Tag: science

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US Trade Nominee Faces Scrutiny as Republicans Raise Concerns Over Tariffs

US Trade Representative Nominee Faces Republican Concerns Over Possible Impact of Tariffs on Rural States

Job Market Challenges: Unemployment Claims Rise, Hiring Slows

As US unemployment claims remain high, experts note increasing difficulty in finding a job. Workers are remaining unemployed longer, with economists citing elevated continuing claims. Economists observe that it's taking longer for Americans, including college graduates, to secure employment post-layoff.

Wall Street Muted as Market Digests Earnings, Jobs Data Ahead

Wall Street trades cautiously ahead of Amazon earnings and Friday's crucial jobs report, with mixed corporate results and economic data providing little direction.

Trade Nominee Seeks to Restore US Hard Power Using Trade Policy

Jamieson Greer, President Trump's nominee for US trade representative, says he would use trade policy to revitalize manufacturing and counter global volatility.

The Bank flunked it: UK heading for deep recession after MPC fails to deliver

UK economy faces recession as Bank of England fails to take bold action on interest rates, despite worsening economic data and job losses.

Ford Shares Dive Amid EV Losses and Downbeat Outlook

Ford shares are dropping after the automaker's disappointing outlook, with losses in its EV business offsetting higher-than-estimated quarterly results. Ford Model e reported a $5.1 billion EBIT loss for 2024, and CEO Farley warned of tariffs' impact on the industry and consumer prices.

Ralph Lauren beats Q3 estimates on higher revenue

Ralph Lauren Beats on Q3 Earnings and Revenue, with EPS at $4.66 and Revenue at $2.14B

Fed Chair Powell Says Labor Market Stable, But Inflation Could Be Trouble

The labor market is holding steady, but economists are watching inflation closely as a potential threat. In ADP's January National Employment Report, service-providing sectors added jobs while goods-producing sectors lost jobs, indicating a consumer-led hiring market.

Tapestry Surges on Raised Outlook, Riding Tabby Bag Wave

Tapestry raises annual sales and profit forecast on strong demand for its Coach Tabby bags and suede boots.

Advanced Drainage System Reports Q3 Net Income of $81.2 Million

Advanced Drainage Systems (WMS) reported a Q3 net income of $81.2 million, or $1.04 per share, and adjusted earnings of $1.09 per share on revenue of $690.5 million.