consumers use to gauge inflation — are tumbling in key swing states. In Michigan, Wisconsin, Nevada and Arizona, retail fuel prices have fallen at least 20% since the 2022 midterm election, according to the four-week averages of data from …
Pump prices tumble 20% in key swing states ahead of election Read More »
Google is broadening the reach of its AI-generated search summaries, known as AI Overviews, to more than 100 countries this week. The feature is now available in regions including Canada, Australia, New Zealand, South Africa, Colombia, Chile, the Philippines, and Nigeria. AI Overviews support multiple languages, such as English, Hindi, Indonesian, Japanese, Portuguese, and Spanish. …
Google expands AI search summaries to over 100 countries Read More »
AngloGold Ashanti’s (JSE: ANG) (NYSE: AU) (ASX: AGG) proposed $2.5 billion takeover of Centamin (LON: CEY) has moved a step closer to be a done deal, following the target company’s shareholders approval. Centamin noted that the necessary majority of its shareholders, equivalent to more than 75% of the voting rights, backed the deal at a court and general meeting held on Monday. …
AngloGold to close $2.5 billion Centamin buy in November Read More »
WASHINGTON, Oct 29 (Reuters) – U.S. job openings fell to the lowest level in more than 3-1/2 years in September and data for the prior month was revised down, pointing to a considerable easing in labor market conditions. Job openings, a measure of labor demand, dropped by 418,000 to 7.443 million by the last day …
US job openings drop to more than 3-1/2 year low in September Read More »
WASHINGTON, Oct 29 (Reuters) – The U.S. trade deficit in goods widened sharply in September amid a surge in imports, suggesting that trade remained a drag on economic growth in the third quarter. The goods trade gap increased 14.9% to $108.2 billion last month also as exports fell, the Commerce Department’s Census Bureau said on …
US goods trade deficit widens sharply in September on imports Read More »
Russia’s Nornickel, the world’s largest producer of palladium and a major producer of refined nickel, has raised its 2024 production guidance for all metals. The company said on Monday that its full-year nickel production forecast was now at 196,000-204,000 metric tons, up from 184,000-194,000 tons previously. The new target was still below the 209,000 tons …
Nornickel raises 2024 production guidance for all metals Read More »
HCA Healthcare Inc.’s stock fell 9% Friday, after the hospital operator’s third-quarter earnings fell short of estimates as it booked losses and lost revenue when Hurricane Helene disrupted operations at facilities in affected states. The stock was on track for its worst one-day percentage decline in more than two years, according to Dow Jones Market …
HCA Healthcare’s stock slides 9% after earnings are weighed down by Hurricane Helene Read More »
LG Energy Solution reported a significant operating profit drop of nearly 40% for the third quarter, attributing the decline to sluggish demand for electric vehicles (EVs). For the three months ending September 30, the South Korean battery maker’s operating profit stood at 448.3 billion won ($323 million), slightly exceeding analyst expectations but down 39% from the previous …
LG Energy Solution’s profits plummet nearly 40% amid sluggish EV demand Read More »
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