Group 1: Labor Market and Job Cuts - Amazon and UPS announced combined job losses of at least 62,000, indicating a potential weakening in the labor market [1] - The job cuts are among the largest publicly confirmed in a year marked by a steady trend of firms reducing their workforce [1] Group 2: Tech Sector Developments - Microsoft and OpenAI reached a deal allowing OpenAI to restructure into a public benefit corporation, valuing it at $500 billion [3] - The deal between Microsoft and OpenAI contributed to a wave of tech euphoria, lifting Wall Street to new highs [6] - Big Tech firms have significant commitments and joint ventures worth hundreds of billions, with OpenAI and Nvidia being heavily involved [2] Group 3: Stock Market Performance - U.S. stock markets reached new highs, with Apple hitting a $4 trillion market cap and notable gains in UPS, Nvidia, and Microsoft [4] - The concentration of the top U.S. stocks accounted for 33.8% of total market cap at the end of September, indicating a high level of market concentration [11] Group 4: Federal Reserve and Economic Outlook - The Federal Reserve is expected to cut interest rates by a quarter of a percentage point, with further cuts anticipated in December and next year [7] - Potential changes to the Fed's balance sheet and the end of quantitative tightening (QT) could lead to bond purchases in the near future [8]

Markets are entering the busiest week for third quarter earnings, with results from several Big Tech companies highlighting the calendar. So far, the earnings season is off to a positive start. As of Oct. 24, 29% of S&P 500 companies have reported results, according to FactSet data, and analysts are expecting a 9.2% jump in earnings per share during the third quarter. If that figure holds, it would mark the ninth straight quarter of positive earnings growth but a deceleration from the 12% earnings growth ...

🔥 UPDATE: OpenAI restructures as a public benefit corporation, granting Microsoft a 27% stake worth around $135B.The move blends public benefit governance with commercial scale as AI competition intensifies. https://t.co/rW4WfPClLx ...

Layoffs and Job Market - A trend of significant layoffs is emerging, with UPS announcing a layoff of 48,000 employees [1] - Amazon is expected to cut up to 10% of its corporate workforce, confirming 14,000 job cuts, marking the largest layoffs in its history and the biggest in the tech industry since 2020 [2] - Year-to-date job cuts in the US are nearing 1 million, with the tech sector alone accounting for 190,000 job losses [3] Corporate Investments and Collaborations - Nvidia is investing $1 billion in Nokia, aiming to integrate Nokia's data center switch and optical networking technology with Nvidia's AI infrastructure [4] - This investment represents Nvidia's strategic expansion into networking and infrastructure, while providing Nokia an opportunity to reinvent itself in the AI era [4] Economic Indicators and Federal Reserve - The Federal Reserve is expected to announce a 25 basis point rate cut, with a 98% probability [9] - Investors are focused on Jerome Powell's commentary regarding inflation and the labor market, as recent Fed speakers have expressed concerns about rising inflation [10] Earnings Reports - Alphabet is expected to report total revenue of approximately $84.7 billion, driven by gains in search and Google Cloud, with advertising revenue projected to rise by 10% year-over-year [11][12] - Major companies such as Boeing, Caterpillar, Verizon, and CVS are set to report earnings before the bell, with CVS expected to report earnings of $1.36 per share on revenue exceeding $98 billion [13][14] - Microsoft has reached a $4 trillion market cap, with analysts projecting earnings of $3.65 per share on nearly $75 billion in revenue, while Meta is expected to earn $6.67 per share with revenue anticipated to top $49.5 billion [15]

The Federal Reserve’s Jerome Powell is on deck Wednesday, where rate cuts are all but expected. But after the closing bell, it’s big-tech earnings. - MarketWatch photo illustration/Getty Images, iStockphoto It’s hard to overstate just how crucial Wednesday could be for the stock market in its final leg of this year. Major U.S. equity indexes already zoomed to fresh record highs this week ahead of the Federal Reserve’s expected decision to cut rates on Wednesday, with a batch of a major tech earning set t ...

NVIDIA now produces more free cash flow than Microsoft. https://t.co/f1BzrTALze ...

By Karishma Vanjani A rally among the biggest technology stocks in the world has pushed the U.S. stock market to nosebleed levels as investors braced for a slew of earnings. CONCLUDED Stock Market Today: Dow Hits Record Last Updated: Updated 10 hours ago Tech Giants Power On: Microsoft Hits $4 Trillion, Nvidia Races for $5 Trillion The Wall Street Journal Cryptocurrencies Data Magazine Markets Stock Picks Barron's Live Roundtable Barron's Stock Screen Personal Finance Streetwise Advisor Directory The S&P 50 ...

Apple and Microsoft joined Nvidia in the $4 trillion market cap club on Tuesday after shares of the tech giants climbed, pushing both into the elite level. Nvidia, which hit the milestone in July, still leads both companies with a market cap of about $4.8 trillion. Shares of the tech giant hit the mark intraday before settling just below that level of $269.53 per share. Shares closed at $269 apiece. The momentum is being fueled by Apple's iPhone 17, which made its debut in mid-September. Analyst Dan Iv ...

>> BLOOMBERG TECH'S LIVE FROM COAST-TO-COAST WITH CAROLINE HYDE IN NEW YORK AND ED LUDLOW IN SAN FRANCISCO. ED: THIS IS BLOOMBERG TECH, MICROSOFT AND OPENAI FINALIZE A NEW AGREEMENT. MICROSOFT GETTING A 27% OWNERSHIP STAKE IN THE AI START UP WORTH ABOUT 135 BILLION.IS NVIDIA'S D. C. SUPER BOWL.WHAT INVESTORS ARE LOOKING FOR IN JENSEN HUANG'S KEYNOTE ADDRESS AT THE GCC CONFERENCE. AND WE SIT DOWN WITH ROBYN DENHOLM TO TALK THE PUSH TO CONVINCE SHAREHOLDERS TO APPROVE THE $1 TRILLION PAY PACKAGE FOR ELON MUSK ...

Is this clarity a good one for you when it comes to the Microsoft thesis. Oh, sure. I mean, you know, partnering with opening eye opening is probably one of the most significant companies of our decade of this decade.And to be able to partner with open air and increase the time horizon over which the partnership will will exist was important for for Microsoft because the underlying technology is being developed at open air. So, you know, welcome. We're very happy to see it.The extension of the data center p ...