Job openings rise in October signaling steady hiring
U S job postings rebounded 5 percent to 7.7 million in October from 7.4 million in September, hinting at steadier hiring despite a year ago low. Quits rose, layoffs fell to 1.6 million, and the unemployment rate stood at 4.1 percent as hiring slowed mainly due to hurricanes and a Boeing strike.
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Wall Street edges to fresh records amid mixed trading
Wall Street inched to new highs with the S&P 500 at a fresh intraday peak and the Nasdaq rising. Dow slight drop as AT&T boosted profit forecasts and proposed hefty share buybacks while U.S. Steel fell on market caution about Nippon Steel’s Pittsburgh plant takeover.
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China expands export curbs amid tech trade clash with US
China bans gallium germanium antimony and other advanced materials for high tech use citing national security and retaliation to US limits on semiconductor exports. Beijing says it will require licenses for strategic minerals and restricts super hard materials while warning against unilateral sanctions.
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