Fed officials sift through tea leaves of weak U.S. jobs report

Federal Reserve officials grappled on Tuesday with April's surprisingly weak employment growth, maintaining faith in the U.S. economic rebound but acknowledging the pace of the jobs recovery may prove choppier than anticipated.

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Missouri, Tennessee join U.S. states cutting pandemic payments

The governors of Missouri and Tennessee are joining five other Republican-led states in ending all federally funded pandemic-related unemployment benefits this summer, saying the extra money is keeping those out of work from rejoining the labor force and making it hard for employers to fill jobs.

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Pipeline outage causes U.S. gasoline supply crunch, panic buying

Gas stations from Florida to Virginia began running dry and prices at the pump rose on Tuesday, as the shutdown of the biggest U.S. fuel pipeline by hackers extended into a fifth day and sparked panic buying by motorists.

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Ford recalls 661,000 Explorer SUVs in North America

Ford Motor Co (F.N) is recalling 661,000 Explorer sport utility vehicles in North America at the request of U.S. regulators because retention pins could loosen and allow roof rail covers to detach from the vehicle.

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Clubhouse launches Android app as downloads plummet

Live audio app Clubhouse will begin introducing a test version of its app to Google's Android users in the United States on Sunday, the company said, in a potentially big expansion of its market.

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Knowns and unknowns about the hack at Colonial Pipeline

Ransom-seeking hackers have broken into Colonial Pipeline, prompting the company to shut one of America's major arteries for fuel delivery.

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Analysis: Fund managers see value, cyclical stocks running further despite slow U.S. jobs recovery

While some technology stocks got a boost Friday after a disappointing U.S. jobs report, some portfolio managers say that blow-out earnings from several large technology companies over the last few weeks are not enough to keep making outsized bets on the sector.

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U.S. hiring takes big step back as businesses scramble for workers, raw materials

U.S. job growth unexpectedly slowed in April, likely curbed by shortages of workers and raw materials as rapidly improving public health and massive government aid fueled an economic boom.

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Auto sector urges U.S. Congress to help fund its computer chip needs

The U.S. auto industry and United Auto Workers union on Friday urged Congress to tie billions of dollars in government funding to boost semiconductor production to help fill the needs of automakers forced to slash production because of chip shortages.

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U.S. SEC chair says reviewing short-selling, swap rules after GameStop, Archegos sagas

The U.S. securities regulator is considering measures to require big investors to disclose more about short positions, or bets that stocks will fall, use of derivatives to bet on other stock moves and to protect small investors from trading apps that use features common to video games in order to boost risky trading activity.

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