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Recent US labor market data shows a slowdown, with initial unemployment claims rising to the highest since October 2021. The Bureau of Labor Statistics (BLS) faces criticism after revising job creation figures downward by 911,000, raising concerns over data accuracy and political influence. The firing of BLS head McEntarfer highlights tensions over data integrity. Today's date & time: Thu, 18 Sep 2025 14:25:38 +0100.
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Rising tariffs continue to affect US manufacturing, retail, and tech sectors. Companies face higher costs, supply chain disruptions, and delays. Despite trade negotiations, uncertainty persists, influencing holiday sales forecasts and prompting firms to adopt AI tools to mitigate costs. The US trade landscape remains volatile as tariffs evolve.
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As of late October 2025, major financial institutions including the Bank of England and IMF warn that soaring valuations in AI-driven tech stocks resemble the 2000 dotcom bubble peak. The S&P 500 is heavily concentrated in a few AI-focused firms, raising risks of a sharp market correction. Despite this, industry leaders emphasize AI's transformative potential and ongoing infrastructure investments.
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Four months after a £40bn investment announcement, the UK government faces scrutiny over its heavy reliance on Amazon Web Services (AWS). A major outage affected thousands of UK and global users, highlighting risks linked to concentrated cloud services and raising questions about resilience and working conditions within Amazon.
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Major US financial firms are expanding into Texas, with Goldman Sachs building a Dallas campus and JPMorgan Chase opening a new Manhattan headquarters. Fort Lauderdale is developing a new office district, reflecting a broader shift in the US financial landscape amid political and economic changes.
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New documents reveal JP Morgan flagged over $1bn in transactions linked to Jeffrey Epstein in 2019, including wire transfers to Russian banks. The reports also mention connections to prominent figures, raising questions about regulatory oversight and bank accountability following Epstein's death and subsequent legal actions.
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Leading companies including Microsoft, JPMorgan, Walmart, and Goldman Sachs are rapidly expanding their AI initiatives. They focus on in-house model development, workforce training, and integrating AI into operations, amid ongoing debates about job impacts and strategic advantages. The story highlights recent investments, partnerships, and workforce transformations as of November 2025.
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As of November 17, 2025, New York City Mayor-elect Zohran Mamdani confirmed outreach to the White House for a meeting with President Donald Trump. Despite months of mutual criticism, including Trump's threats to cut federal funding and question Mamdani's citizenship, both leaders express willingness to discuss city issues like affordability. Mamdani remains committed to opposing policies harming New Yorkers while seeking cooperation where possible.