Global markets react to soft US job growth and rising energy costs as major international industries undergo significant structural shifts.
Key Points
The U.S. unemployment rate rose to 4.2 percent in the final jobs report before the November midterms, leading investors to scale back expectations for a Federal Reserve interest rate hike in October.
In a coordinated effort to mitigate surging energy prices, the G7 nations have agreed to release 100 million barrels of diesel and oil reserves over the next four months.
The entertainment industry is undergoing a major consolidation as Warner Bros. and Paramount merge to form a new company, Skydance, under the leadership of David Ellison.
AMD has reached an agreement to acquire World Labs, an AI start-up founded by computer scientist Li Fei-Fei, for $8.2 billion, intensifying the competitive race against Nvidia.
The FDA confirmed the presence of Cyclospora in a Taylor Farms facility in Mexico, providing critical evidence regarding the origin of the widespread foodborne illness outbreak.
Amazon has officially stopped using nondisclosure agreements (NDAs) with local officials for its data center projects, following increasing community backlash and regional development moratoriums.
China’s domestic smartphone market shows signs of recovery as Apple claimed the top sales spot following the launch of its iPhone 18 Pro series.
Disney President Dana Walden addressed internal layoffs, describing the staff reductions as painful but essential measures required for the company's long-term financial survival.