Finance
U.S. Employers Added 29,000 Jobs in September as Unemployment Rate Rose to 4.2%, Labor Department Says
Hiring came in well below forecasts and earlier months were revised down. Traders cut their bets on another Federal Reserve rate hike at its October meeting, while the White House and Democrats drew opposite lessons from the last jobs report before the midterms.
Corteva Completes Seed Spin-Off as Vylor Starts NYSE Trading; 15 States and Guam Sue Over PFAS Liabilities
Corteva shareholders got one Vylor share for each Corteva share on Oct. 1. The same day, a bipartisan group of state attorneys general sued, saying the split moves the company's most valuable assets away from future 'forever chemical' claims, which Corteva calls speculative.
Onsemi and Synaptics Switch to a $123-a-Share All-Cash Deal After Rival Bid; Stated Value Is $5.7 Billion, vs. $7 Billion in June
The amended merger replaces a fixed stock swap with cash, and the two headline values measure different things, so whether Synaptics shareholders now get more or less depends on how the old deal is valued.
U.S. Stocks End Oct. 1 Slightly Higher After Morning Drop as 10-Year Treasury Yield Touches Highest Level Since 2002
The S&P 500 closed up 0.19% after an early swing lower, as a global bond selloff peaked and then eased. Contrary to some framing, data that day showed jobless claims at their lowest since July and manufacturing still growing.
Trump Says South Korea Will Put $54 Billion Into Alaska LNG Project; Seoul Says It Has Not Decided Whether to Invest
The Alaska pipeline is the largest piece of a $200 billion package that the White House tied to the 2025 U.S.-South Korea trade deal, and South Korea's government says it will invest only if the project proves commercially viable.
Baldwin Group Agrees to $32.50-a-Share Cash Buyout Led by Sequence Holdings and Michael Dell's Family Office in Deal Valued at $7.7 Billion
The Sept. 14 agreement is 88% above Baldwin's June 17 share price, set before any deal talk was reported, but only about 10% above the stock's last close before the announcement; law firms are now looking into whether the price is fair.
Micron Reports $54.2 Billion in Quarterly Revenue, Beating Estimates, and Forecasts $61.5 Billion for Next Quarter
Micron's fiscal fourth-quarter sales rose 379% from a year earlier on AI-driven memory demand. The company expects its gross margin to dip slightly next quarter and plans to raise factory spending sharply.
Leaked Anthropic Filing Shows $42 Billion Net Loss for 2025, Including a $34 Billion Non-Cash Charge, and $518 Billion in Compute Commitments
The draft prospectus, which Reuters reviewed, shows revenue up 12-fold to about $4.6 billion, an operating loss of about $8 billion, and a warning that advanced AI could pose "catastrophic or existential risks to humanity." Reuters separately reported that the company expects a valuation above $2 trillion.
Bitget Puts Losses From Sept. 24 Hack at About $387.5 Million, the Largest Crypto Theft Reported So Far in 2026
The exchange says attackers broke into a backend wallet system and tricked its own approval process into sending funds out, and it says its protection fund will cover customer balances as withdrawals restart in stages starting Sept. 28.
Akamai Signs $11.6 Billion, Seven-Year Computing Deal With Anthropic and Issues Warrant for Up to About 5% of Its Stock
Akamai says Anthropic can add up to $9 billion more, which would bring the total to about $20 billion. Akamai expects to spend about $5.5 billion on equipment for the deal. Its shares rose sharply after the announcement and then gave back part of the gain.
MGM Resorts Discusses a Bid for Barry Diller's People Inc., WSJ Reports, a Day After People Dropped Its $48.30-a-Share Offer for MGM
People Inc., the publisher of Food & Wine and Southern Living, saw its shares rise more than 11% on Friday after the report. MGM shares fell almost 3%, following an 11% drop the day before.
University of Michigan Consumer Sentiment Index Finalized at 48.1 for September, Down From 51.7; Year-Ahead Inflation Expectations Rise to 4.6%
The final September reading was the lowest in four months and a bit above the preliminary 47.8. Survey director Joanne Hsu tied the drop to high prices, fuel costs and renewed trade disputes.