August private payrolls rose by 99,000, smallest gain since 2021 and far below estimates, ADP says
The total was less than the downwardly revised 111,000 in July and below the Dow Jones consensus forecast for 140,000.
AI gadgets have been a bust so far. Apple aims to change that
For Apple Intelligence to succeed, the iPhone maker has to convince its customers to pay up for AI-ready devices.
Layoffs jump in August while hiring in 2024 is at a historic low, Challenger report shows
Announced job cuts totaled 75,891 for the month, lurching 193% higher than July.
Amazon is ‘joint employer’ of some contracted delivery drivers, labor group says
The NLRB’s determination could force Amazon to come to the bargaining table if drivers opt to unionize.
U.S. safety regulator calls for probe of Temu, Shein over ‘deadly baby and toddler products’
Temu and Shein have shot to popularity in the U.S. over the past year due to their ultracheap apparel, electronics and home goods.
Nvidia says it didn’t receive antitrust subpoena from DOJ
“We have inquired with the U.S. Department of Justice and have not been subpoenaed,” an Nvidia representative said.
OpenAI co-founder Ilya Sutskever raises $1 billion for his new AI firm
OpenAI co-founder Ilya Sutskever raised $1 billion for his new AI firm Safe Superintelligence. Investors include A16, Sequoia, DST Global and SV Angel.
Amazon-backed Anthropic rolls out Claude AI for big business
Anthropic on Wednesday rolled out Claude Enterprise, its biggest new product since its chatbot’s debut.
Bond market ‘yield curve’ returns to normal from inverted state that had raised recession fears
The relationship between the 10- and 2-year Treasury yield briefly normalized Wednesday, reversing a classic recession indicator.
