TREASURIES-U.S. yields extend rise after ADP U.S. jobs data

NEW YORK, Sept 5 (Reuters) – U.S. Treasury yields added to their earlier increase on Thursday as payroll processor ADP said U.S. private employment grew at its fastest pace in four months in August, beating analyst expectations.

At 8:27 a.m. (1227 GMT), the yields on benchmark 10-year Treasury notes were up 7.10 basis points at 1.530%. (Reporting by Richard Leong Editing by Chizu Nomiyama)

Camila Cabello is ‘Shameless,’ a ‘Liar’ on two new songs

Fresh off hitting No. 1 last week with “Senorita,” her collaboration with her rumored beau Shawn Mendes, Camila Cabello shared two new songs on Thursday, “Shameless” and “Liar,” 

Over on Instagram, Cabello shared that the two new songs are from her “new project, ‘Romance,’ ” with a press release confirming that “Romance” will be the title of her sophomore album, the follow-up to her 2018 debut “Camila.”

The 22-year-old also shared a music video for “Shameless,” an evocative clip directed by Henry Scholfield, who previously worked on videos with Billie Eilish, Rosalia and Dua Lipa.

Back in June, Cabello shared a status update with her fans on her new album, writing on Twitter about her emotional writing process. 

“Listening back to the songs I’ve written for this album so far and I just burst into sobs,” she tweeted. “It feels really surreal and powerful that I can listen back to my life over the past year – I always get so insecure during the process and feel so much self doubt, but listening back I just feel like… at the very least, I hear my (expletive) soul in these songs.”

Fans will get to see Cabello’s live take on the new songs when she performs on “Saturday Night Live” on Oct. 12.

See our full coverage of entertainment news.

U.S. Weekly Jobless Claims Show Modest Increase

The Labor Department released a report on Thursday showing a modest increase in first-time claims for U.S. unemployment benefits in the week ended August 24th.

The report said initial jobless claims inched up to 215,000, an increase of 4,000 from the previous week’s revised level of 211,000.

Economists had expected jobless claims to climb to 215,000 from the 209,000 originally reported for the previous week.

Meanwhile, the Labor Department said the less volatile four-week moving average edged down to 214,500, a decrease of 500 from the previous week’s revised average of 215,000.

The report said continuing claims, a reading on the number of people receiving ongoing unemployment assistance, rose by 22,000 to 1.698 million in the week ended August 17th.

The four-week moving average of continuing claims still slipped to 1,697,250, a decrease of 250 from the previous week’s revised average of 1,697,500.

Next Friday, the Labor Department is scheduled to release its more closely watched monthly employment report for August.

Brazil's Campos Neto says inflation well-anchored, scope for more rate cuts

BRASILIA, Sept 5 (Reuters) – Inflation in Brazil is well-anchored over the short-, medium- and long-term horizons, central bank president Roberto Campos Neto said on Thursday, giving policymakers room to reduce interest rates further.

Speaking at an event in Brasilia, Campos Neto also said the economy has under-performed and is going through its softest patch, but should recover in second half of year, most likely in the fourth quarter. (Reporting by Marcela Ayres Writing by Jamie McGeever)

John Wiley & Sons Cuts FY20 Adj. EPS Outlook – Quick Facts

While reporting financial results for the first quarter of fiscal 2020 on Thursday, research and education company John Wiley & Sons, Inc. (JW-A,JW-B) lowered its adjusted earnings guidance for the full-year 2020, while raising annual revenue outlook.

For fiscal 2020, the company now projects adjusted earnings in a range of $2.35 to $2.45 per share on revenues between $1.855 billion and $1.885 billion.

Previously, the company expected adjusted earnings in the range of $2.45 to $2.55 per share on revenues between $1.84 billion and $1.87 billion.

The guidance reflects the addition of zyBooks. Note, Knewton was included in the original outlook.

G-III Apparel Cuts FY20 Earnings Outlook – Quick Facts

While reporting financial results for the second quarter on Thursday, G-III Apparel Group, Ltd. (GIII) lowered its earnings guidance for the full-year 2020, while raising annual sales outlook.

For fiscal 2020, the company now projects earnings in the range $3.10 and $3.20 per share and adjusted earnings in the range of $3.15 to $3.25 per share on net sales of about $3.30 billion.

Previously, the company expected earnings in the range $3.19 and $3.29 per share and adjusted earnings in the range of $3.25 to $3.35 per share on net sales of about $3.28 billion.

For the third quarter, the company anticipates earnings in a range $1.85 to $1.95 per share and adjusted earnings in a range of $1.87 to $1.97 per share on net sales of about $1.17 billion.

The company said the guidance incorporates the expected impact of the additional tariffs implemented effective September 1, 2019 and expected to be implemented later this year. The prior guidance issued last quarter incorporated the effect of tariffs in effect at that time.

Tyler Perry Teams With Tim Palen To Launch New Production Company

American actor and filmmaker Tyler Perry partnered with Tim Palen, former executive of Lionsgate studio, to form a new production company, Peachtree & Vine Productions.

The new non-exclusive joint venture will create content for film, television and digital media in both the scripted and unscripted space.

Perry’s popular “Madea” film franchise was created by Lionsgate studio, where Palen was the head of marketing. Palen had marketed all films in the series. Palen left Lionsgate in January 2019 and founded Barnyard Productions.

Perry said in a statement, “Tim and I have had great success in our many years of working together – he truly understands my audience and my brand. I value his taste in material and his understanding of the current marketplace of film and television and I’m looking forward to continuing our work together.”

Palen said they have a number of projects on the anvil, that will be announced shortly.

Peachtree & Vine reportedly resembles famous streets in Perry’s hometown Atlanta as well as Hollywood, where Palen is based.