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China's economy slowdown deepens in August with retail sales, industrial output missing expectations CNBCChina's Economy Suffers Another Setback as Investment Slumps Bloomberg.comChina retail sales and factory output grow at slowest pace this year Financial TimesChina's economy slumps in August as consumer, export demand sags Reuters
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Polymarket Accepting Bets on Kirk Shooting Investigation The Daily Beast‘Demon Slayer: Infinity Castle' slashes 26-year box office record and tops weekend box office CNNWeekend Box Office: Demon Slayer Dominates with Biggest Anime Opening of All Time Rotten Tomatoes‘Demon Slayer: Infinity Castle' Sky High In Sony Expansion; ‘Conjuring: Last Rites' Communes With $330M WW & 'Downton Abbey' Finale Brings Home $30M Bow - International Box Office Deadline
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‘Demon Slayer: Infinity Castle' Sky High In Sony Expansion; ‘Conjuring: Last Rites' Communes With $330M WW & 'Downton Abbey' Finale Brings Home $30M Bow - International Box Office Deadline‘Demon Slayer: Infinity Castle' slashes 26-year box office record and tops weekend box office CNNWeekend Box Office: DEMON SLAYER Scores Record Anime Debut in North America Boxoffice ProDemon Slayer: Kimetsu no Yaiba Infinity Castle English Dub Video Goes Behind the Scenes Crunchyroll
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Stocks jumped out of the gate Friday after the release of the August jobs report. But enthusiasm from the few investors that stuck around ahead of the long holiday weekend didn't last, with all three indexes ending in the red.
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The Labor Department this morning said the U.S. added 315,000 new jobs in August, well below July's 526,000. Also in the jobs report: the unemployment rate edged up to 3.7% from 3.5%; the labor participation rate, or the number of people actively seeking work, improved to 62.4% from 62.1%; and average hourly earnings - a key measure of labor cost inflation - was up 5.2% year-over-year, same as it was in July.
"Friday's jobs data provided some moderate relief, with payrolls almost landing precisely on consensus at 315,000 in August," says Douglas Porter, chief economist at BMO Capital Markets." While no doubt a solid advance - and completely inconsistent with recession chatter - other aspects of the report sent some calming signals." Porter points to steady wage growth, an increasing labor force and the rising unemployment rate that suggest "the extreme tightness in the job market may be beginning to moderate - almost exactly what the Fed doctor ordered."
Still, the major indexes, after being up more than 1% each around lunchtime, swung lower in afternoon trading after news reports indicated Russian energy giant Gazprom will indefinitely suspend operations of a natural-gas pipeline to Germany.
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By the close, the Nasdaq Composite was down 1
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