S&P 500, Nasdaq hit record high after upbeat jobs report
The S&P 500 and Nasdaq indexes hit record high in early trading on Friday, after data showed U.S. jobs growth slowed less than expected in October.
UBS could double Americas wealth business profit within a decade
UBS Group could double the profit it makes from its American wealth management arm within a decade even as it cuts staff numbers by targeting the super-rich, the co-head of the business told Reuters.
U.S. job growth slows less than expected despite GM strike
U.S. job growth slowed less than expected in October as the drag from a strike at General Motors was offset by gains elsewhere and hiring in the prior two months was stronger than previously estimated, offering some assurance that consumers would cont…
Electric Audi SUV tops Norway’s October car sales
German auto maker Audi’s fully-electric e-tron sports utility vehicle was the top-selling car in Norway last month with an 8.3% market share, registration data showed on Friday.
With U.S. hiring robust, Fed’s rate pause gets buy-in
A show of strength in the labor market is giving traders a bit more confidence that the Federal Reserve will keep borrowing costs where they are for now after it cut interest rates for a third time earlier this week.
Treasury yields jump after better-than-expected jobs report
Yields on U.S. government bonds jumped on Friday morning after domestic job growth slowed less than expected in October, suggesting the Federal Reserve was justified in signaling on Wednesday that it would pause interest rate cuts going forward.
Cboe Europe President Hemsley to retire
Cboe Global Markets said on Friday the President of Cboe Europe, Mark Hemsley, would retire from the company at the end of February and named David Howson, chief operating officer of its European operations as his successor, beginning Jan. 1.
Instant View: U.S. October payrolls growth slows less than expected
U.S. job growth slowed less than expected in October as the drag from a strike at General Motors was offset by gains elsewhere, while hiring in the prior two months was stronger than previously estimated, offering assurance that consumers would contin…
AbbVie boosts 2019 profit outlook as Humira helps beat revenue estimates
AbbVie Inc posted quarterly sales above estimates on Friday and raised the lower end of its 2019 profit forecast, getting a boost from strong demand for cancer medicine Imbruvica and a lower-than-expected drop in bestseller Humira’s revenue.
U.S. October job growth slows less than expected
U.S. job growth slowed less than expected in October as the drag from a strike at General Motors was offset by gains elsewhere, while hiring in the prior two months was stronger than previously estimated, offering assurance that consumers would contin…
