Category Archives: The Weekly Consensus

Story of the Week Weekly jobless claims jump to 231,000, the highest since August Initial filings for unemployment benefits have hit their highest level since late August 2023, a potential sign that an otherwise robust labor market is changing.  Jobless claims totaled a seasonally adjusted 231,000 for the week ending on May 4, up 22,000 […]

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Story of the Week Job Growth Slows in April as Unemployment Rises and Wage Growth Moderates The long-awaited cooling in the labor market may have begun in April, as payrolls climbed by a weaker-than-expected 175,000, while the unemployment rate ticked up slightly to 3.9%.  Wage growth also slowed, a sign that the Federal Reserve is […]

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Story of the Week FTC sues to block Coach parent Tapestry’s acquisition of Capri Holdings The U.S. Federal Trade Commission has sued to block the $8.5 billion acquisition of Capri Holdings by Coach and Kate Spade’s parent company, Tapestry. The move by regulators brings at least a temporary halt to a deal that would marry […]

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Story of the Week StubHub eyes summer IPO, seeks $16.5 billion valuation StubHub is eyeing a summer initial public offering, a person familiar with the matter told CNBC. The online ticketing service is aiming for a valuation of at least $16.5 billion, which is what it was valued at in late 2021 during its latest […]

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Story of the Week Spanish cosmetics group Puig seeks at least $2.7 bln in local IPO Cosmetics group Puig, owner of brands such as Carolina Herrera, Rabanne and Charlotte Tilbury, announced plans to raise more than 2.5 billion euros ($2.71 billion) in Spain’s largest initial public offering in almost a decade. The family-owned company aims […]

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