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136,000 jobs added in September as average hourly wages rise by 2.9% year-over-year

The September Jobs Report was released this morning, showing 136,000 jobs added, and a 2.9% rise in average hourly wages year-over-year. Yahoo Finance’s Alexis Christoforous, Brian Sozzi, and Jared Blikre are joined by David Nelson, Belpointe Asset Management Chief Strategist, and Michelle Meyer, Chief U.S. Economist at Bank of America Merrill Lynch, to discuss. …read more […]

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Husky to sell Prince George Refinery to Tidewater Midstream

Canadian oil and gas producer Husky Energy said on Friday it would sell its Prince George Refinery to Tidewater Midstream and Infrastructure for C$215 million ($161.59 million) in cash. Husky said in early January that it was exploring options for some of its non-core and downstream assets, including the Prince George Refinery, to increase focus on its core assets in atlantic Canada and the Asia Pacific region. The Prince George Refinery has a capacity of 12,000 barrel-per day and supplies refined products to retail outlets in the central and northern regions of British Columbia. …read more […]

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U.S. Supreme Court to hear Appalachian Trail pipeline fight

The U.S. Supreme Court on Friday agreed to hear an appeal by Dominion Energy Inc and President Donald Trump’s administration of a lower court ruling that halted construction on a natural gas pipeline due to run underneath a section of the popular Appalachian Trail in rural Virginia. The administration and companies involved in the project have asked the justices to overturn a ruling that found that the U.S. Forest Service lacked the authority to grant a right of way for the pipeline. Environmental groups had sued to stop the pipeline after the Forest Service gave the green …read more […]

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Market Morning: Lam Cracks Down, Alibaba FlyZoo Hotel, Seltzer Spiked, HP Cuts

She Won’t Go Like a Lam To the Slaughter Hong Kong’s Beijing-appointed chief executive Carrie Lam has invoked emergency powers that allow her to, among other things, insist that protesters stop wearing masks, so as to be able to identify them later in order to arrest them. The protesters who are wearing the masks aren’t […]The post Market Morning: Lam Cracks Down, Alibaba FlyZoo Hotel, Seltzer Spiked, HP Cuts appeared first on Market Exclusive. …read more […]

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US STOCKS-Wall Street set for higher open on moderate job growth in Sept

Wall Street was set to open slightly higher on Friday after data showed a moderate increase in job growth in September, with the unemployment rate dropping to a 50-year low, diminishing worries of a sharp slowdown in the world’s largest economy. The Labor Department’s closely watched monthly employment report on Friday showed nonfarm payrolls increased by 136,000 last month. …read more […]

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Canada’s Trade Deficit Shrinks on Exports of Crude, Aircraft

(Bloomberg) — Canada’s trade gap narrowed on a gain in energy and aircraft shipments, though overall export volumes continued to decline, clouding the picture on an otherwise better-than-expected result.The nation posted a C$955 million ($716 million) trade deficit in August, from a revised C$1.38 billion in July, Statistics Canada said Friday in Ottawa. The result surprised to the upside, beating economist expectations for a C$1.2 billion deficit.Canadian shipments have stabilized this year after suffering a harsh end to 2018 on weak oil exports. Still, exports on a volume basis, which strip out price effects, have struggled in recent months, and …read more […]