Welcome to our Weekly Digest – stay in the know with some recent news updates relevant to business and the economy.
The magnificent seven monitor
Track the U.S. technology stocks that dominate the market. They’re Wall Street’s big guns. Stocks with so much swagger that they earned a nickname conjured from Hollywood’s golden age.
US crypto industry expects friendlier Washington
The cryptocurrency industry has spent years clashing with Democratic President Joe Biden’s administration over regulatory issues, but executives expect an easier ride from Washington, regardless of who wins the White House.
DHL eCommerce publishes US-focused e-commerce shopper report
Ahead of this year’s peak season, DHL eCommerce has released the latest installment of its Online Shopper Trends Report with a special report that reveals insights from the US market.
Big Tech’s AI splurge worries investors about returns
Big technology companies including Microsoft, Meta and Amazon are stepping up spending to build out AI data centers in a rush to meet vast demand, but Wall Street is hungry for a quicker payday on the billions invested.
US employers added just 12,000 jobs last month as hurricanes and strikes sharply reduce payrolls
America’s employers added just 12,000 jobs in October, a total that economists say was held down by the effects of strikes and hurricanes that left many workers temporarily off payrolls. The report provided a somewhat blurry view of the job market at the end of a presidential race that has pivoted heavily on voters’ feelings about the economy.
Key inflation rate hits 2.1% in September, as expected, closing in on Fed target
Inflation increased slightly in September and moved closer to the Federal Reserve’s target, according to a Commerce Department report Thursday.
What the new 401(k) limits and other changes mean for your retirement
Come next year, you will be allowed to save a little more in your 401(k) on a tax-deferred basis than you can this year, unless you’re in your early 60s, in which case for the first time you’ll be allowed to save a lot more.
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