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U.S. Labor Market & Inflation
According to Reuters, The number of Americans filing applications for unemployment benefits increased more than expected last week, suggesting the labor market was slowing, but probably not to the extent implied by a near-stall in job growth in February.
While other data on Thursday showed import prices rising by the most in nine months in February, the trend in imported inflation remained weak.
Import prices dropped on a year-on-year basis for a third straight month in February.
On Thursday the S&P 500 ended little changed as growing anxiety over a global economic slowdown offset upbeat data and investors waited for earnings season to kick into high gear. In a choppy trading..
US futures and European stocks rose on "Super Wednesday" as investors bet on good news from the Brexit summit, ECB meeting, US inflation data, and Fed's March minutes. European leaders are set to grant..
Reuters reports that Target Corp will raise its U.S. minimum wage to $13 an hour in June. While this will increase Target's payroll costs it will also put new pressure on rival Walmart Inc. Target and..