business News

Boeing reaches tentative labor deal with striking defense workers - CNBC

The IAM Union said Wednesday that it reached a tentative five-year agreement with Boeing for better wages.

Stephen Miran, Trump’s Fed pick, could get Senate confirmation Monday - Politico

That would allow him to participate in a rate-setting meeting that starts Tuesday.

Cash yields set to fall as Fed cuts rates. Where to put your money to work instead - CNBC

Investors should not waste any time moving out of excess cash ahead of the anticipated Federal Reserve rate cuts, many on Wall Street are warning.

Mortgage Applications Today: New Homeowner Loan Demand Climbs to 3-Year High as Interest Rates Fall - Realtor.com

Klarna’s IPO pops, raising $1.4B, with Sequoia as the biggest winner - TechCrunch

Of the 34.3 million shares Klarna sold, only 5 million were sold by the company, it said. The rest were sold by existing investors.

OpenAI and Oracle reportedly ink historic cloud computing deal - TechCrunch

OpenAI and Oracle reportedly signed a deal that includes OpenAI buying $300 billion of compute over a five-year span.

Synopsys Q3 Soft on IP, Closes Ansys Deal - Yahoo Finance

Ansys buyout expands reach as headwinds weigh on outlook

Robotaxi Battle Heats Up With Amazon's Las Vegas Zoox Launch, Lyft's Atlanta Expansion - Investor's Business Daily

Zoox, Amazon's robotaxi business, is live in Las Vegas, with the tech giant officially entering a market that includes Waymo and Tesla.

A top OpenAI exec dropped a treasure trove of numbers Wall Street was desperate to see - Business Insider

OpenAI CFO Sarah Friar shares revenue numbers, user numbers, usage rates, and more at a Goldman Sachs conference.

Potbelly is being acquired by gas station and convenience chain RaceTrac for $566 million - AP News

Sandwich maker Potbelly is being acquired by the gas station and convenience story chain RaceTrac for $566 million. Potbelly, which was founded in Chicago in 1977, has 445 restaurants across the U.S. The company said the deal with RaceTrac will help it reach …

Stock Market News Today: S&P 500, Nasdaq Hit New Records on PPI Inflation Data; Oracle Soars 35% — Live Updates - The Wall Street Journal

Oracle's Larry Ellison surpasses Elon Musk as world's richest man - BBC

The Oracle cofounder's wealth temporarily overtook Musk's fortune, propelled by an AI boom.

Larry Ellison tops Elon Musk as world's richest person - BBC

The Oracle cofounder's wealth has overtaken Musk's fortune, propelled by an AI boom.

SNPS: Synopsys Stock Tanks as Q4 Forecast Falls Short of Expectations - Yahoo Finance

Chip Design Giant Synopsys Issues Weak Guidance: Shares Slide Hard

Top Stock Movers Now: Oracle, GameStop, Synopsys, and More - Investopedia

The S&P 500 and Nasdaq climbed to record highs Wednesday following a report showing wholesale inflation surprisingly fell in August.

Subprime Auto Lender Tricolor Files for Bankruptcy - Bloomberg

Tricolor Holdings, a used car seller and provider of subprime loans that focuses on undocumented immigrants in the US Southwest, filed to liquidate in bankruptcy.

Amazon’s Zoox Launches Robotaxi Rides to Public in Las Vegas - Bloomberg

Amazon.com Inc.’s autonomous driving unit Zoox has started offering rides to the public in Las Vegas, marking a first in the US for a purpose-built robotaxi with no driver controls.

Trump appeals judge's order letting Cook stay on Fed board - Axios

Trump is racing against the clock to get Cook off the Fed board before a rate-setting meeting next week.

Judge Blocks Trump From Removing Fed Governor Lisa Cook - The Wall Street Journal

Order allows Cook to remain on central bank’s board for now while her legal challenge proceeds

Cruise passenger charged after jumping overboard to allegedly dodge $16,000 in gambling debts - NBC News

A cruise ship passenger faces a federal charge after he jumped overboard with thousands in cash on him over the weekend in Puerto Rico after he incurred about $16,000 in gambling losses on the high seas, federal prosecutors said.