Job Gains Disguise Weakness Beyond Service Industries

The September jobs report, delayed by six weeks due to the government shutdown, indicates a better-than-expected performance in the economy. Lydia DePillis, an economics reporter, highlights that this report arrives amid significant uncertainty regarding economic conditions.

All new cars must be electric or hybrid from 2030, but the government could introduce new taxes on these vehicles. This potential change raises concerns among electric vehicle (EV) owners regarding the financial implications of such levies.

The article discusses 'surveillance pricing,' a practice that combines the discomfort of being monitored with the frustration of perceived overcharging. This pricing strategy has sparked negative sentiments among consumers, as it evokes feelings of being watched while also feeling exploited financially.

After a week of market uneasiness, Nvidia's profit surge and Walmart's earnings initially provided relief to investors. However, by Thursday afternoon, this bullish sentiment faded as concerns about a potential AI bubble resurfaced. Jensen Huang, Nvidia's CEO, had previously eased worries about overinvestment in AI following the company's earnings report.

ByHeart has confirmed the presence of botulism bacteria in its infant formula, which has been linked to a series of illnesses among infants that resulted in hospitalizations. The company has recently recalled the affected baby formula to address the health concerns.

A family discovered a high-grade copy of Superman No. 1 from 1939, which was sold at auction by Heritage Auctions for $9.12 million. This sale marks a new record for comic book auctions.

The US economy added 119,000 jobs in September, according to a report from Investing.com. Despite this solid job growth, the unemployment rate rose to 4.4%, marking the highest level since 2021. This report was delayed due to a federal government shutdown, which has raised concerns about the overall stability of the labor market.

Walmart has raised its sales guidance for the year, anticipating an influx of price-conscious shoppers to its stores. The retailer's positive outlook comes as consumers increasingly seek savings amid economic pressures.