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Updated: 37 min 11 sec ago
Growth in the services side of the U.S. economy likely ticked up in November, according to economists polled by MarketWatch.
Citigroup dipped after Goldman became less bullish on the banking giant amid valuation and capital-return worries.
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Express forecast a weaker-than-expected holiday quarter due to muted Thanksgiving sales and a highly promotional environment.
The U.S. trade gap fell to $40.6 billion in October from $43 billion the month prior as exports jumped 1.8%.
The U.S. dollar erased losses versus the Japanese yen and the euro on Wednesday after Automatic Data Processing Inc. said employers added 215,000 private-sector jobs in November, up from 130,000 in October and topping a forecast for a rise of 178,000.
The nation's trade deficit fell 5.4% to $40.6 billion in October, as the U.S. exported more petroleum, soybeans and collectibles while buying foreign-made goods at a slower rate, the Commerce Department reported Wednesday.
Treasury yields jumped higher Wednesday after a report showed that the private-sector added 215,000 jobs in November, beating the expectations of economists.
Walgreen Co. said Wednesday that its sales for the first quarter of the fiscal year rose 6% to $18.35 billion, from $17.32 billion in the same quarter a year earlier.
Private-sector employment picked up in November, as employers added 215,000 jobs, Automatic Data Processing Inc. reported Wednesday.
In a sign of continued growth in the U.S. jobs market, the private sector added 215,000 jobs in November, topping expectations of a gain of 173,000.
Wine-and-liquor company Brown-Forman Corp. on Wednesday said fiscal second-quarter net income rose to $206 million, or 96 cents a share, versus $173 million, or 80 cents, in the same period a year earlier.
The U.S. trade deficit is forecast to drop to $40.4 billion in October from $41.8 billion in the September, according to economists polled by MarketWatch.
Shares of specialty retailer Express Inc. dropped nearly 17% in premarket trade Wednesday after the company lowered its guidance for the fiscal year after Thanksgiving week sales fell short of expectations.
The cartel agreed Wednesday to reaffirm its 30-million-barrel-a-day crude production cap as two members produce well under their quotas.
Economists forecast that private-sector job gains rebounded last month, with employers adding 178,000 jobs, up from an increase of 130,000 jobs in October, according to a Dow Jones Newswires survey.
U.S. stock-index futures fell into the red on Wednesday after a report showed the private sector added more jobs than expected in November.
Thomas H. Lee Partners is reportedly in talks to buy Phillips Pet Food & Supplies in a deal that could value the firm at more than $500 million.
Yum Brands' KFC unit is having trouble convincing customers in China to get over worries about antibiotics in the fast-food chain's chicken.
A round of data from Europe and Asia suggest the global economy is expanding at a modest, although uneven, pace.