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[ad_1] A worker prepares a 155mm artillery shell at the Scranton Army Ammunition Plant in Scranton, Pennsylvania, U.S., February 16, 2023. Brendan McDermid | Reuters Companies added jobs at a brisk pace in February as the U.S. labor market kept humming, payroll services firm ADP reported Wednesday. Private payrolls increased by 242,000 for the month, ahead of the Dow Jones estimate for 205,000 and well above the upwardly revised 119,000 jobs gain, from 106,000, in January . Wage growth decelerated slightly, with those remaining in their jobs seeing a 7.2% annual increase, down 0.1 percentage point from a month ago. Job changers saw growth of 14.3%, compared to 14.9% in January. The report comes with Federal Reserve officials watching jobs data closely for clues on where inflation is headed. Remarks Tuesday from Fed Chairman Jerome Powell, who called the jobs market "extremely tight," triggered a sell-off on Wall Street amid expectations that the central bank could accele

[ad_1] China is restricting the exports of gallium and germanium, two metals key to the manufacturing of semiconductors, its commerce ministry said in a statement late on July 3, escalating a technological trade war over access to microchips with Europe and the United States. Nurphoto | Nurphoto | Getty Images China is restricting the exports of two metals key to the manufacturing of semiconductors, its commerce ministry said late Monday , escalating a technological trade war with Europe and the United States over access to microchips. These new regulations — imposed on grounds of national security — will require exporters to seek a license to ship some gallium and germanium compounds starting Aug. 1, China's commerce ministry said . Applications for these export licenses must identify importers and end users and stipulate how these metals will be used. This move is part of an intensifying global battle for technological supremacy — with China as the world's largest sourc

[ad_1] Where the major averages stand after Tuesday's selloff This is where all the major averages stand for 2023 and February after posting their worst session of the year and worst day since Dec. 15. Dow Jones Industrial Average: Down 0.05% in 2023 Down 2.81% in February 10.35% off record high 81.89% off pandemic low S&P 500: Up 4.11% for the year Down 1.94% in February 17.04% off record high 82.37% off pandemic low Nasdaq Composite: Up 9.8% for the year Down 0.8% this month 29.11% % off record high 73.30% off pandemic low — Samantha Subin, Chris Hayes Palo Alto Networks pops on guidance lift Palo Alto Networks ' stock jumped more than 7% in extended trading after the cybersecurity provider beat Wall Street's estimates for the recent quarter and management lifted third-quarter fiscal earnings guidance. For the recent quarter, the software maker posted adjusted earnings of $1.05 per share on $1.66 billion in revenue. Analysts expected EPS of 78 cents on $1.65 bill

[ad_1] Warning labels are designed to inform consumers about potential risks of using a product, but they have become too prevalent to be beneficial. "Warning labels really were fairly rare until the 1960s," said W. Kip Viscusi, a distinguished professor of law, economics, and management at Vanderbilt University. "Beginning in the mid-1960's, cigarettes started to have a warning label. Since that time, other products have followed suit, trying to emulate the cigarette experience." related investing news Warning labels generally come in two forms: those that warn the consumer against buying the product, such as a cigarette box label that says, "This product can cause mouth cancer," and those that warn about the risks associated with incorrect use of a product and may say, " To prevent this furniture from tipping over, it must be permanently fixed to the wall ." One of the problems researchers have pointed out is people are desensitized t

[ad_1] BENGALURU: United States (US) lawmakers met with the Federal Reserve and Federal Deposit Insurance Corporation on Friday to discuss the collapse of Silicon Valley Bank (SVB) Financial Group, Coindesk reported on Saturday citing a source. Democratic US Representative Maxine Waters held briefings with officials from the two regulators and the Treasury Department, hours after the startup-focused SVB’s collapse, the report said. The report comes after SVB collapsed on Friday in the largest bank failure since the 2008 financial crisis, roiling global markets and stranding billions of dollars belonging to companies and investors. Separately, Representative Ro Khanna said in a tweet on Friday that he reached out to both the White House and the Treasury Department to discuss the situation with the bank. US Treasury Secretary Janet Yellen on Friday met with banking regulators on the collapse of SVB, as she and the White House expressed confidence in their abilities to respond

