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Saturday, December 28, 2024

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Canada’s Rail Shutdown: A North American Crisis in the Making

Montreal, August 22, 2024 (FFN)-  Canada is facing a major transportation crisis as a nationwide rail shutdown threatens to bring the country’s supply chain...

U.S. Job Growth Slows Significantly, Falling Short of Expectations

The U.S. economy added 818,000 fewer jobs between April 2023 and March 2024 than initially estimated. Revised data indicates an average monthly job growth of...

U.S. Crude Oil Inventories Drop Sharply Last Week

Crude oil inventories in the U.S. fell by 4.6 million barrels to 426 million barrels in the week ending August 16. Gasoline stocks decreased by...

Ford Cancels Plans for Three-Row Electric SUV Amid EV Market Challenges

Ford has canceled plans to produce a three-row electric SUV due to a weakening electric vehicle (EV) market. The decision will result in a financial...

Oil Prices Edge Higher Amid Supply Concerns and Geopolitical Tensions

Brent Crude and WTI see moderate gains due to ongoing supply concerns and geopolitical tensions in the Middle East. Brent Crude is trading at approximately...

Dollar Faces Widespread Selling Pressure Amid Hedge Fund Adjustments

The U.S. dollar is experiencing significant selling pressure, driven by hedge funds and corporations adjusting their positions, according to a report from Bank of...

GM to Lay Off Over 1,000 Employees in Software and Services Division

General Motors (GM) plans to lay off more than 1,000 employees in its software and services division as part of a reorganization aimed at...

GBP/USD Exchange Rate Remains Stable as Markets Await Key Economic Data

The GBP/USD exchange rate remains stable as financial markets await the release of key economic data that could influence future monetary policy decisions in...

World Humanitarian Day Highlights Rising Threats to Aid Workers

The United Nations is observing World Humanitarian Day today, focusing on the alarming increase in attacks on aid workers globally. Last year was the deadliest...

Goldman Sachs Reduces Probability of U.S. Recession

Goldman Sachs has lowered the probability of the U.S. economy slipping into a recession within the next 12 months to 20% from a previous...

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