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US jobless aid applications retreat to 231,000 after surging to nearly 4-year high a week earlier

The number of Americans applying for jobless aid last week retreated significantly after surging to a nearly four-year high a week earlier. U.S. filings for unemployment benefits for the week ending Sept. 13 fell by 33,000 to 231,000, the Labor Department reported Thursday. That’s less ...
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US Fed starts easing path, other major central banks on hold

By Sara Rossi LONDON (Reuters) -The U.S. Federal Reserve has delivered its first rate cut since December, diverging from most other major central banks that have kept interest rates unchanged. The Bank of England kept rates steady on Thursday and the Bank of Japan is ...
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Cracker Barrel shares slump as logo change blowback dents restaurant traffic

By Juveria Tabassum (Reuters) -Cracker Barrel shares fell nearly 10% before the bell on Thursday, after social media backlash around the restaurant chain’s short-lived decision to change its decades-old logo hit customer traffic and prompted it to scrap store remodel plans. The company was forced to ...
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China’s DeepSeek says its hit AI model cost just $294,000 to train

By Eduardo Baptista BEIJING (Reuters) -Chinese AI developer DeepSeek said it spent $294,000 on training its R1 model, much lower than figures reported for U.S. rivals, in a paper that is likely to reignite debate over Beijing’s place in the race to develop artificial intelligence. The ...
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Nvidia to invest $5 billion in Intel; companies will work together on AI infrastructure and PCs

NEW YORK (AP) — Nvidia, the world’s leading chipmaker, announced on Thursday that it’s investing $5 billion in Intel and it will collaborate with the struggling semiconductor company on products. Nvidia and Intel will team up to work on custom data centers that form the ...
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Morning Bid: Wall St rallies after post-Fed hesitation

By Mike Dolan LONDON (Reuters) – What matters in U.S. and global markets today By Mike Dolan, Editor-At-Large, Finance and Markets U.S. markets stumbled on Wednesday after the Federal Reserve delivered its expected first interest rate cut of the year, but stock futures ...
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Meta in talks with Axel Springer, Fox and others on AI news licensing, WSJ reports

(Reuters) -Meta Platforms has been in talks in recent months with media firms including Axel Springer, Fox Corp and News Corp to license news content for integration into its AI products, the Wall Street Journal reported on Thursday. The discussions have centred on licensing ...
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Bank of England slows pace of QT, skews away from long-dated gilt sales

LONDON, September 18 (Reuters) – The Bank of England kept rates unchanged on Thursday and said it was slowing the pace of its quantitative tightening programme and skewing sales away from long-dated gilts to minimise the impact on turbulent bond markets. Policymakers voted 7-2 to ...
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DuPont cuts third-quarter profit forecast

(Reuters) -DuPont said on Thursday it has cut its third-quarter adjusted profit forecast to reflect the impact of reclassifying its heat resistant fiber brand, Aramids, as discontinued operations. It expects adjusted profit of $1.06 per share for the third quarter, compared with its earlier forecast ...
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Nvidia bets big on Intel with $5 billion stake and chip partnership

SAN FRANCISCO (Reuters) -Nvidia on Thursday said it will invest $5 billion in Intel, throwing its heft behind the struggling U.S. chip foundry, but stopped short of giving Intel a crucial manufacturing deal. The pact, which also includes a plan ...
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How Huawei plans to outperform global tech leaders with less powerful chips

BEIJING (AP) — China’s Huawei Technologies said Thursday that it would roll out the world’s most powerful AI computing clusters over the next two years as it seeks to outperform global leaders despite relying on less powerful domestic semiconductors. China is racing to develop its ...
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Asian shares mostly climb after US stocks remained near record levels following the Fed’s rate cut

MANILA, Philippines (AP) — Asian shares, led by tech stocks, were mostly higher Thursday after Wall Street indexes churned between gains and losses but ultimately remained near their record levels following the Federal Reserve’s decision to cut its main interest rate. Japan’s Nikkei 225 rose ...
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