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US labor market shrugs off recession fears; keeps the Fed on a tightening path

US labor market remains tight despite continued claims hitting 10-month high

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Weekly jobless claims rise by 4,000 to 230,000 Continuing claims rise by 62,000 to 1.671 million WASHINGTON, Dec 8 (Reuters) – The number of Americans filing new claims for unemployment benefits increased moderately last week, indicating a still tight and strong labor market despite growing fears of a recession as the Reserve federal government is …

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Analysis: Russia's G7 oil price ceiling moves from revenue squeeze to market anchor

Analysis: Russia’s G7 oil price ceiling moves from revenue squeeze to market anchor

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WASHINGTON, Dec 6 (Reuters) – When U.S. officials first floated the idea of ​​capping Russian oil export prices in response to a planned European embargo in March, they pledged to cut revenue of the Russian war machine, while avoiding a devastating spike in oil prices. But keeping Russian oil on the market and global prices …

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US labor market shrugs off recession fears; keeps the Fed on a tightening path

US labor market shrugs off recession fears; keeps the Fed on a tightening path

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Non-farm payrolls increase by 263,000 in November Unemployment rate stable at 3.7%; turnout drops The average hourly wage increases by 0.6%; up 5.1% year-on-year WASHINGTON, Dec 2 (Reuters) – U.S. employers hired more workers than expected in November and raised wages, ignoring growing fears of a recession, but that is unlikely to stop the Federal …

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US Job Openings Fall in October; labor market still tight

US Job Openings Fall in October; labor market still tight

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Job postings fall by 353,000 to 10.3 million in October Third-quarter GDP growth revised to 2.9% from 2.6% Consumer, business and export spending matters for upgrading Goods trade deficit widens 7.7% in October WASHINGTON, Nov 30 (Reuters) – U.S. job vacancies fell in October but remained significantly elevated, indicating continued resilience in the labor market …

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Chevron can resume a key role in Venezuela's oil production and exports

Chevron can resume a key role in Venezuela’s oil production and exports

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WASHINGTON/HOUSTON, Nov 26 (Reuters) – Chevron Corp on Saturday received a U.S. license allowing the second-biggest U.S. oil company to expand production in Venezuela and ship crude oil from the South American country to the United States . The ruling grants broader rights to the last major US oil company still operating in US-sanctioned Venezuela. …

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US ready to allow Chevron to increase oil production in Venezuela

US ready to allow Chevron to increase oil production in Venezuela

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US ready to allow oil giant to produce and sell Venezuelan oil Chevron owes billions in unpaid debt to state-owned PDVSA US aims to transfer Venezuelan oil sales from shadow companies HOUSTON, Nov 23 (Reuters) – Chevron Corp could soon win U.S. approval to expand operations in Venezuela and resume trading in its oil once …

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US weekly jobless claims at 3-month high; resilient capital expenditure

US weekly jobless claims at 3-month high; resilient capital expenditure

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Weekly jobless claims increase from 17,000 to 240,000 Continuing claims rise by 48,000 to 1.551 million Core capital goods orders rebound 0.7% in October Shipments of basic capital goods jump 1.3% WASHINGTON, Nov 23 (Reuters) – The number of Americans filing new claims for unemployment benefits hit a three-month high last week amid rising tech …

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Elon Musk launches Twitter poll on whether to bring Trump back

Elon Musk launches Twitter poll on whether to bring Trump back

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Nov 18 (Reuters) – Elon Musk launched a Twitter poll on Friday evening asking his followers to vote on whether to restore former U.S. President Donald Trump’s account on the platform, with initial results showing around 60 % of votes yes. “Vox Populi, Vox Dei,” Musk tweeted, a Latin phrase that roughly translates to “the …

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Trump's 2024 presidential bid breathes new life into markets

Trump’s 2024 presidential bid breathes new life into markets

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NEW YORK, Nov 16 (Reuters) – Former President Donald Trump’s entry into the 2024 presidential race on Tuesday confirmed the world’s “worst-kept secret” and created another variable for markets that some say investors, remains a low priority for now. Trump, who has launched relentless attacks on the integrity of the American vote since his defeat …

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