With the more closely watched monthly jobs report looming, the Labor Department released a report on Thursday showing a modest decrease by first-time claims for U.S. unemployment benefits in the week ended August 31st. The report said initial jobless claims dipped to 227,000, a decrease of 5,000 from the previous weeks revised level of 232,000....
A report released by the Labor Department on Thursday showed labor productivity in U.S. jumped by more than previously estimated in the second quarter, while unit labor costs rose by less than previously estimated. The Labor Department said labor productivity shot up by 2.5 percent in the second quarter compared to the previously reported 2.3...
A report released by payroll processor ADP on Thursday showed private sector employment in the U.S. increased by much less than expected in the month of August. ADP said private sector employment rose by 99,000 jobs in August after climbing by a downwardly revised 111,000 jobs in July. Economists had expected private sector employment to...
Safe Superintelligence Inc. or SSI, the new safety-focused AI startup founded by OpenAI co-founder Ilya Sutskever, has raised around $1 billion in the latest round. With the latest investment, the company is reportedly valued at around $5 billion. As per an update on the SSI site, investors for the new firm, which was launched in...
Shares of Dollar Tree, Inc. were losing nearly 13 percent in the pre-market activity on the Nasdaq after the discount retail chain on Wednesday issued third-quarter outlook and trimmed fiscal 2024 forecast, both below market estimates. The outlook reflects its second-quarter results with weak earnings, also below the Street view, despite slight growth in net...
Canadian shares may open on a weak note Wednesday morning with investors tracking weak global cues and awaiting the Canadian central banks interest rate decision. Asian markets closed weak today and European stocks are notably lower, weighed down by continued contraction in U.S. manufacturing sector activity. Survey results showing that growth in Chinas services sector...
EPAM Systems, Inc. (EPAM) announced Wednesday that it has entered into an agreement to acquire NEORIS, a Miami-headquartered global advanced technology consultancy with more than 4,700 professionals across major talent hubs in Latin America, Spain and the U.S. The sellers are funds managed by Advent International, one of the largest and most experienced global private...
The U.S. trade deficit increased to its largest in over two years in the month of July, according to a report released by the Commerce Department on Wednesday. The Commerce Department said the trade deficit widened to $78.8 billion in July from a revised $73.0 billion in June. Economists had expected the trade deficit to...
South Koreas gross domestic product was down a seasonally adjusted 0.2 percent on quarter in the second quarter of 2024, the Bank of Korea said on Thursday. That was in line with expectations following the 1.3 percent increase in the first quarter. On an annualized basis, GDP was up 2.3 percent - again matching forecasts...
The Malaysia stock market has moved lower in two straight sessions, slipping almost 8 points or 0.5 percent along the way. The Kuala Lumpur Composite Index now sits just above the 1,670-point plateau and it may continue to spin its wheels again on Thursday. The global forecast for the Asian markets suggests little movement ahead...