[ad_1] Supporters hold up Save Medicaid signs during the Senate Democrats' news conference at the Capitol with disability advocates to oppose the Republicans' Graham-Cassidy health-care bill. Bill Clark | CQ-Roll Call, Inc. | Getty Images Nearly three million people have been kicked off Medicaid since Covid-19 pandemic protections expired in April, with three-quarters of those individuals losing coverage despite the fact they may still be eligible for the public health insurance program, according to data from health researcher KFF . Medicaid is the public health insurance program for lower-income individuals and families. It is heavily financed by the federal government but largely managed by state governments. The widespread removal of coverage is a worrying trend because people who lose one form of insurance often struggle to find alternative coverage due to the complexity of the U.S. health insurance system, putting them at risk of ultimately becoming uninsured. About

[ad_1] With the second half of the year now underway, investors may want to take another look at their fixed income portfolio. High yields have been a boon to income investors, as the Federal Reserve increased interest rates over the past year. The ramp up, which began in March 2022 in an effort to tame inflation, has pushed yields higher on assets like U.S. Treasurys: The rate on the the 6-month T-bill is hovering just below 5.5%, while the 2-year note is at about 4.7%. Yields on certificates of deposit, money market funds and preferred securities have also seen a boost. US2Y US6M YTD line Yields on the 2-year Treasury and the 6-month T-bill Now the market is looking at the prospect of the Fed approaching the end of its hiking campaign. Policymakers indicated at their June meeting that two more quarter-point increases are on the way before the end of 2023. Indeed, traders anticipate another quarter-point increase next week. Inflation appears to be cooling with consumer and produc

[ad_1] Last Updated: July 13, 2023, 02:03 IST New York, United States of America (USA) Spot gold was up 1.3% at $1,957.39 per ounce by 10:49 a.m. EDT (1449 GMT), while U.S. gold futures rose 1.3% to $1,963.00. (Reuters) Gold prices surge as cooling US inflation sparks hopes of a sooner-than-expected halt to the Federal Reserve's rate hike cycle Gold prices jumped more than 1% on Wednesday after signs of cooling inflation in the United States boosted hopes that the Federal Reserve could hit the brakes on its rate hike cycle sooner than previously thought. Spot gold was up 1.3% at $1,957.39 per ounce by 10:49 a.m. EDT (1449 GMT), while U.S. gold futures rose 1.3% to $1,963.00. U.S. consumer prices rose modestly in June and registered their smallest annual increase in more than two years as inflation continued to subside. In the 12 months through June, the CPI advanced 3.0%, compared with Reuters estimates of 3.1%. “Gold gapped $10 higher on the softer-than-expected CPI print on

[ad_1] Cans of PepsiCo's Pepsi Zero Sugar soda are displayed for an arranged photograph taken in Tiskilwa, Illinois, on Wednesday, April 17, 2019. Daniel Acker | Bloomberg | Getty Images The U.S. Food and Drug Administration disagrees with a World Health Organization finding that the widely used soda sweetener aspartame possibly causes cancer in humans, saying the studies used to reach that conclusion had "significant shortcomings." "Aspartame is one of the most studied food additives in the human food supply. FDA scientists do not have safety concerns when aspartame is used under the approved conditions," an agency spokesperson said late Thursday shortly after the WHO released its findings. The International Agency for Research on Cancer, a WHO body, found a possible link between aspartame and a type of liver cancer called hepatocellular carcinoma after reviewing three large human studies in the U.S. and Europe. Aspartame is used as a substitute for sugar

[ad_1] A can of Diet Coke in a supermarket, as an artificial sweetener commonly used in thousands of products including diet fizzy drinks, ice cream and chewing gum is to be listed as posing a possible cancer risk to humans, according to reports. Yui Mok | Pa Images | Getty Images The World Health Organization on Thursday classified the soda sweetener aspartame as a possible carcinogen, but said it is safe for people to consume within the recommended daily limit. The International Agency for Research on Cancer, a WHO body, identified a possible link between aspartame and a type of liver cancer called hepatocellular carcinoma after reviewing three large human studies conducted in the U.S. and Europe that examined artificially sweetened beverages. related investing news Aspartame is used in Diet Coke, Pepsi Zero Sugar and other diet sodas , as well as some chewing gum and various Snapple drinks as a substitute for sugar. Artificially sweetened beverages have historically been the bi

