With Christmas Films Gone from Theaters, ‘Frozen II’ Reigns

“Frozen II,” the animated musical from Walt Disney Co., is poised to nab first place again in the U.S. box office for the third weekend in a row. It’s expected to take in $36.2 million this weekend domestically, according to Box Office Pro, putting its North American total at $337.5 million. Add in hundreds of millions in overseas revenue, and […]

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Global stocks rally, dollar gains on robust U.S. jobs data

NEW YORK (Reuters) – The dollar rose and global equity markets jumped on Friday after data showed U.S. job growth increased by the most in 10 months in November, putting to rest recession fears and briefly taking the spotlight off contentious U.S.-China trade talks. U.S. Treasury yields rose, while gold slipped more than 1%, reflecting a rebound in investor appetite […]

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Saudi delivers deeper cuts as OPEC+ oil producers back new pact

VIENNA (Reuters) – Saudi Arabia spearheaded a deal on Friday that will see the OPEC+ group of oil producers commit to some of the sector’s deepest output cuts in a decade aiming to avert oversupply and support prices. Saudi with OPEC peers and allies led by Russia backed a plan that could see cuts of as much as 2.1 million […]

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Strong U.S. job growth showcases economy's resilience

WASHINGTON (Reuters) – U.S. job growth increased by the most in 10 months in November as the healthcare industry boosted hiring and production workers at General Motors (GM.N) returned to work after a strike, the strongest sign yet the economy is in no danger of stalling. The unemployment rate ticked back down to its lowest level in nearly half a […]

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Is the Sage Therapeutics Implosion Overblown?

Sage Therapeutics Inc. (NASDAQ: SAGE) shareholders took a bath on Thursday after results from its late-stage major depressive disorder (MDD) trial came public. Despite shares getting more than halved in the session, the thought among analysts seems to be that the company is not dying and the sell-off may have been too great. Sage reported topline results from the pivotal […]

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When Shelters Are Full, Sleeping Outside Can Be the Only Option

LISTEN TO ARTICLE SHARE THIS ARTICLE The law can’t punish you for being homeless. But what about actions you must take because you’re homeless, such as sleeping on the street when shelters are full and there’s nowhere else to go? The U.S. Court of Appeals for the 9th Circuit ruled last year that public camping bans, when no reasonable alternative […]

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'Moving right along'? Shares nudge up after Trump trade talk

LONDON (Reuters) – World shares ticked up on Friday, buoyed by comments from U.S. President Donald Trump that talks aimed at dialling down the damaging trade war with China were “moving right along”. Trump’s relatively upbeat tone in comments on Thursday was enough to encourage riskier bets by investors, despite a lack of agreement over whether existing tariffs should be […]

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German industry slump sparks renewed growth fears

Industrial output dropped 1.7% on the month against expectations for a 0.1% rise, Statistics Office figures showed on Friday. Production of capital goods slumped by 4.4% on the month, the steepest decline in more than five years. Germany's industrial output unexpectedly dropped in October, reviving worries about its economic growth outlook as its manufacturing backbone is hurt by global trade […]

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Eurozone Unemployment Rate Lowest Since 2008

The euro area unemployment rate declined to the lowest in more than a decade in October despite subdued economic growth. Data from Eurostat showed that the unemployment rate in the currency bloc fell to 7.5 percent in October, as expected, from 7.6 percent in September. This was the lowest rate since July 2008. The number of unemployed decreased by 31,000 […]

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