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U.S. oil rises nearly 2% to top $83 a barrel as slowing manufacturing raises interest rate cut hopes
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Interest rate cut bets rise as US job creation slows; FTSE 100 at record high – business live
Rolling coverage of the latest economic and financial news, as latest US non-farm payroll shows weakening job creation. Newsflash: The UK’s services sector has posted the fastest business activity growth in almost a year, reinforcing hopes that ...The Guardian - World -
Slower Hiring Boosts Hopes of a Late-Summer Rate Cut
The slowdown marked a break from a string of data showing surprising strength in the labor market. Wages rose less than anticipated.The Wall Street Journal - World -
Weaker-Than-Expected Payrolls Push Down Dollar
The dollar weakened, with the WSJ Dollar Index down, as April jobs report missed expectations.The Wall Street Journal - World -
US job market shows signs of cooling, with just 175,000 jobs added in April
The latest snapshot on US employment was a shocker: The economy added 175,000 jobs, far below expectations for 235,000 and a reversal of the trend for robust monthly gains.CNN - Top stories -
Treasury Yields Fall on Weaker-Than-Expected Payrolls
Treasury yields fell, push down by weaker-than-expected payrolls.The Wall Street Journal - World -
Fed’s Bowman says she’s still willing to raise rates
“I remain willing to raise the federal funds rate at a future meeting should the incoming data indicate the progress on inflation has stalled or reversed,” Fed Governor Michelle Bowman said Friday.MarketWatch - Business -
Norges Bank Holds Rates, Hints at Later Cut
Norway’s central bank held its key policy rate at 4.5% and reiterated that it was likely to stay at that level for some time, as high wage growth and a weak krone keep inflation elevated.The Wall Street Journal - World -
Henderson's Take: Just How Strong Is U.S. Manufacturing? Trucks and Fuel Send a Troubling Message
A recent ISM report suggested manufacturing expanded in March. But truck demand and diesel prices are down.The Wall Street Journal - World
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SEC charges Trump Media auditor with 'massive fraud' on hundreds of companies, imposes lifetime ban
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Apple on pace for best day since 2022 after earnings beat, $110 billion stock buyback
Apple shares popped on Friday after the company reported better-than-expected second-quarter earnings and the largest-ever stock buyback program.CNBC - Business - Apple -
Guo Wengui chief of staff Yvette Wang pleads guilty to $1 billion fraud conspiracy in New York
Guo Wengui, an associate of Trump White House advisor Steve Bannon, is due to stand trial in the fraud case in New York federal court in several weeks.CNBC - Business - New York