U.S. News
Trump and Xi are set to meet in DC. Why some China watchers have low expectations
Trump’s summit with Xi is expected to take place less than six weeks before the U.S. election, with polls showing Democrats favored to make gains in Congress.
Broadcom delivers strong earnings view as CEO touts growth with AI labs
Broadcom gave a disappointing revenue forecast for the current quarter but provided robust earnings guidance for fiscal 2028.
USTR’s Greer huddles with House Republicans amid Trump trade spats
Trump’s plan to lower tariffs on 300,000 metric tons of imported beef caused an uproar among cattle ranchers.
Microsoft to start disclosing Azure quarterly revenue as company consolidates business units
Microsoft will begin reporting quarterly Azure revenue in dollars for the first time, providing more clarity about its business that competes with AWS.
Snowflake spikes 22% on healthy results and AI coding momentum
Snowflake business is growing quickly, in part thanks to adoption of an artificial intelligence agent for writing code.
Judge refuses to block Arkansas news reporting on Google data center energy documents
Entergy Arkansas said the documents cited by the Arkansas Democrat-Gazette contained “trade secrets” and “highly sensitive protected information.”
States now must report undocumented immigrants to DHS or risk federal funding, DOJ says
The new DOJ opinion relates to funding states get for Temporary Assistance for Needy Families and the Supplemental Security Income programs.
Trump floats renaming Strait of Hormuz the ‘Trump Strait’
U.S. Energy Secretary Chris Wright told CNBC that more than 17 million barrels of oil transited the strait on Monday, a wartime record.
Southwest to debut airport lounges in four cities, with more to come
The airline is partnering with Chase on the effort, saying it wants to build on that company’s Sapphire Reserve Lounge Network.
New York Fed’s Williams says yield surge due to strong economic prospects
New York Fed President John Williams said higher Treasury yields reflect a strong economy as he weighs whether another interest rate hike is needed.
Uber to cut 10% of workforce in bid to move ‘simpler and faster’
Uber is cutting small teams by nearly half and allowing about 1% of its workforce to continue working remotely.
Private payrolls rose by 38,000 in August, less than expected, ADP reports
Though job creation held positive, August was the smallest gain since January and reflective of a broader slowdown in the labor market.
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