PODCAST: What’s News in Markets: Nvidia Selloff, JetBlue Soars, U.S. Steel Deal
What’s causing Nvidia’s recent decline? And how did a summer tech outage help JetBlue? Plus, why is deal uncertainty weighing on U.S. Steel? Host Francesca
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US Services Activity Expands at Modest Pace for Second Month – Bloomberg
The US services sector expanded at a modest pace for a second month in August as a measure of employment effectively stagnated and order backlogs
US, Britain and Brussels to sign agreement on AI standards – The Financial Times
The three major western jurisdictions building technologies for artificial intelligence have signed the first international treaty on the use of AI that is legally binding,
OPEC+ extends oil output cuts again through November – CNN
The Organization of the Petroleum Exporting Countries and its allies — the coalition of the world’s top oil producers known as OPEC+ — said Thursday
German Factories Get Unexpected Demand Boost From Big-Ticket Orders – WSJ
Orders at German factories rose unexpectedly in July, adding to the previous month’s rise and offering a rare bright ray for the troubled manufacturing sector.
Nvidia has more than just billions of dollars in value to lose if its stock keeps falling – CNN
Nvidia, the nearly $3 trillion AI chip maker, is well known as a “golden handcuffs” employer. Expect long hours, screaming-match meetings, a CEO who believes
Lessons from the great inflation
The speech by Jay Powell, chair of the Federal Reserve, at the Jackson Hole Economic Symposium last month was as close to a paean of
PODCAST: At the Money: The Best Way to Buy a House
Buying a house in today’s climate can be challenging. Interest rates are near the highest level in 20 years. Housing inventory is near record lows.
How Immigration Remade the U.S. Labor Force – WSJ
The U.S. is experiencing its largest immigration wave in generations, driven by millions of people from around the world seeking personal safety and economic opportunity.
The Brutal Economics of Reaching Net Zero – Bloomberg
Last year, at the 28th annual United Nations Climate Change Conference, almost 200 countries pledged to help reach “net zero”—the point at which human civilization