WASHINGTON (AP) — America’s employers slowed their hiring in September but still added a solid 263,000 jobs — a dose of encouraging news that may mean the Federal Reserve’s drive to cool the job market and ease inflation is starting to make progress. Friday’s government report showed that last month’s job growth was down from 315,000 in August and that the unemployment rate fell to 3.5%.
If the squabbling ever stops over Elon Musk’s renewed bid to buy Twitter, experts say he still faces a huge obstacle to closing the $44 billion deal: Keeping his financing in place. Earlier this week Musk reversed course and said he’d go through with acquiring the social media company under the same terms he agreed to in April. But after months of tweetstorms and legal barbs, there are scars and suspicions on both sides.
WASHINGTON (AP) — News that Elon Musk has agreed to proceed with his $44 billion deal to buy Twitter after all may feel like a big surprise. But it wasn’t all that surprising to experts who have observed the monthslong legal battle between Musk and Twitter. The news sent shares of the social media platform soaring and stoked alarm among some media watchdogs and civil rights groups.
FRANKFURT, Germany (AP) — The OPEC+ alliance of oil-exporting countries has decided to sharply cut production to support sagging oil prices. The move Wednesday could deal the struggling global economy another blow and raise politically sensitive pump prices for U.S. drivers just ahead of key national elections. Energy ministers meeting at the Vienna headquarters of the OPEC oil cartel cut production by 2 million barrels per day at their first face-to-face meeting since the start of the COVID-19 pandemic.
WASHINGTON (AP) — The number of available jobs in the U.S. plummeted in August compared with July, a sign that businesses may pull back further on hiring and potentially cool chronically high inflation. There were 10.1 million advertised jobs on the last day of August, down a huge 10% from 11.2 million openings in July.
Elon Musk is offering to go through with his original proposal to buy Twitter for $44 billion. The Tesla CEO said in a regulatory filing Tuesday that he notified Twitter of plans to go through with the deal. A trial seeking to compel Musk to buy the social media platform is set to start in Delaware Chancery Court in less than two weeks.
Two surveys show growth in Chinese manufacturing was weak in September, export orders fell and employers cut jobs. That adds to pressure on lackluster economic growth. Business news magazine Caixin …
Newly disclosed text messages between Elon Musk and Twitter CEO Parag Agrawal showed that the two men briefly bonded in April over their love of engineering — at least until Musk tweeted this …
Shares of Biogen and other drugmakers researching Alzheimer’s disease soared early Wednesday after Japan’s Eisai Co. said its potential treatment appeared to slow the fatal disease’s progress in a late-stage study. Eisai announced results late Tuesday from a global study of nearly 1,800 people with early-stage Alzheimer’s.
DALLAS (AP) — The government is getting its day in court to try to block a partnership between American Airlines and JetBlue. A trial is scheduled to start Tuesday in the Justice Department's antitrust lawsuit against the airlines. The government says that letting American and JetBlue work together on flights in the Northeast will hurt competition and lead to higher fares.