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WASHINGTON (Reuters) -U.S. job growth surged in November after being severely hindered by hurricanes and strikes, but a rise in the unemployment rate to 4.2% pointed to an easing labor market that should allow the Federal Reserve to cut interest rates again this month. The labor market's resilience is driving the economy through strong consumer spending, with the closely watched employment report from the Labor Department on Friday showing solid wage growth last month. "The report should soothe bears and bulls alike," said Scott Anderson, chief U.S. economist at BMO Capital Markets.

On Thursday, Duality Biologics revealed the first data from a global Phase 1/2a trial of BNT324/DB-1311, which it co-developed with BioNTech SE (NASDAQ:BNTX). The data were presented in an oral session at the 2024 European Society of Medical Oncology Asia Annual Meeting in Singapore and showed encouraging antitumor activity alongside a manageable safety profile in heavily pretreated patients with locally advanced or metastatic solid tumors. The ongoing Phase 1/2a trial analysis included 277 part

The Cboe Volatility Index hasn’t been this low in months.

Genesco Inc. (NYSE:GCO) shares are trading higher on Friday after the company reported third-quarter financial results. It clocked an adjusted earnings per share of 61 cents, beating the street view of 29 cents. Quarterly revenues of $596.328 million (+3%) beat the analyst consensus estimate of $577.93 million. Comparable sales rose 6%, with e-commerce sales up 15% and store sales increasing 4%. E-commerce accounted for 24% of retail sales. “This result was driven by the initial phase of Journey

(Bloomberg) -- Federal Reserve Bank of Chicago President Austan Goolsbee said the labor market appears largely stable despite a bumpy series of data on the US jobs landscape. Most Read from BloombergNYC’s Run-Down Bus Terminal Gets Approval for $10 Billion RevampKansas City Looks Back on its Long, Costly Ride With MicrotransitA Chicago Skyscraper Cements the Legacy of a Visionary Postmodern ArchitectPointing to the average payroll numbers over recent months, Goolsbee said Friday in a question-an

(Bloomberg) -- Wall Street bankers who help companies sell debt are poised to get bigger bonuses for their work in 2024 and may collect even higher rewards for next year if issuance trends continue, according to recruiting and compensation specialists.Most Read from BloombergNYC’s Run-Down Bus Terminal Gets Approval for $10 Billion RevampKansas City Looks Back on its Long, Costly Ride With MicrotransitA Chicago Skyscraper Cements the Legacy of a Visionary Postmodern ArchitectSearch firm Options

Hewlett Packard Enterprise shares popped after the company’s better-than-expected fiscal fourth-quarter results drew price target bumps from analysts.