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U.S. investment fund Artisan Partners on Thursday joined another minority shareholder in French media group Vivendi in opposing its spin-off of Universal Music Group (UMG), decrying the transaction as unfavourable to some investors.
Australian shares are set to open higher after the S&P 500 hit a record. The $A has rebounded, oil has extended its rally and the US 10-year yield has plunged.
By Caitlin Ostroff and Akane Otani U.S. stocks rose Friday, closing the week with modest gains, after the monthly employment report showed the labor market continued its slow recovery in May.... | June 4, 2021
By Caitlin Ostroff and Akane Otani U.S. stocks rose Friday, posting modest weekly gains, after the monthly employment report showed the labor market continued its slow recovery in May. Stocks started off the week wavering between small gains and losses, before momentum picked up on the week's final trading day. One factor that helped break the lull: the May jobs report. Labor Department data released Friday showed the U.S. economy added slightly fewer jobs than economists had expected, while the unemployment rate fell more than expected. Together, the mixed data offered inve...
NEW YORK, June 5 — US stocks climbed yesterday, led by technology shares, after a tepid US monthly jobs report relieved investor concerns the Federal Reserve might rein in monetary stimulus soon. US employers increased hiring in May and raised wages as they competed for workers. But the nonfarm...