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Wall Street opens lower as markets await data after federal reopening

(Reuters) -Wall Street’s main indexes opened lower on Thursday, with investors awaiting indications on the U.S. economy and the monetary policy path after President Donald Trump signed a bill ending the longest government shutdown in the country’s history. The Dow Jones Industrial Average fell 80.9 points, or 0.17%, at the open to 48,173.92. The S&P …

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Cisco shares climb on strong AI-fueled equipment demand

(Reuters) -Shares of Cisco Systems rose nearly 6% in early trading on Thursday, after the networking equipment maker raised its annual profit and revenue forecast on robust cloud demand. Cisco, a key supplier to cloud, enterprise and telecom customers, has been riding a wave of AI-driven infrastructure spending as businesses accelerate cloud migrations and upgrade …

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US retail holiday job postings slump, Indeed says

By Arriana McLymore and Savyata Mishra NEW YORK (Reuters) -Retail-related job postings, including hospitality, retail shops and food services, dropped 16% in October compared to last year, according to the Indeed Hiring Lab, a concerning sign for the spending outlook for the important holiday shopping season. The retail hiring slump falls below pre-pandemic levels for …

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US judge denies motions to disqualify officers, advisors involved in Citgo auction

HOUSTON (Reuters) -A U.S. judge has denied motions filed by Venezuela and miner Gold Reserve to disqualify him, a court officer and two advising firms overseeing an auction of shares in the parent of U.S. refiner Citgo Petroleum, according to a court filing on Thursday. (Reporting by Marianna Parraga; Editing by Mike Scarcella)

RTX to take $300 million fourth quarter charge tied to pension buyout

(Reuters) -RTX Corp said on Thursday it will incur non-cash pretax charge of about $300 million in the fourth quarter related to the transfer of $2.5 billion in pension obligations to a Prudential Financial unit through an annuity buyout. The annuity buyout will shift responsibility for payments to about 60,000 retirees and beneficiaries, or about …

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Morning Bid: Fed cut now a coin toss

By Mike Dolan -What matters in U.S. and global markets today By Mike Dolan, Editor-At-Large, Finance and Markets With the U.S. government now reopening after a six-week hiatus, market attention switches to the release of delayed economic data over the next week, as the bar for another Federal Reserve interest rate cut this year appears …

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Google hit with EU antitrust investigation into its spam policy

By Foo Yun Chee BRUSSELS (Reuters) -Alphabet’s Google was hit with an EU antitrust investigation into its spam policy on Thursday following complaints from publishers who say it has hurt their revenues, putting the U.S. tech giant at risk of yet another hefty fine. Google began cracking down against companies gaming its search algorithm to …

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Exclusive-Counter-drone radar firm Chaos raises $510 million in defense tech boom

By David Jeans NEW YORK (Reuters) -Counter-drone radar manufacturer Chaos Industries raised $510 million in a funding round that closed last month, the company’s CEO said, the latest sign of booming investor interest in emerging military technology firms. The Los Angeles-based company which makes radars that can detect drones – a key vulnerability highlighted in …

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Most emerging nations can realign trade to weather US tariffs, report finds

By Libby George LONDON (Reuters) -Most big emerging economies, including China, Brazil and India, can weather U.S. tariffs without excessive pain, a study by risk consultancy Verisk Maplecroft showed, raising doubt about the clout of President Donald Trump’s trade tools. The firm analysed the resilience of 20 of the biggest emerging markets using measures from …

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