(Reuters) -The U.S. jobless rate likely edged up in October to the highest in four years as the hiring rate for unemployed workers slowed and the rate of layoffs and other job separations increased, according to an estimate by the Chicago Fed released Thursday. The regional Fed bank estimated the unemployment rate climbed to 4.36% …
US unemployment rate rounds up to 4.4% in October, Chicago Fed estimates Read More »
(Reuters) -Public support remains strong for extending the Obamacare tax credits, which have been central to the U.S. government shutdown due to disagreements over their inclusion in funding packages, according to a new poll from research firm KFF. The poll found that about three-quarters or 74% of U.S. adults are in favor of extending the …
(Reuters) -Datadog forecast fourth-quarter earnings above Wall Street estimates on Thursday, betting on strong demand for its cloud-security products from businesses adopting artificial intelligence technology. Shares of Datadog, which have risen 8.5% so far this year, gained nearly 10% in premarket trading. Growing AI use and cloud migration are driving demand for Datadog’s monitoring and …
Datadog forecasts strong fourth-quarter earnings on AI-driven security demand Read More »
(Reuters) -EPAM Systems raised its annual earnings forecast for the third time this year as businesses spend more to modernize their systems for artificial intelligence, sending shares of the IT consultancy firm 4% higher in premarket trading on Thursday. Enterprises overhauling their legacy systems in a move towards cloud computing, automation and AI have bolstered …
EPAM raises 2025 forecasts on strong IT services spending Read More »
By Eric Onstad LONDON (Reuters) -Chemicals group Solvay would be interested in building a rare earths processing plant in the United States, where financial support is stronger than in Europe, its CEO said on Thursday. Solvay, one of a few companies outside of China capable of the complex rare earths separation, in April launched modest …
Solvay open to building rare earths plant in US, where support is stronger Read More »
By Krystal Hu (Reuters) -AI startup Vast Data has signed a $1.17 billion commercial agreement with cloud provider CoreWeave, extending their existing partnership as demand for infrastructure that powers artificial intelligence systems grows, the company told Reuters. Under the agreement, CoreWeave will use Vast as the primary data platform for its cloud infrastructure, which provides …
Exclusive-Nvidia-backed Vast Data inks $1.17 billion AI deal with CoreWeave Read More »
By Siddharth Cavale and Waylon Cunningham NEW YORK (Reuters) -Representatives of New York City’s bodegas, grocers and restaurants said on Wednesday they hope New York City Mayor-elect Zohran Mamdani spends less time going after President Donald Trump and focuses on his promises to make the city more affordable. Mamdani, 34, a democratic socialist, won a …
(Reuters) -Apollo-backed Grupo Aeromexico raised $222.8 million in its long-awaited U.S. initial public offering on Wednesday, setting the stage for the Mexican airline’s public market comeback nearly four years after it exited bankruptcy. Optimism around artificial intelligence and falling interest rates have pushed stock market valuations to record highs, fueling hopes for an IPO rebound …
Apollo-backed Aeromexico raises about $223 million in long-awaited US IPO Read More »
ISTANBUL (Reuters) -Turkish Airlines has reached an agreement with GE Aerospace to procure engines, spare engines, and engine maintenance services for 75 B787 planes that it is buying from Boeing, the company said. Its overnight statement to the Istanbul stock exchange followed Turkish Airlines’ announcement in September that it had decided to buy the 75 …
Turkish Airlines reaches engine deal with GE Aerospace for 75 Boeing planes Read More »
(Reuters) -Google is in early discussions to deepen its investment in Anthropic, the Business Insider reported on Wednesday, citing people familiar with the matter. The new round of funding could value Anthropic at more than $350 billion, the report said. Reuters could not immediately verify the report. (Reporting by Devika Nair in Bengaluru; Editing by …
Google in early talks to boost investment in Anthropic, Business Insider reports Read More »
