September payrolls rise just 29,000, unemployment climbs to 4.2%, far below forecasts
The weak jobs report cooled bets on a Fed rate hike and lifted stocks, with the soft labor market also a political flashpoint ahead of the midterms.
CNBC · +15 outlets
Bessent downplays rising Treasury yields and AI bubble worries as 5% yields test markets
Rising long-term yields and inflation that has outpaced wage growth are pressuring stocks, bonds and consumer finances.
CNBC · +4 outlets
G7 to release 100 million barrels of diesel reserves as fuel supplies tighten
Wars in Europe and the Middle East and a possible US export ban have driven a diesel market crunch, with EU officials set for crisis talks.
CNBC · +14 outlets
Trump taps Director of National Intelligence Jay Clayton as AI czar, WSJ reports
The move puts a sitting intelligence chief in charge of White House AI policy as the administration also forms a task force to assess technology risks.
CNBC · +4 outlets
Houthis claim missile and drone attack on Aramco facility in Riyadh
The strike adds to Middle East supply risk, though analysts say regional crude exports have recovered to near pre-war levels.
Investing · +14 outlets
Anthropic's $2 trillion IPO faces a Wall Street reality check
Questions mount over the AI developer's valuation as it also plans $100 million to train nearly 10,000 AI engineers.
The Times · +14 outlets
OpenAI safety employee resigns, saying the company's culture is broken
The departure adds to scrutiny of safety practices at leading AI labs as the company faces questions over its approach to AI risks.
Investing · +14 outlets
Boeing 737 Max software glitch not a flight-safety issue, FAA says, as airlines balk at upgrades
The regulator's finding comes as US carriers resist adopting Boeing's latest 737 Max software versions.
CNBC · +14 outlets
Middle East crude exports recover to near pre-war levels, but oil products still lag
Tanker flows through the Strait of Hormuz are normalizing even as refined product markets remain constrained.
Seekingalpha · +14 outlets
Amazon pledges $1B+ for data center communities as local backlash spreads globally
Communities in the US, Europe and Asia are pushing back over the costs of the AI infrastructure boom.
CNBC · +1 outlets
Boeing wins Navy F/A-XX next-generation fighter jet competition
The contract win reshapes the US aerospace landscape and stings rival Northrop Grumman.
SlashGear · +14 outlets
Ynon Kreiz named co-CEO of combined Paramount and Warner Bros. under David Ellison
The Mattel chief's appointment answers a governance question for Ellison's soon-to-be-merged company, which faces debt concerns.
CNBC · +14 outlets
Tesla's Cybercab has rocky first month in Austin as robotaxi expansion looms
Musk's effort to move beyond auto sales hinges on the Cybercab, whose launch comes as quarterly deliveries disappointed.
CNBC · +4 outlets
UAE says FlyDubai co-pilot's axe attack on pilot was attempted terrorist act
Prosecutors say the co-pilot tried to seize control of the aircraft after attacking the pilot with a crash axe.
CNBC · +13 outlets
Mortgage rates above 7% trap homeowners in sub-4% loans and curb renovations
The largest weekly mortgage-rate gain in four years is freezing moves and making home equity borrowing costly.
CNBC · +1 outlets
Lilly and Novo bet on amylin drugs as obesity market moves past GLP-1s
A rival candidate delivered 25% weight loss at its highest dose in a Phase 3 trial.
CNBC · +14 outlets
CME plans compute futures as Wall Street builds a market for AI capacity
A futures market in AI compute would let data center operators and hosts hedge capacity and GPU price swings.
Financial Times
Disney cuts 300 jobs in TV restructuring as streaming streamlining continues
The layoffs come as Disney restructures its television business and licenses titles including Ice Age to Netflix.
Yahoo Finance · +2 outlets