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US weekly jobless claims rise; continuing claims at 10-month high

Weekly jobless claims increase 4,000 to 230,000 Continuing claims rise 62,000 to 1.671 million WASHINGTON, Dec 8 (Reuters) – The number of Americans filing new claims for jobless benefits increased moderately last week, while unemployment rolls hit a 10-month high towards the end of November, suggesting the labor market was gradually slowing down. Still, labor …

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US lawmakers decline to add Boeing 737 MAX exemption in defense bill

WASHINGTON, Dec 6 (Reuters) – US lawmakers late on Tuesday declined to add an extension to an annual defense bill of a looming deadline that would impose a new safety standard for modern cockpit alerts for two new versions of Boeing’s (BA.N) best -selling 737 MAX aircraft. The US planemaker has been lobbying for months …

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Wall Street slides in broad-based selloff on recession worries

Meta drops on report of EU concern over targeted ads Indexes down: Dow 0.92%, S&P 1.26%, Nasdaq 1.63% Dec 6 (Reuters) – Wall Street’s main indexes slid on Tuesday, led by declines in Meta Platforms and other technology stocks as investors worried about a longer rate-hike cycle despite warnings of a potential recession next year. …

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Wall St falls after strong service-sector data feeds hawkish Fed fears

US service sector activity picks up in November Tesla slides on reports of production cut in China Indexes down: Dow 0.70%, S&P 0.98%, Nasdaq 1.12% Dec 5 (Reuters) – Wall Street’s main indexes fell on Monday after better-than expected service-sector activity added to jitters that the US Federal Reserve might continue on its aggressive policy …

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‘We are not your enemy’, say South Korean truckers striking for minimum wage protections

UIWANG, South Korea, Dec 5 (Reuters) – Inside five white tents outside the Uiwang container depot near Seoul, about 200 striking truckers huddle around gas heaters, trying to fight the bitter cold and the government narrative that they are well paid “labour aristocracy .” They are all too aware of the impact their strike has …

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FDA pulls US authorization for Eli Lilly’s COVID drug bebtelovimab

Nov 30 (Reuters) – Eli Lilly and Co’s COVID-19 drug bebtelovimab is not currently authorized for emergency use in the United States, the Food and Drug Administration said, citing it is not expected to neutralize the dominant BQ.1 and BQ.1.1 subvariants of Omicron. Wednesday’s announcement takes away authorization from the last COVID-19 monoclonal antibody treatment, …

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Rare success for Alzheimer’s research unlocks hope for future therapies

CHICAGO, Nov 29 (Reuters) – The first big breakthrough in 30 years of Alzheimer’s research is providing momentum for clinical trials of “cocktail” treatments targeting the two hallmark proteins associated with the mind-robbing disease, according to interviews with researchers and pharmaceutical executives . Drugmakers Eisai Co Ltd (4523.T) and Biogen (BIIB.O) reported in September that …

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Wall St losses limited as Amazon gains on upbeat Cyber ​​Monday

Cyber ​​Monday spends to hit record $11.6 bln – report Biogen down after death in Alzheimer drug trial Indexes off: Dow 0.47%, S&P 0.60%, Nasdaq 0.35% Nov 28 (Reuters) – Wall Street’s main indexes fell on Monday amid worries about protests in major Chinese cities against strict COVID-19 policies, although gains in Amazon helped limit …

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Global oil market signals short-term weakness ahead of EU ban on Russian oil

NEW YORK, Nov 28 (Reuters) – The global oil market is signaling a potential shift, as traders and analysts worry about reduced crude demand and an oversupplied market in the coming months. After months of strength, crude futures are flirting with lows not seen all year as top oil consumer China enters additional COVID-19 lockdowns …

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