Business - Page 3

G7 sets 100 million barrel oil and diesel release to ease fuel pressures Business

G7 sets 100 million barrel oil and diesel release to ease fuel pressures

The four-month reserve plan prioritizes diesel deliveries within 20 days and rejects energy export restrictions among G7 members.

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US hiring slows to 29,000 jobs in September as unemployment rises to 4.2% Business

US hiring slows to 29,000 jobs in September as unemployment rises to 4.2%

September hiring slowed sharply and earlier gains were revised lower, easing expectations of another Federal Reserve rate increase.

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Global bond selloff sends US Treasury yield to highest since 2002 Business

Global bond selloff sends US Treasury yield to highest since 2002

The US 10-year Treasury yield briefly hit 5.34% as borrowing costs and market volatility rose across major economies.

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US August inflation holds at 3.4% as consumer spending rises Business

US August inflation holds at 3.4% as consumer spending rises

A federal report showed August prices up 3.4% from a year earlier and consumer spending up 0.9% from July, leaving the Fed to weigh persistent inflation against strong demand.

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US consumer confidence falls to lowest level since 2014 Business

US consumer confidence falls to lowest level since 2014

The Conference Board said on Tuesday, September 29, that US consumer confidence fell 6.7 points in September to 81.9 from 88.6 in August, its lowest reading since 2014.

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Nvidia Adds Record $150 Billion to Share Buyback Plan Business

Nvidia Adds Record $150 Billion to Share Buyback Plan

Nvidia increased its share buyback authorization by a record $150 billion, taking the remaining program to $235 billion through fiscal 2028.

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Australian banks and businesses brace for October card surcharge ban Business

Australian banks and businesses brace for October card surcharge ban

Australia’s October 1 card surcharge ban is prompting banks to revise rewards and merchants to reassess prices as interchange fee caps fall.

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Brazil bans fixed-odds betting as operators face October shutdown Business

Brazil bans fixed-odds betting as operators face October shutdown

Brazil has barred new deposits and betting promotions under a provisional order, with platforms due offline on October 6.

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Oil falls about 2% as US-Iran talks temper supply fears Business

Oil falls about 2% as US-Iran talks temper supply fears

Brent and US crude fell on September 25 as traders weighed a possible route to reopening the Strait of Hormuz against attacks threatening Saudi oil flows.

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Norway Raises Rates as Sweden Signals More Tightening Amid Energy Shock Business

Norway Raises Rates as Sweden Signals More Tightening Amid Energy Shock

Norway lifted rates to 4.50% while Sweden held at 1.75% and signaled increases later this year as energy costs threaten inflation.

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US Business Activity Hits Five-Year High as Price Pressures Build Business

US Business Activity Hits Five-Year High as Price Pressures Build

A September survey showed faster US growth in services and manufacturing, but rising costs sent bond yields higher and stocks lower.

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Saudi Arabia Restarts Key Oil Pipeline at Reduced Flow Business

Saudi Arabia Restarts Key Oil Pipeline at Reduced Flow

Saudi Arabia has begun restarting its East–West oil pipeline, a crucial route to Red Sea exports, while the timing of new shipments remains uncertain.

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