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Apple Aims to Make a Quarter of the World’s iPhones in India Supplier Foxconn plans to build more factories and give India a production role once limited mostly to China. KKR Bids $1.6 Billion for U.K.’s Smart Metering Systems The buyout firm sees the business as a key player in the transition to renewable energy.…

The number of new unemployment benefit claims by Americans saw a slight increase last week, which was lower than expected, as the labor market gradually slows down due to declining demand. According to the Labor Department’s report on Thursday, initial claims for state unemployment benefits rose by 1,000 to a seasonally adjusted 220,000 for the…

Oil prices regained some ground after falling to their lowest levels since July earlier this week. Following OPEC+’s output cuts announcement, which left traders broadly disappointed, concerns around weakening demand and an oversupplied market remained. Meanwhile, the latest EIA report showed U.S. crude oil inventories fell more than expected last week but gasoline and distillate…

November was a very negative month for the dollar, with the DXY index falling by almost 4%, and the near-term outlook isn’t much better due to evidence of a weakening economy, Natixis Research said. “In an environment of soft landing for the economy and a potentially substantial cut in Fed Funds rates, the dollar will…

Stock futures were little changed on Thursday as global bond yields rose and traders eyed two more jobs reports that may impact the chances of the Fed cutting interest rates next year. Investors will wish to see confirmation from Thursday’s weekly unemployment claims data, and Friday’s nonfarm payrolls report, that the slower jobs market will…