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Labor Department inspector general reviewing challenges to BLS economic data collection

10 Sep 2025

WASHINGTON (Reuters) -The office of the Labor Department’s inspector general said on Wednesday it was initiating a review of challenges the Bureau of Labor Statistics (BLS) faces in collecting and reporting U.S. economic data following recent large downward revisions to nonfarm payrolls and cuts to inflation data collection. Assistant inspector general for audit, Laura Nicolosi, …

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Synopsys set to wipe out 2025 gains as shares tank on China business woes

10 Sep 2025

(Reuters) – Shares of Synopsys fell nearly 35% on Wednesday, putting the chip design software provider on track to erase this year’s gains, as Sino-U.S. trade tensions hurt quarterly revenue and left investors mulling the future of its China business. Successive U.S. administrations have attempted to restrict Beijing’s access to American chip technology, limiting U.S. …

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US data center build hits record as AI demand surges, Bank of America Institute says

10 Sep 2025

(Reuters) -Construction spending on U.S. data centers reached an all-time high of $40 billion at a seasonally adjusted annual rate in June, as technology giants continue pouring billions into AI infrastructure, according to a Bank of America Institute report. BY THE NUMBERS The June figure represents a 30% increase from the previous year, following a …

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Boeing Defense strike enters sixth week with sides still at loggerheads

10 Sep 2025

By Dan Catchpole (Reuters) -Boeing Defense and the machinists’ union remained at loggerheads after meeting on Tuesday in an effort to resume contract negotiations as a strike by about 3,200 St. Louis-area workers that assemble military aircraft enters its sixth week.  Talks that included a federal mediator ended after a few hours, with both the …

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Amazon developing consumer AR glasses to rival Meta, The Information reports

10 Sep 2025

(Reuters) -Amazon.com is developing augmented reality (AR) glasses for consumers, the Information reported on Wednesday, citing two people with knowledge of the plans, a move that would put the company in competition with Facebook owner Meta. The glasses, internally codenamed “Jayhawk,” will include microphones, speakers, a camera and a full‑color display in one eye, the …

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Goldman pushes for delayed reporting of large credit portfolio trades

10 Sep 2025

By Anirban Sen NEW YORK (Reuters) – Goldman Sachs is urging U.S. regulators to allow large banks that sell corporate bonds on behalf of investors to delay public reporting of the largest trades of such bonds, according to an internal white paper published by the bank. In the paper, which was reviewed by Reuters, Goldman …

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US wholesale inventories revised lower in July

10 Sep 2025

WASHINGTON (Reuters) -U.S. wholesale inventories increased a bit less than initially thought in July, suggesting businesses were not rushing to rebuild inventory after stocks were depleted in the second quarter. Stocks at wholesalers edged up 0.1%, instead of rising 0.2% as estimated last month, the Commerce Department’s Census Bureau said on Wednesday. Economists polled by …

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AI infrastructure company Nebius to raise $3 billion to fuel growth

10 Sep 2025

By Lucy Raitano LONDON (Reuters) – Nebius Group said on Wednesday it would raise $3 billion to fuel growth in its core artificial intelligence cloud business, on the heels of its $17.4-billion deal with Microsoft. The financing includes a $2 billion private offering of convertible senior notes and a $1 billion underwritten public offering of …

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Trump says Fed chair Powell should make big rate cut now

10 Sep 2025

WASHINGTON (Reuters) -U.S. President Donald Trump on Wednesday reiterated his call for Federal Reserve Chairman Jerome Powell to cut benchmark interest rates. “Just out: No Inflation!!! “Too Late” must lower the RATE, BIG, right now. Powell is a total disaster, who doesn’t have a clue!!!, Trump said in a post on Truth Social. The post …

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