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GDP growth slowed to a 1.6% rate in the first quarter, well below expectations
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U.S. Job Growth Slowed in April
The economy added 175,000 jobs last month, a slowdown in hiring. The unemployment rate ticked up to 3.9 percent.The New York Times - Business -
Jobs growth in the US economy slows
Also in this newsletter: ‘seismic’ by-election results for Labour, and G7 at odds over Russia’s frozen assetsFinancial Times - World -
U.S. job growth totaled 175,000 in April, much less than expected, while unemployment rose to 3.9%
Markets had expected job growth of 240,000 and the unemployment rate to hold at 3.8%.CNBC - Business -
SocGen defends risk controls after unauthorised trading incident
French bank reports smaller than expected drop in profit after strong performance in equities tradingFinancial Times - Business -
April Jobs Report Shows Slowing But Still Steady Hiring Pace
The Labor Department said employers added 175,000 jobs last month, a dip from March but another consecutive month that adds to the longest period of unemployment under 4 percent since the 1960s.Inc. - Business -
12:30 Report — Fewer April jobs may bode well for interest rates
{beacon} 12:30 REPORT Happy Friday! This is a weekend full of festivities: The Kentucky Derby is tomorrow, and Cinco de Mayo is on Sunday! Here’s what’s in today’s edition: The U.S. economy added far fewer jobs than expected last month. The Fed ...The Hill - Politics -
Societe Generale Shares Climb on Above-Forecast First Quarter
Societe Generale’s results were better than expected at the revenue and underlying profit levels and showed early recovery signs in French retail banking, analysts said.The Wall Street Journal - World -
Wegovy maker Novo Nordisk extends losses following first-quarter results
Analysts pored over the details in its first-quarter results and monitored a potential rival weight loss treatment.CNBC - Business
More from CNBC
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Buffett says Berkshire sold its entire Paramount stake: 'We lost quite a bit of money'
"I was 100% responsible for the Paramount decision," Buffett said. "It was 100% my decision, and we've sold it all and we lost quite a bit of money."CNBC - Business -
Here's where the jobs are for April 2024 — in one chart
Health care and social assistance led the way, while construction hiring slowed.CNBC - Business -
'A lot of money on the sidelines': Calamos Investments thinks ETFs should target CD, money market customers
There may be an untapped market for exchange-traded funds.CNBC - Business -
Activist Nihon Global puts forth ideas to build shareholder value at noodle giant Toyo Suisan
Nihon Global's proposal at Toyo Suisan is a lesson on shareholder activism in Japan.CNBC - Business -
Star Wars was the first Lego license — 25 years later, it's stronger than ever
The Star Wars license was the first of its kind for Lego. Now, it has become a blueprint for the company's other brand deals.CNBC - Business