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Nvidia sales soar as AI chip demand beats forecasts
Nvidia’s AI chip sales surged past expectations, easing tech market jitters and lifting the stock more than 5% after its quarterly results.
Walmart posts strong quarter, raises financial outlook
Walmart beat expectations with strong sales and profits, raised its outlook, and announced plans to shift its stock listing to Nasdaq.
Verizon to cut 13,000 jobs in major restructuring
Verizon is laying off over 13,000 employees as the company restructures its workforce and cuts costs under new CEO Dan Schulman.
US employers added surprisingly solid 119,000 jobs in September
WASHINGTON (AP) — U.S. employers added a surprisingly solid 119,000 jobs in September, the government said, issuing a key economic report that had been delayed for seven weeks by the federal government shutdown. The increase in payrolls was more than double the 50,000 economists had forecast. Yet there were some troubling deta[...]
U.S. jobless claims fall as filings return after shutdown
US filings for jobless benefits remained in historically healthy range during government shutdown
Fed minutes: Most officials supported more rate cuts but not necessarily in December
WASHINGTON (AP) — A majority of Federal Reserve policymakers expressed support in late October for further interest rate cuts, though not all committed to making the reduction at their next meeting in December, according to minutes released Wednesday. At the same time, many officials said “it would likely be appropriate” t[...]
Shutdown delays full October jobs report, Labor Dept. says
The Labor Department says the October jobs report won’t be released after the shutdown halted data collection.
Trump’s semiconductor tariff plan likely delayed, officials say
US officials signal Trump’s planned 100% semiconductor tariffs may be delayed as the administration weighs China tensions and consumer price risks.
Trump nominates new CFPB director
NEW YORK (AP) — President Trump nominated Stuart Levenbach as the next director of the Consumer Financial Protection Bureau, using a legal maneuver to keep his budget director Russell Vought as acting director of the bureau while the Trump administration continues on its plan to shut down the consumer financial protection agen[...]
US trade deficit drops 24% as tariffs cut imports
US trade deficit fell 24% in August as Trump’s global tariffs reduced imports, dropping the gap to $59.6B, Commerce Department reports.
Judge rules Meta is not a social media monopoly
A federal judge ruled Meta is not a social networking monopoly, defeating a challenge that could have forced divestiture of Instagram and WhatsApp.
Microsoft partners with Anthropic and Nvidia in cloud infrastructure deal
Microsoft said Tuesday it is partnering with artificial intelligence company Anthropic and chipmaker Nvidia as part of a cloud infrastructure deal that moves the software giant further away from its longtime alliance with OpenAI. Anthropic, maker of the chatbot Claude that competes with OpenAI’s ChatGPT, said it is committ[...]
