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ADP data released, US companies add significantly fewer employees than expected
Us companies added fewer jobs in August than expected, reflecting stubborn hiring challenges and a slowing labour market recovery. Data released by the ADP Institute on Wednesday showed that U.S. corporate employment rose by 374000 last month, below the expectations of all economists surveyed by the media. The figure was revised in July to increase by 326000. The weaker-than-expected growth in hiring suggests that companies are still struggling to attract job seekers to fill record job openings. At the same time if consumer spending in services such as eating out falls significantly then the spread of Delta mutants could create more resistance to hiring. Service provider
Ermenegildo Zegna Group To Go Public Through Merger With Investindustrial Acquisition Corp.; Merged Entity To Have Anticipated Initial Enterprise Value Of $3.2B
European Commission Executive Vice President Vestager: plans to impose digital taxes on hundreds of companies
Sina Science and Technology News Beijing time on the morning of July 3, it is reported that the European Commission Executive Vice President Margaret Vestager (Margrethe Vestager) said that the commission will propose a digital tax in the next few weeks to finance the recovery of the economy from the COVID-19 pandemic, which will apply to hundreds of companies, most of them European companies. Last year, 27 EU countries agreed to jointly borrow 750 billion euros ($887 billion) to create a post-pandemic recovery fund aimed at stimulating economic growth and fostering greener, more digital
Us Oil fell more than 1%, bond prices plummeted to boost the dollar, and is still expected to close 20% higher in February.
The original title: us oil fell more than 1%, bond prices plummeted to boost the dollar, and February is still expected to close 20% higher Friday (February 26) in Europe. Us crude oil futures prices fell more than 1% as bond prices plummeted and the dollar strengthened as a result of the collapse in bond prices. and the market is expected to resume more supply as oil prices return to pre-pandemic levels. As of press time, the futures price of US crude oil was down 1.18% to US $62.78 per barrel, while the futures price of Brent crude oil was at US $65.37 per barrel, down 1.12%. The sell-off in the bond market led to a stronger dollar and higher yields, depressing unprofitable commodity prices.
Fed Bostic: the central bank focuses on the labor market crisis rather than GDP
Raphael Bostic, president of the Federal Reserve Bank of Atlanta, said that although the U.S. economy is recovering from the epidemic faster than expected, the Fed is focusing on supporting the labor market, which has lost 10 million jobs and is in crisis. The comments by the Fed policy maker, who has the right to vote on policy this year, are a further sign that the Fed is not close to tightening despite the rebound in the economy. "just to remind you that our job is to achieve full employment," Bostic said in an online speech at a banking conference hosted by the bank on Thursday. "our job is not to be fully GD.
AMC theaters are up 13%, and the company will open all 13 cinemas in New York City in March.
AMC cinema shares rose 13 per cent in early trading on Tuesday, after closing up 14.91 per cent in the previous session with AMC cinema up 14.91 per cent. On the news, AMC Cinema said in a statement on Monday that it would reopen all 13 cinemas in New York City on March 5.
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