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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.
Tesla reports surprise increase in car sales in the third quarter
Tesla Q3 sales rose 7% to 497,099 vehicles, rebounding after declines as buyers rushed to use the expiring $7,500 EV credit.
Fired Surface Transportation Board member sues Trump over his dismissal ahead of rail merger review
Robert Primus sues Trump, claiming his firing from the Surface Transportation Board threatens the board’s independence.
AOL officially ends dial up internet service after decades
AOL has officially shut down its dial-up internet service, marking the end of an era that first connected millions to the web.
Shutdown halts key economic data as Fed weighs rate cuts
The government shutdown delays jobs and inflation reports, leaving the Fed with less data as it considers more rate cuts.
Supreme court lets Lisa Cook stay on Fed board for now
The Supreme Court allows Lisa Cook to remain on the Fed board while Trump’s effort to fire her heads to arguments in January.
Senate deadlock extends Trump-era government shutdown
U.S. shutdown begins after Senate gridlock on health care, furloughing 750,000 workers and raising fears of nationwide economic fallout.
Pfizer agrees to lower drug costs, $70B US investment
Pfizer will lower drug costs for Medicaid and invest $70B in U.S. manufacturing under a deal announced with President Trump.
CoreWeave signs $14 billion AI infrastructure deal with Meta
CoreWeave will provide Meta $14B in AI cloud computing power through 2031, boosting share prices and fueling AI infrastructure growth.
US consumer confidence falls on inflation, weak jobs
Job openings stayed at 7.23M in August as hiring slowed. Layoffs eased but quits fell amid Fed cuts, trade tensions, and shutdown risk.
