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Markets reacted to a weak US jobs report with volatility hitting major indices. While the Dow and S&P 500 edged down, tech stocks like Broadcom surged on AI chip growth. Investors are pricing in aggressive Fed rate cuts amid economic uncertainty.
Tesla proposes an unprecedented pay package for CEO Elon Musk that could make him the world’s first trillionaire, contingent on aggressive company milestones over the next decade.
$1.5 billion – Settlement amount Anthropic agreed to pay authors in AI copyright lawsuit.
Anthropic settles a landmark $1.5 billion copyright lawsuit with authors over use of pirated books to train AI chatbots, signaling a new era in AI and creative rights.
US labor market shows signs of significant cooling with disappointing August jobs report, fueling expectations for imminent Federal Reserve rate cuts.
Broadcom Soars on Record AI Chip Demand and $10B OpenAI Deal
Broadcom earns a strong beat fueled by surging AI semiconductor sales and secures a $10 billion order from OpenAI, boosting confidence in its growth trajectory.
More on 247wallst.com
US immigration enforcement intensifies with large-scale raid at Hyundai battery plant in Georgia detaining hundreds, including many South Korean nationals, prompting diplomatic concerns.
US President Trump signs executive order renaming Department of Defense as Department of War, stirring political debate over military branding and symbolism.
US August Jobs Report Disappoints, Raises Recession Fears
The US economy added only 22,000 jobs in August, far below expectations, signaling a slowdown and fueling fears of a potential upcoming recession.
More on nytimes.com
European Union fines Google nearly €3 billion for antitrust violations related to its digital advertising dominance, igniting trade tensions with the US.
Wall Street adjusts to a weakening US job market with stocks dipping amid uncertainty over Federal Reserve’s next moves and economic growth prospects.
Trump administration renames Department of Defense as Department of War; Green light given for Trump’s rollback of airline passenger compensation rules; EU fines Google €2.95B for antitrust breaches.
Broadcom reports strong earnings led by surging AI chip demand and secures a $10 billion deal with OpenAI, positioning itself as a top AI semiconductor player.
Federal courts and judges push back against Trump administration policies expanding executive power, highlighting tensions over legal limits and rule of law.
“Tesla’s new pay package is a monument to ambition and risk — a trillion-dollar bet on the future.”
— Market Analyst
Navy SEALs’ failed 2019 mission in North Korea resulted in civilian deaths and raised questions about military oversight and operational secrecy.
OpenAI faces scrutiny from attorneys general over chatbot safety amid reports linking ChatGPT usage to multiple deaths; regulators warn AI firms to improve safeguards.
Robinhood and AppLovin to join the S&P 500 index, marking significant milestones for fintech and ad tech firms in the US stock market.
Canada’s economy struggles as unemployment rises to a nine-year high outside the pandemic with significant job losses, raising concerns about economic resilience amid tariffs.
Federal Reserve officials including FedWatch’s Ben Emons discuss options for upcoming rate cuts amid mixed economic signals and weak jobs data reinforcing a dovish outlook.
US technology industry executives, including CEOs of Meta, Apple, Microsoft, and Tesla, met at White House dinner hosted by President Trump to discuss investments and AI development.
OPEC+ plans production increases amid weakening global demand for crude oil, intensifying pressure on oil prices and market stability.
Legal battles and policy challenges escalate around Trump’s trade tariffs, foreign aid cuts, and Supreme Court rulings impacting US trade and immigration enforcement.
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