[ad_1] HRA Pharma expects a final decision by the FDA this summer on its application for nonprescription sales of Opill, which is generically called norgestrel. Source: Perrigo The Food and Drug Administration on Thursday approved the first over-the-counter birth control pill , a landmark decision that will allow more women and girls in the U.S. to prevent unintended pregnancies without a prescription .  The daily pill, called Opill, was first  approved  by the FDA as a prescription in 1973.  The pill's manufacturer, Paris-based HRA Pharma, said the contraceptive would most likely be available at drugstores, convenience stores, grocery stores and online retailers in the U.S. in early 2024. HRA Pharma, a unit of Dublin-based pharmaceutical company Perrigo , said there will be no age restrictions on sales of the pill. HRA Pharma has not announced the price of the pill, which will determine how affordable it will be to the public. But the company is committed to making the pill

[ad_1] 2024 Chevrolet Silverado HD ZR2 GM DETROIT – General Motors' U.S. vehicle sales increased by 18.8% in the second quarter compared with subdued results a year ago when the automaker was battling supply chain issues. The Detroit automaker reported sales Wednesday of 691,978 new vehicles from April through June. That compared with 582,401 vehicles during the second quarter of 2022. It also is a sequential increase compared with GM's first-quarter sales of just over 600,000 new cars and trucks. GM's second-quarter sales, along with those of other automakers such as Honda Motor, Nissan Motor and Stellantis, indicate demand for new vehicles remains strong as inventories of cars and trucks improve from historically low levels during the coronavirus pandemic and supply chain problems. Auto industry forecasters project U.S. new vehicle sales to have increased 16% to 18% during the second quarter compared with a year earlier. Cox Automotive recently increased its full

[ad_1] New Delhi:  US-based global sandwich chain Subway has faced criticism for creating an advertisement based on OceanGate's Titanic submarine tragedy, which resulted in the presumed loss of all five occupants due to an implosion. The ad which reads: "Our subs don't implode" was displayed on the outdoor sign in a Subway restaurant in Georgia in the US. The move has faced widespread criticism from internet users, with many condemning it as 'distasteful'. "Subway, this is at your store in Rincon, GA (Georgia). Not only is it distasteful, it’s just sad. Do better," a user tweeted with an attached image of the outdoor sign that read the ad. "I’ll never eat at Subway ever. It is distasteful and disrespectful to families who lost loved ones," a user commented. cre Trending Stories "What an absolute disgrace for Subway to do this they should be ashamed that people lost there lives and they think its funny would they find as fun

[ad_1] Traders work on the floor of the New York Stock Exchange (NYSE) during morning trading on February 01, 2023 in New York City.  Michael M. Santiago | Getty Images U.S. stock futures were little changed on Tuesday night as Wall Street looks to resume a holiday-shortened week. Dow Jones Industrial Average futures fell by 31 points, or 0.09%. S&P 500 and Nasdaq 100 futures dipped 0.05% and 0.11%, respectively. Markets were closed Tuesday for the Fourth of July holiday. They closed early Monday. Investors are coming off a positive session Monday, which kicked off the start of a new month, quarter and half-year for traders. Stocks rose slightly during the shortened trading day, with the Dow Jones Industrial Average  adding 10.87 points, or 0.03%. The  S&P 500  rose 0.12%, while the  Nasdaq Composite  closed 0.21% higher. Those gains build on a strong start to the year. Last week, the Nasdaq Composite closed out its best first half of the year since 1983, while the S&P

[ad_1] Aigen founders: Rich Wurden (CTO) and Kenny Lee (CEO) Courtesy: Aigen The Aigen Element looks like a drafting table on rugged tires. It drives itself continuously at around two miles per hour over farmland, using an advanced computer vision system to identify crops and unwanted botanical invaders. With two-axis robotic arms positioned close the ground, the Element can flick weeds out of the way where they'll dry out before they can grow seeds and spread. The robots, which are used in a fleet and sized to meet the needs of a particular growing operation, work continuously for 12 to 14 hours at a time and never need to be plugged in. They are equipped with a lithium iron phosphate battery pack, as well as flexible solar panels which are lighter than the kind typically used on rooftops. They can even run in the dark for about four hours, or six hours in light to moderate rain — all without the emissions associated with diesel-powered farm equipment. The company behind the