The case for more Fed rate cuts could rest on a ‘systemic overcount’ of jobs numbers
There are indications that policymakers will be more inclined to cut further if the labor market stays weak.
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Oracle shares tumble as worries swirl over huge spending on data centres
Larry Ellison’s company raises its capital expenditure forecast as it doubles down on AI infrastructure bet
Trump administration’s new quarters feature pilgrims, ditching civil rights theme
Special quarter-dollar coin designs for the U.S.’ 250th birthday feature pilgrims and former presidents rather than previously floated civil rights themes.
US trade deficit shrinks to smallest since 2020 as gold exports jump
Figures for September raise hopes that GDP growth in third quarter was stronger than forecast
US stocks slide after Oracle results disappoint
US database company’s earnings published on Wednesday fell short of forecasts amid concerns over AI boom
Oracle shares fall 13% on increase in data centre spending
Larry Ellison’s company raises its capital expenditure forecast as it doubles down on AI infrastructure bet