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Fewer Americans file for jobless benefits last week despite signs of a slowing labor market

WASHINGTON (AP) — U.S. jobless claim applications fell to their lowest level in two months last week as layoffs remain low despite mounting evidence of a softening labor market. The number of Americans filing for unemployment benefits for the week ending Sept. 20 fell by ...
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US economy expanded at a surprising 3.8% pace in significant upgrade of second quarter growth

WASHINGTON (AP) — An uptick in consumer spending helped the U.S. economy expand at a surprising 3.8% from April through June, the government reported in a dramatic upgrade of its previous estimate of second-quarter growth. U.S. gross domestic product — the nation’s output of goods ...
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On North Carolina’s rivers and streams, the cleanup of Helene’s fury seems never-ending

WOODFIN, N.C. (AP) — Bracing himself against the current in waist-deep water, Clancy Loorham wrestles a broken length of PVC pipe from the rocky bottom of the French Broad River and peers inside. “I got a catfish in the pipe,” the 27-year-old with wispy beard ...
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Ticketmaster to give fans more information after uproar in way Oasis tickets were sold in the UK

LONDON (AP) — A company that came under fire during the sale of tickets for British rock band Oasis’ reunion concerts this summer committed Thursday to a series of changes that aim to prevent fans being shocked by the price they end up paying. Following ...
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US second-quarter GDP growth revised sharply higher

WASHINGTON (Reuters) -The U.S. economy grew faster than previously thought in the second quarter, pumped up by an ebb in imports and a pickup in consumer spending, but momentum appears to have since slowed.  Gross domestic product increased at an upwardly revised 3.8% annualized rate ...
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White House adviser Hassett cites enormous progress on China-US trade talks

WASHINGTON (Reuters) -White House economic adviser Kevin Hassett on Thursday said the U.S. has made enormous progress on trade talks with China in the last few months but considerable work remains. U.S. President Donald Trump and Chinese President Xi Jinping are discussing a range of ...
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Exclusive-CoreWeave expands OpenAI pact with new $6.5 billion contract

By Krystal Hu (Reuters) -AI cloud provider CoreWeave has expanded its partnership with OpenAI in a new deal worth up to $6.5 billion, bringing the total value of their agreements to $22.4 billion, the latest in a series of billion-dollar deals OpenAI has signed to ...
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Bosch to cut 13,000 jobs to bring down costs in tough autos market

BERLIN (Reuters) -Germany’s Robert Bosch will cut 13,000 jobs as the world’s top autos supplier battles a sluggish market, high costs and pressure from rivals that have left it with an annual cost gap of 2.5 billion euros ($2.9 billion), it said on Thursday. The ...
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Fed’s Schmid says rate cut was right move to offset job market risks

By Michael S. Derby (Reuters) -Federal Reserve Bank of Kansas City President Jeffrey Schmid said on Thursday that last week’s central bank interest-rate cut was needed to help ensure that the job market remains in a good place. While the economy is currently in a pretty ...
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Databricks, OpenAI team up to deliver AI models for enterprise clients

(Reuters) -Analytics firm Databricks said on Thursday it has partnered with OpenAI to integrate the ChatGPT maker’s artificial intelligence models into its platforms for enterprise customers. As part of the agreement, OpenAI’s AI models will be built directly into Databricks’ cloud platform for enterprise data ...
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Starbucks to lay off 900 workers, close stores

(NEW YORK) -- Coffee giant Starbucks will lay off workers and close stores as part of a $1 billion restructuring plan, CEO Brian Niccol said in a memo to employees on Thursday.The company will slash 900 employees at its stores in North America, Niccol ...
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US core capital goods orders unexpectedly rise in August

WASHINGTON (Reuters) -New orders for key U.S.-manufactured capital goods unexpectedly increased in August, but a decline in shipments of these goods suggested a moderate pace of growth in business spending on equipment this quarter. Non-defense capital goods orders excluding aircraft, a closely watched proxy ...
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