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BUSINESS

U.S. labor market shrugs off recession fears; keeps Fed on tightening path

Nonfarm payrolls increase 263,000 in November Unemployment rate steady at 3.7%; participation rate falls Average hourly earnings rise 0.6%; up 5.1% year-on-year WASHINGTON, Dec 2 (Reuters) – U.S. employers hired more workers than expected in November and increased wages, shrugging off mounting worries of a recession, but that will probably not stop the Federal Reserve […]

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Latest-News

Florida mulls U-turn on move to strip Disney theme-parks of self-governing status – FT

Dec 2 (Reuters) – Florida lawmakers are mulling plans to reverse a move that would strip Walt Disney Co. (DIS.N) of its right to operate a private government around its famous theme-parks, the Financial Times reported on Friday, citing people briefed on the plan. In April, lawmakers had given their final approval to a bill […]

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WORLD

Putin is open to talks and diplomacy on Ukraine, Kremlin says

Putin open to talks on Ukraine Russia will not pull out of Ukraine Kremlin strikes a dovish tone Biden says prepared to speak to Putin with conditions MOSCOW, Dec 2 (Reuters) – President Vladimir Putin is open to talks on a possible settlement to the conflict in Ukraine and believes in a diplomatic solution, the […]

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WORLD

Biden pushes South Carolina to lead presidential primary kick-off

Biden wants South Carolina first in Dem presidential contest Heavily Black South Carolina would displace Iowa’s caucus New Hampshire, Nevada, Georgia and Michigan would pick next WASHINGTON, Dec 1 (Reuters) – U.S. President Joe Biden is pushing for South Carolina to host the first Democratic presidential primary, aiming to usher more diversity into the party’s […]

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ENTERTAINMENT

Twitter suspends Kanye’s account again

Dec 2 (Reuters) – Twitter Inc on Friday suspended Kanye West’s account again, just two months after it was reinstated, after its owner Elon Musk said he had violated the platform’s rules prohibiting incitement to violence. Musk, who calls himself a free speech absolutist, had welcomed the return of the rapper, now known as Ye, […]

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BUSINESS

Musk delivers first Tesla truck, but no update on output, pricing

Tesla ships first Semi to PepsiCo five years after unveiling it No details on orders or capacity for electric truck Semi uses existing Tesla motors, to feature new Supercharger Dec 1 (Reuters) – Tesla Inc (TSLA.O) Chief Executive Elon Musk delivered the company’s first heavy-duty Semi on Thursday to PepsiCo (PEP.O) without offering updated forecasts […]

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BUSINESS

Blackstone’s $69 bln REIT curbs redemptions in blow to property empire

NEW YORK, Dec 1 (Reuters) – Blackstone Inc (BX.N) limited withdrawals from its $69 billion unlisted real estate income trust (REIT) on Thursday after a surge in redemption requests, an unprecedented blow to a franchise that helped it turn into an asset management behemoth. The curbs came because redemptions hit pre-set limits, rather than Blackstone […]

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BUSINESS

Wall Street mixed; Dow pressured by selloff in Salesforce shares

Salesforce drops on co-CEO exit plan Dollar General falls on slashing annual profit view U.S. manufacturing shrinks for first time in 2-1/2 years in Nov Indexes: S&P 500 -0.09%, Nasdaq +0.14%, Dow -0.59% Dec 1 (Reuters) – Wall Street was mixed on Thursday as a selloff in Salesforce weighed on the Dow, while traders digested […]

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BUSINESS

Florida pulls $2 bln from BlackRock in largest anti-ESG divestment

Dec 1 (Reuters) – Florida’s Chief Financial Officer said on Thursday his department would pull $2 billion worth of its assets managed by BlackRock Inc (BLK.N), the biggest such divestment by a state opposed to the asset manager’s environmental, social and corporate governance (ESG) policies. The move will hardly dent BlackRock’s $8 trillion in assets […]

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BUSINESS

Sam Bankman-Fried says he ‘didn’t ever try to commit fraud’

NEW YORK, Nov 30 (Reuters) – Sam Bankman-Fried, the founder and former CEO of now-bankrupt crypto exchange FTX, attempted to distance himself from suggestions of fraud in his first public appearance since his company’s collapse stunned investors and left creditors facing losses totaling billions of dollars. Speaking via video link at the New York Times’ […]

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