The US jobs market stalled over the summer, adding just 22,000 jobs in August and continuing a slowdown in the labor market as businesses adjusted to disruptions caused by tariffs.The latest jobs report also contained more bad news. The US lost 13,000 jobs in June, according to the latest survey, the first time it went into the negative since December 2020.The unemployment rate for August inched up to 4.3%, the highest it’s been since 2021.The healthcare sector added 31,000 last month but most other sectors ...

A judge ruled on Tuesday that Google would not be forced to sell its Chrome browser or the Android operating system, saving the tech giant from the most severe penalties sought by the US government. The same judge had ruled in favor of US prosecutors nearly a year ago, finding that Google built and maintained an illegal monopoly with its namesake search engine.Groups critical of Google’s dominance in the internet search and online advertising industry are furious. They contend the judge missed an opportunit ...

Nestlé has dismissed its chief executive, Laurent Freixe, after an investigation into an “undisclosed romantic relationship” with a subordinate that was found to have breached its code of business conduct.The Swiss-headquartered multinational named Philipp Navratil as his replacement.Nestlé said Freixe’s departure after 40 years at the company followed an investigation overseen by its chair, Paul Bulcke, and lead independent director, Pablo Isla, with the support of outside counsel, into the relationship wi ...

Core Insights - Google has introduced significant AI upgrades with its new Pixel 10 series, including the Magic Cue feature that enhances user experience by providing relevant information based on personal data [1][2][4] Group 1: Product Features - The Pixel 10 series includes the Tensor G5 chip, which enables local AI processing for features like Magic Cue [2][6] - The Pixel 10 has a 6.3-inch OLED screen and an upgraded camera system with a 10.8-megapixel 5x telephoto camera, increasing the total number of rear cameras to three [6] - The Pixel 10 Pro features a 48MP telephoto camera capable of 10x optical zoom and comes in two sizes, 6.3 inches and 6.8 inches [6][7] - The Pixel 10 Pro Fold is one of the first folding phones to offer full IP68 water and dust resistance, addressing durability concerns [7] - AI photography features include Camera Coach, which provides suggestions for better photo-taking [7] Group 2: Pricing and Availability - The Pixel 10 starts at £799 (€899/$799/A$1,349), while the Pixel 10 Pro starts at £999 (€1,099/$999/A$1,699), both shipping on August 28 [8] - The Pixel 10 Pro Fold is priced from £1,749 (€1,899/$1,799/A$2,699) and will ship later on October 9 [8] Group 3: Wearable Technology - The Pixel Watch 4 integrates Gemini AI, acting as a personal health coach and offering personalized fitness and sleep plans [11] - The Pixel Watch 4 features a 10% larger domed screen and is the first smartwatch to provide SOS satellite-based emergency services [12] - The Pixel Buds 2a are a more affordable version of Google's Bluetooth earbuds, featuring the same Tensor A1 chip and noise-canceling capabilities [13]

The US government is pursuing a stake in Intel, the US commerce secretary said on Tuesday, confirming reports of discussions between officials and the company that have circulated for the better part of a week. The Trump administration wants to convert funding from the Chips and Science Act, which funds research and manufacturing of semiconductor chips in the US, into equity in the struggling tech company, according to Howard Lutnick. Intel was once a leader in producing computer processors, but is now seen ...

Shares in Intel have jumped 7.4% after it was reported that the Trump administration is considering taking a stake in the struggling US chipmaker. A stake in Intel would mark the Trump administration's latest attempt to intervene in key private industry. He has repeatedly threatened to impose tariffs of up to 100% on imported semiconductors and chips, which could favour Intel as a US-based semiconductor firm. Earlier this week, the US government announced a deal that would result in the chipmakers Nvidia an ...

Tesla's board has approved awarding $30bn (£23bn) worth of shares to its chief executive, Elon Musk, after a US court ruled against a previous pay deal for the world's richest person. Musk will pay $2bn to buy 96m shares in the electric carmaker at the same price as the 10-year pay package agreed in 2018, which is stuck in legal limbo awaiting a court date for an appeal. The award was based on a recommendation from a "special committee" of the board. The announcement in a financial filing was accompanied by ...

Boeing has said that if the contract offer had been approved, the average annual wage would have risen to $102,600 – up from $75,000. Dan Gillian, Boeing Air Dominance's vice-president and general manager and a senior St Louis site executive, told the St Louis Business Journal: "We're disappointed our employees rejected an offer that featured 40% average wage growth and resolved their primary issue on alternative work schedules. We are prepared for a strike and have fully implemented our contingency plan to ...

Uber appealed to the supreme court, which on Tuesday unanimously dismissed the US company's case. In a separate case, the Estonian ride-hailing and food delivery startup Bolt this year defeated an appeal by the UK tax authority HMRC about on what it has to pay VAT on at 20%. HMRC has since been granted permission to challenge the ruling that Bolt is only liable for VAT on its margin, rather than the full cost of the trip, at the court of appeal. Uber's rival taxi operators will not have to pay 20% VAT on th ...

Core Viewpoint - The resurgence of meme stocks is driven by retail traders, reminiscent of the 2021 craze, with potential for even larger rallies as they mobilize online and disregard Wall Street skepticism [1][6]. Group 1: Retailer Performance - Retailers such as Kohl's, GoPro, Wendy's, and Krispy Kreme experienced significant stock rallies, with Kohl's up 32%, GoPro up 66%, and Krispy Kreme up 41% over the week [6]. - American Eagle Outfitters saw a 10% increase in shares after actress Sydney Sweeney was announced as the face of its marketing campaign [3]. Group 2: Market Dynamics - The current market environment, characterized by high trading volumes and speculative behavior, is conducive to meme stock rallies, similar to the conditions during the Covid era [6][10]. - The meme-stock phenomenon is often detached from traditional economic fundamentals, with investors supporting brands for emotional or ideological reasons rather than financial metrics [7][10]. Group 3: Community Influence - The wallstreetbets forum empowers retail traders to share research and ideas, leading to a decentralization of financial analysis and investment power [5]. - The community's influence is evident as retail traders push stock prices significantly, demonstrating the power of collective action [5]. Group 4: Cultural Impact - The meme culture surrounding stocks, such as Wendy's, illustrates how humor and social media can drive investment decisions, often independent of market fundamentals [8][10]. - The evolving landscape of finance, including the rise of blockchain and AI trading, reflects a shift in how retail traders engage with the market [4].