Economy

Every week, people are handed another piece of US jobs data and told it matters for markets. News platforms, including Invezz, report initial and continuing jobless claims every week, before attention shifts through the month to ADP employment, JOLTS and the closely watched nonfarmpayrolls report. For anyone who does not spend their day watching economic

From a strategy being dubbed “balance sheet as a service” to Nvidia itself being described as the central bank of artificial intelligence, the chipmaker’s growing role in financing the AI ecosystem is attracting more attention from investors. Nvidia has transformed itself from a semiconductor company into one of the most important financial backers of the

As governments and regulators around the world intensify scrutiny of social media’s impact on children, Meta’s landmark US settlement marks a major shift in how technology companies may be held accountable for the way their platforms are designed and used. Meta has agreed to overhaul parts of Instagram and Facebook in the United States and

Autodesk ADSK stock fell about 4% on Friday after the software company issued third-quarter and full-year earnings guidance that fell short of Wall Street expectations, despite beating estimates for its fiscal second quarter. Analysts remained broadly positive on the company’s underlying business momentum and maintained Buy ratings with price targets ranging from $285 to $325.

The Trump administration is exploring a potentially sweeping expansion of US control over Venezuela’s oil industry, with reports suggesting Washington is seeking long-term access or direct stakes in oilfields holding as much as 90 billion barrels of proven reserves. The discussions, reported by several US media outlets, come months after President Donald Trump’s administration abducted

Federal Reserve Chair Kevin Warsh warned at Jackson Hole that inflation has not meaningfully slowed and said policymakers would have “work to do” if price pressures do not move toward the 2% target. Bitcoin fell below $80,000 as higher short-term Treasury yields weighed on risk-sensitive assets following Warsh’s remarks. Gold prices dropped nearly 3% as

Workday shares WDAY rose about 5% on Friday after the enterprise software company delivered stronger-than-expected second-quarter results, although mixed guidance and uncertainty over the pace of AI-driven growth prompted sharply different views among analysts. The company reported revenue of $2.649 billion for the quarter ended July 31, up 12.8% from $2.348 billion a year earlier.

The US stock market ended lower on Friday as investors assessed Federal Reserve Chair Kevin Warsh’s warning that recent inflation data had not shown enough improvement to alter the underlying trend. The remarks increased expectations for a potential interest rate hike in September. The S&P 500 fell 0.26% to 7,711.05, while the Nasdaq Composite dropped