American financial data and software company
July's jobs report has shown the unemployment rate falling to about 4.1% while long-term unemployment has dropped to roughly 1.8 million. Economists say the decline has been driven by 264,000 people leaving the labor force and a five-year low in participation, signaling discouraged jobseekers rather than stronger hiring.
McDonald’s has reported slower US comparable sales growth in the latest quarter as higher prices squeeze lower-income diners. The chain is restoring digital offers and rolling out targeted loyalty promotions while naming a new US leader to accelerate execution. Global sales rose modestly, with international markets also easing.
Retailers are expanding same‑day delivery with new three‑hour options backed by store fleets. Home Depot, Target, Walmart and others are pushing speed, while pilots and pricing spark debate about accessibility and costs.
Nvidia has reported record quarterly revenue and profit, powered by demand for AI data-center chips. The company projects further gains, citing supply constraints and a booming AI market, while investors await next steps in its expansive AI economy strategy.
A wave of higher borrowing costs is squeezing budgets as the AI buildout accelerates, with authorities signaling tighter policy ahead. Officials face pressure to balance growth and inflation, while bond markets push yields higher amid renewed funding needs.
Surging mortgage rates have led to a slowdown in homebuying activity as inventories rise. Across multiple outlets, data show higher rates pushing buyers out of the market, while prices stay elevated.
The US labor market has expanded in August, with 162,000 jobs added and the unemployment rate steady at 4.1%. Revisions to June and July numbers lift the three-month payroll gain, while gains are led by local government education and bars/restaurants. The data points to a persistent-but-modest hiring pace amid geopolitical strain and AI-related changes.
A run of fresh data shows the UK labour market remains resilient despite signs of cooling. Payrolls edge down; unemployment holds at 4.9%; wage growth remains mixed across private and public sectors, with vacancies at a post-pandemic low.
Bank of America, Morgan Stanley and peers are delivering Q3 results amid a backdrop of higher interest rates and volatile markets. Analysts expect mixed outcomes on revenue and profits, with trading and investment banking performance in focus across the sector.
Housing data shows September weakness across sales, starts and sentiment as higher mortgage rates and inflation bite. Pending sales fell to record lows, starts dropped, and builder confidence sunk, signaling a tougher 2027 for housing and construction.
Amazon has reinforced its AI-driven investment plan, forecasting more capital outlays in 2027 as it pushes AWS and AI infrastructure. Third-quarter results show AWS growth powering revenue while free cash flow remains negative amid heavy capex.
AMD has reported better-than-expected earnings driven by data center demand, with revenue up 45% year over year and data center sales nearly doubling. The company forecasts fourth-quarter revenue around $17 billion, with a gross margin near 55%. Analyst concern centers on demand trends and Intel’s guidance, as the AI chip race accelerates.