A divided federal appeals court on Monday ruled Federal Reserve governor Lisa Cook can keep her job, turning aside an appeal by the Trump administration that sought to fire her ahead of the central b… [+52 chars]

The Trump administration had sought to remove Lisa Cook from the Federal Reserve Board before a key meeting on setting interest rates.

The Washington Post

Appeals court allows Federal Reserve governor Lisa Cook to keep her job - The Washington Post

The Trump administration ordered Delta Air Lines and Aeromexico to end by Jan. 1 their nearly decade-old joint venture that allows them to coordinate schedules and prices for flights between the U.S.… [+1486 chars]

Delta Air Lines and Aeromexico would have to end their joint venture by Jan. 1.

CNBC

Trump administration orders Delta, Aeromexico to unwind joint venture by Jan. 1 - CNBC

WASHINGTON (AP) In a sign of how unusual this weeks Federal Reserve meeting is, the decision it will make on interest rates usually the main event is just one of the key unknowns to be resolved when … [+5541 chars]

The Federal Reserve is facing economic uncertainty and political pressure as it meets this week to decide whether to cut interest rates. Investors expect the Fed to reduce its benchmark interest rate by a quarter point, to about 4.1%. But it's not even clear …

Associated Press

The Fed faces economic uncertainty and political pressure as it decides whether to cut rates - AP News

The Long Island Rail Road wont shut down for a worker strike this week after transit union leaders requested federal intervention requiring them to stay on the job until at least May.
Five unions re… [+3531 chars]

Five unions that represent roughly half the MTA's workforce delayed a job walkoff for another eight months.

Gothamist

LIRR avoids strike until at least May as crews ask President Trump to intervene - Gothamist

The Wall Street Journal

Microsoft Raises Quarterly Dividend by 9.6% - The Wall Street Journal

Gold (XAUUSD) has witnessed an incredible year, with the precious metal rising by 39% year-to-date, outpacing its annual returns during the COVID-19 pandemic and th...

Tipranks.com

Gold Races to Record High on Stagflation Fears, Rate Cut Momentum - TipRanks

Alphabet hit just over $3 trillion dollars in market cap on Monday as investors continue to reward it after a federal judge declined to break the company up.  
On Sept. 2, U.S. District Court Judge … [+605 chars]

Investors continue to reward Alphabet's stock after a judge declined to break up Google earlier this month.

TechCrunch

With no DOJ breakup, Alphabet becomes a $3 trillion company - TechCrunch

Longtime CBS Evening News anchor and regular 60 Minutes contributor Dan Rather does not like what he sees happening at — and to — his old employer.
Before David Ellison bought Paramount Global and m… [+2434 chars]

We “have to be concerned about the consolidation of huge billionaires getting control of nearly all of the major news outlets,” the former 'CBS Evening News' anchor said.

Hollywood Reporter

Dan Rather Warns Paramount Buying Warner Bros. Discovery “Would Change CNN Forever” - The Hollywood Reporter

Investors have been emboldened by thawing trade relations, rate-cut expectations

Tech Buying Pushes S&P 500, Nasdaq to Fresh Records - The Wall Street Journal

New study breaks down what 700 million users do across 2.6 billion daily GPT messages.

Ars Technica

What do people actually use ChatGPT for? OpenAI provides some numbers. - Ars Technica

Information in Investors Business Daily is for informational and educational purposes only and should not be construed as an offer, recommendation, solicitation, or rating to buy or sell securities. … [+1064 chars]

The Dow was firm and the Nasdaq gained. Tesla rose on the stock market today after an Elon Musk move. A Warren Buffett stock tested an entry.

Investor's Business Daily

Stock Market Today: Dow Up As Buffett Stock Tests Entry; Tesla Jumps On Musk Move (Live Coverage) - Investor's Business Daily

More Americans are facing stretches of unemployment of six months or more, a worrisome sign for the U.S. economy.
More than 1 in 4 workerswithout jobs have been unemployed for at least half a year, … [+117 chars]

The U.S. economy is seeing a rise in long-term unemployment, with more than 1.9 million Americans out of work for 27 weeks or more, sparking concerns about the labor market.

Long-term unemployment at post-pandemic high, straining workers and economy - The Washington Post

Just weeks ago, Pop Mart founder Wang Ning was riding high with a net worth of $27 billion, richer than Silicon Valleys Peter Thiel, thanks to a rabbit-eared plush called Labubu. The ugly-cute doll h… [+3795 chars]

Once celebrities start posing with a toy, Gen-Z tunes out. What was scarce and cool suddenly feels commercial and inauthentic.

Fortune

Once richer than Peter Thiel, Pop Mart’s Wang Ning sees $6 billion vanish with Labubu hype - Fortune

Mortgage rates have done almost nothing but move lower over the past 4 months. The first Fridays in August and September account for about half of the total drop thanks to weaker results in the jobs … [+499 chars]

Mortgage rates have done almost nothing but move lower over the past 4 months. The first Fridays in August and September account for about half of the total drop thanks to weaker results in the jobs report.  Since the September 5th jobs report, rates have hel…

Mortgage News Daily

Mortgage Rates Start Week at Another Long-Term Low - Mortgage News Daily

As AI takes over search, Google is saying that users want summaries over the traditional “10 blue links,” all while a new lawsuit targets AI Overviews for their harm to the rest of the web.
Over the… [+2940 chars]

In the midst of a lawsuit over AI Overviews, Google says that user preferences are shifting to want summaries over traditional links.

9to5google.com

Google says users want summaries over links as it tries to balance 'a healthy ecosystem' amid AI Overview lawsuit - 9to5Google

Every three months, thousands of public companies big and small report their earnings and give investors an update about how they are doing.
Executives hate the practice: They say it's expensive and… [+3562 chars]

President Trump would like companies to report their earnings less frequently. Executives have long called for that -- but some financial experts worry it would go badly.

Why Trump wants companies to report earnings less frequently - NPR

Tesla's stock is climbing Monday as CEO Elon Musk disclosed the purchase of more than 2.5 million shares worth approximately $1 billion.
Shares of the electric vehicle maker rose more than 5% in mor… [+2046 chars]

Tesla's stock is climbing after Musk on Monday disclosed the purchase of more than 2.5 million shares worth approximately $1 billion.