Friday, 8 October 2021

Reuters Business: S&P 500 ends lower after U.S. September jobs miss

S&P 500 ends lower after U.S. September jobs miss

The S&P 500 ended lower on Friday after data showed weaker jobs growth than expected in September, yet investors still expected the Federal Reserve to begin tapering asset purchases this year.

Top fossil fuel lender JPMorgan joins UN climate action finance plan

JPMorgan Chase & Co said Friday it was joining the United Nation's Net-Zero Banking Alliance, a group of global banks that have committed to dramatically reducing their carbon financing and investment activities.

S&P 500 ends slightly lower after U.S. September jobs miss

The S&P 500 ended slightly lower on Friday after data showed weaker jobs growth than expected in September, yet investors still expected the Federal Reserve to begin tapering asset purchases this year.

Four stand-out points in the September U.S. jobs report

For a second straight month, U.S. job growth proved to be bitterly disappointing in September, coming in more than 300,000 jobs short of what many economists had penciled in. That's after August's report initially came in almost half a million jobs below economists' consensus estimate.

Landmark global corporate tax deal finally finds agreement

A group of 136 countries on Friday set a minimum global tax rate of 15% for big companies and sought to make it harder for them to avoid taxation in a landmark deal that U.S. President Joe Biden said levelled the playing field.

Canada posts massive jobs gain; employment back to pre-pandemic levels

The Canadian economy posted a monster jobs gain in September, pushing employment back to its pre-pandemic levels, and the jobless rate hit an 18-month low, Statistics Canada data indicated on Friday.

Former UBI top executives acquitted in governance trial

An Italian court on Friday acquitted the former top executives of UBI Banca in a trial over alleged governance irregularities at the regional bank, which is now part of the Intesa Sanpaolo group.

Bayer blasts 'unscientific' rejection by Mexican regulator of GMO corn permit

Bayer is evaluating its legal options after Mexican health regulators for the first time rejected a GMO corn permit it was seeking, the German pharmaceutical and crop science giant said in a statement to Reuters on Friday, blasting the decision as "non-scientific."

Women left U.S. workforce last month, but in fewer numbers than a year ago

The job market recovery for U.S. women faced a setback in September, much as it did about a year ago after many school districts switched to online learning. But the drop-off in the number of women working or looking for a job last month was much smaller than in 2020 as more schools reopened this year.

United Steelworkers accuse Exxon of union busting at Texas refinery

The labor union representing workers locked out of a Exxon Mobil Corp refinery on Friday accused the oil firm of trying to "bust our union" by supporting efforts to officially remove the union with a decertification vote.

Related Videos

Jobs data won't deter Fed -economist

Variant was 'hidden factor' in jobs report -economist

Global energy prices surge amid supply crunch