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SoftBank to buy ABB robotics unit in $5.4B AI push
SoftBank will acquire ABB’s $2.3B robotics unit for $5.4B, advancing its AI strategy while ABB refocuses on electrification.
IMF chief warns global economy faces lasting uncertainty
WASHINGTON (AP) — The global economy is holding up better than expected despite major shocks such as President Donald Trump’s tariffs, but the head of the International Monetary Fund says that resilience may not last. “Buckle up,” Managing Director Kristalina Georgieva said in a speech at a think tank Wednesda[...]
Francine the Lowe’s cat returns home after NC adventure
Francine the calico cat is back at a Virginia Lowe’s after hopping a truck to North Carolina and being rescued by employees.
Trump, Carney discuss future of U.S.-Canada trade deal
Trump signals openness to extending USMCA or pursuing new trade deals as Canadian PM Carney visits White House to ease tensions.
Gold futures rise above $4,000 per ounce for the first time
Gold futures surged past $4,000 per ounce as investors sought safe havens amid the U.S. government shutdown and global economic worries.
Navajo firm wins $186K bid for Montana coal lease
Navajo Transitional Energy Co. bid $186,000 to lease 167M tons of coal in Montana, the largest U.S. coal sale in over a decade.
Texas Stock Exchange wins approval, set to launch in 2026
Federal regulators approved the Texas Stock Exchange, backed by BlackRock and Citadel, aiming to rival NYSE and Nasdaq next year.
Lack of jobs data due to government shutdown muddies the outlook for hiring and the economy
The government shutdown has delayed September’s jobs report, forcing economists and the Fed to rely on private data to gauge hiring trends.
Nvidia and Fujitsu partner on AI infrastructure in Japan
Nvidia and Fujitsu announced a partnership to build AI infrastructure in Japan, aiming to advance robotics, health care and more by 2030.
Hopes fade for quick end to shutdown as Trump readies layoffs and cuts
The U.S. government shutdown enters day three as Democrats demand ACA tax credit extensions and Trump threatens federal layoffs, cuts.
With the US government dark, alternate sources show a sluggish September for jobs
With official data delayed by the shutdown, alternate reports show a stagnant U.S. job market and support for another Fed rate cut.
Berkshire Hathaway to pay $9.7 billion for OxyChem, potentially Buffett’s last big deal
Berkshire Hathaway will acquire Occidental’s chemical unit for $9.7B, a major deal as Warren Buffett signals succession to Greg Abel.
