Samsung Electronics Co. announced that it has begun mass production of a new solid-state drive or SSD, which stores and transfers data for artificial intelligence personal computers. The South Korean advanced memory tech major has initiated mass producing PM9E1, a PCle 5.0 SSD with the industrys highest performance and largest capacity. According to the firm,...
India service sector expanded at a solid pace in September but growth in total new business, exports and overall output grew at the slowest rates since late-2023, final data compiled by S&P Global showed on Friday. The HSBC services Purchasing Managers Index fell to 57.7 in September from 60.9 in the previous month. The flash...
Asian stocks ended mixed on Friday as Middle East tensions persisted, and investors looked ahead to the all-important U.S. jobs report later in the day that could decide the path of U.S. interest rates. The dollar hovered near a six-week high in Asian trading and gold traded near record levels while oil prices steadied, after...
German stocks were little changed on Friday as Middle East tensions persisted, and investors looked ahead to the all-important U.S. jobs report later in the day that could decide the path of U.S. interest rates. Economists currently expect the report to show employment rose by 140,000 jobs in September after an increase of 142,000 jobs...
The Canadian market climbed to a fresh record high Friday morning, led by gains in technology, consumer discretionary, materials, financials and energy sectors. Data showing a strong reading of Canadas Ivey Purchasing Managers Index for the month of September and upbeat U.S. jobs data are aiding sentiment. The benchmark S&P/TSX Composite Index, which rose to...
The U.S. dollar spiked up against its major counterparts in the New York session on Friday, as nonfarm payrolls increased more than expected in September, reducing odds of a 50 basis point rate cut by the Federal Reserve in November. Data from the Labor Department showed that non-farm payroll employment jumped by 254,000 jobs in...
European stocks ended higher on Friday with investors cheering upbeat U.S. jobs data. Geopolitical tensions persisted, but that did not deter investors from picking up several frontline stocks. In addition to reacting to U.S. jobs data and following geopolitical news, investors also digested a slew of economic data from the European region. The pan European...
U.S. stocks rallied on Friday, lifting the major averages to a firm close, as upbeat non-farm payroll data helped offset concerns about Middle East tensions and prompted investors to indulge in some brisk buying at several counters from across various sectors. The Dow settled at a fresh record high at 42,352.75, gaining 341.16 points or...
The U.S. dollar moved up on Friday as prospects of aggressive rate cuts by the Federal Reserve in its upcoming meeting faded after data from the Labor Department showed a much bigger than addition of jobs in non-farm payroll employment in September. Data from the Labor Department showed that non-farm payroll employment jumped by 254,000...
The Canadian market posted new record intraday and closing highs on Friday as technology and energy stocks rallied on sustained buying support. Upbeat jobs data from the U.S., and a strong reading of Canadas Ivey Purchasing Managers Index helped underpin sentiment. The benchmark S&P/TSX Composite Index climbed to a new high of 24,179.28 and settled...