Archive snapshot · Markets
Fri, Oct 2, 9:32 PM ET
September payrolls rise just 29,000, unemployment climbs to 4.2%, far below forecasts
The weak jobs report cools expectations for further Fed tightening but deepens concerns about softening US labor demand.
CNBC · +14 outlets
G7 to release up to 100 million barrels of diesel and crude reserves as fuel crunch bites
The coordinated reserve release aims to ease a diesel supply shock tied to wars in Europe and the Middle East.
CNBC · +14 outlets
Traders slash odds of an October Fed rate hike after soft jobs data
Falling rate-hike expectations drove a broad equities rally as yields retreated from multi-year highs.
CNBC · +14 outlets
Stocks close higher for the week as Nasdaq hits record; weak jobs data lifts rate hopes
A cooling labor market and retreating yields pushed the S&P 500, Nasdaq and Dow up on the week, with Nvidia leading chip gains.
Invezz · +14 outlets
Oil prices fall as G7 pledges diesel stock release and Saudis plan Houthi strikes
Crude retreated as the G7 announced reserve releases and traders weighed potential supply shifts in the Middle East.
CNBC · +8 outlets
Western Digital and Seagate tumble as Toshiba plans to double hard drive supply
Investors fear Toshiba's storage expansion will erode the pricing power that has lifted both drive makers.
MarketWatch · +9 outlets
Tesla Q3 deliveries beat estimates, but Cybertruck sales fall sharply
Tesla posted its best quarterly sales of the year while the Cybertruck's volumes continued to decline.
MarketWatch · +14 outlets
Nike shares slide on weak revenue outlook and restructuring layoffs
The retailer's turnaround plan includes further job cuts as it warns of a changing operating model.
CNBC · +14 outlets
DOJ says it will not reopen criminal probe into former Fed Chair Powell
The decision follows a Fed inspector general report finding no grounds for a criminal referral over the headquarters renovation.
CNBC · +13 outlets
Middle East crude exports return to prewar levels as Strait of Hormuz flows normalize
Recovering oil supply reduces the risk premium that had built up during the Iran conflict.
BBC · +14 outlets
Cerebras hits post-IPO low, down 20% for the week on Nvidia pressure and lockup expiry
The AI chipmaker's shares slumped as competition from Nvidia intensified and early investors sold after the lockup ended.
CNBC · +5 outlets
Novartis to license drug from China's Abogen in deal worth up to $7.8 billion
The tie-up underscores Western pharma's growing reliance on Chinese biotech innovation ahead of the patent cliff.
CNBC · +14 outlets
France debt crisis deepens as investors price in rising default odds
French bonds sold off as political gridlock and fiscal slippage raised concerns about creditworthiness.
Fortune · +4 outlets
Ford holds No. 3 US sales spot in Q3, fending off Hyundai
Ford reported a 6.6% year-over-year sales decline but signaled a stronger fourth quarter.
CNBC · +4 outlets
FAA says Boeing 737 MAX software glitch is not a safety issue
The regulator's finding eases concerns about a bug affecting certain landing procedures on the 737 MAX 10.
CNBC · +14 outlets
Amazon to invest $1 billion in data center communities amid rollout backlash
The commitment responds to local opposition over power, water and land use tied to AI infrastructure.
AP News
Mortgage rates surge to highest level since 2023 as bond yields spike
Rising Treasury yields pushed borrowing costs higher, cooling already soft housing demand.
Fox Business

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