Strong Jobs Report Takes Pressure Off Fed for Next Meeting

Published on October 5, 2024

Surprisingly strong hiring in September has taken pressure off the Federal Reserve by reducing worries over the US labor market, giving policymakers room to continue cutting interest rates at a more gradual pace in coming months.

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Meta Unveils AI Video Generator, Taking On OpenAI and Google

October 5, 2024
Facebook parent Meta Platforms Inc. debuted a new artificial intelligence tool that can generate or edit videos based on a simple text prompt, elevating competition with rivals like OpenAI and Google in the race to develop the world’s most advanced AI technology.

Dollar Set for Best Week in Two Years as Big Fed Cut Bets Erased

October 5, 2024
The dollar is about to notch its best week in two years. Geopolitical unrest, the odds of lower borrowing costs overseas and a resilient US economy are all spurring the world’s reserve currency higher.