PARIS—French bank Societe Generale said on Tuesday it will cut 3,700 jobs between 2023 and 2025 as it merges its retail network with that of its unit Credit du Nord, but it added that there would be no forced redundancies. The new retail bank targets a headcount of 25,000 employees and the job cuts will…
NTD Business Full Broadcast (Oct. 8)
Hiring in the private sector making steady progress, but job losses in the government weigh down the September jobs report. The global corporate tax deal is moving forward. 136 countries reached an agreement Friday. What does this mean for businesses and what’s next? Tesla moving its headquarters out of California. Partly due to high property…
Wall Street Mixed After September Jobs Miss
October 8, 2021
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U.S. stocks oscillated between gains and losses on Friday after data showed U.S. jobs rose far less than expected in September, but not slow enough to throw the Federal Reserve off its presumed course of tapering asset purchases this year. Six of the 11 major S&P sectors declined, with defensive real estate, healthcare, and utilities…
Canada Adds 157,000 Jobs in September, Returning to Pre Pandemic Levels
OTTAWA—Statistics Canada says the economy added 157,000 jobs in September, bringing employment back to pre-pandemic levels for the first time. The unemployment rate fell to 6.9 percent, down from 7.1 percent in August. Statistics Canada says the unemployment rate would have been 8.9 percent in September, down from 9.1 percent in August, had it included…
Dollar Trades Flat as US Jobs Report Awaited
October 8, 2021
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LONDON—The dollar traded flat against major currencies on Friday ahead of a U.S. non-farm payrolls report expected to provide traders with further clues on the pace of the Federal Reserve’s policy normalisation. The U.S. Dollar Currency Index, which measures the dollar against a basket of six peers, rose 0.1 percent to 94.338, last trading unchanged…
Futures Hold Steady Ahead of September Jobs Data
October 8, 2021
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U.S. stock index futures were largely flat on Friday ahead of September jobs data that is likely to set off the Federal Reserve’s withdrawal of its policy support later this year. Wall Street rallied on Thursday, led by mega-cap technology stocks as the U.S. Senate approved legislation to temporarily raise the federal government’s $28.4 trillion…
Stocks Slip but Heading for Weekly Gain Ahead of US Jobs Data
October 8, 2021
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LONDON—European shares slipped on Friday but held most of the previous session’s gains as investors welcomed the U.S. Senate’s temporary lifting of the debt ceiling and awaited crucial jobs data due later in the session. The rally on Thursday has lifted global stock indexes into positive territory for the week, despite widespread selling initially as…
European Stocks Dip on Tech Losses, US Jobs Caution
October 8, 2021
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European stocks edged lower on Friday as declines in the technology sector more than offset gains in oil and auto shares, while investors remained cautious ahead of U.S. payrolls data. The pan-European STOXX 600 index slipped 0.3 percent, with tech stocks falling about 1 percent as rising bond yields dimmed the high-growth sector’s appeal. U.S….
Wall Street Slides on Inflation Worries; ADP Jobs Beat Sparks Taper Fears
October 6, 2021
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Wall Street’s main indexes opened lower on Wednesday after soaring oil prices fed into fears of higher inflation, while a survey showing a strong rise in private jobs last month fueled concerns of a sooner-than-expected easing of monetary stimulus. The Dow Jones Industrial Average fell 115.71 points, or 0.34 percent, at the open to 34,198.96….
Wall Street Falls as ADP Jobs Beat Sparks Taper Fears
October 6, 2021
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U.S. stock indexes fell on Wednesday after a strong showing of private jobs in September fueled concerns of a sooner-than-expected easing of monetary stimulus in the face of growing worries of higher inflation. The ADP National Employment Report showed private payrolls increased by 568,000 jobs last month. Economists polled by Reuters had forecast a rise…
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