>>Jobs Jump 336K In September
(Washington, DC) -- Employment is way up in the U.S. The Department of Labor says total nonfarm payroll employment rose by 336-thousand in September. The unemployment rate was unchanged at three-point-eight percent. Most analysts were expecting to see today's numbers come in at around 170-thousand. However, some speculated it could be as high as 240-thousand - far more than August's 187-thousand new jobs. One thing almost all market watchers agree on is that the better the job growth is, the more likely it is that Federal Reserve will consider hiking interest rates come November.
>>UAW President To Update Talks
(Detroit, MI) -- UAW President Shawn Fain is expected to address union members again today on the status of contract negotiations with Detroit's big three automakers. He has announced walkouts over the past couple of weeks and may now include more locations. There has reportedly been progress made in talks with Stellantis and Ford Motor Company with Ford reportedly making a significant offer. It includes a large pay raise and the end of "tiers" for employees. General Motors secured a six-billion dollar credit line as talks continue.
>>SEC Sues Elon Musk Over Failure To Testify In Probe
(San Francisco, CA) -- The SEC is suing Elon Musk. The agency's attorneys claim Musk failed to comply with a subpoena and didn't testify over his purchase of Twitter. The Commission said its investigation of the social media platform now known as X is related to whether anyone committed securities fraud in purchasing shares last year as Musk was buying stock in the company. The attorneys write in the complaint that "Musk's ongoing refusal to comply with the SEC's administrative subpoena is hindering and delaying the SEC staff's investigation to determine whether violations of the federal securities laws have occurred." The SEC is asking the court to compel Musk to testify for the investigation.
>>MGM Cyberattack Costs Company Roughly $100 Million
(Las Vegas, NV) -- The cyberattack on MGM Resorts in Las Vegas last month lost the company roughly 100-million dollars, it said in a filing with the Securities and Exchange Commission Thursday. MGM Resorts had to shut down on purpose a number of services to limit customer risk in September, as it impacted keycards for rooms and corporate emails. MGM owns the Bellagio and Mandalay Bay along the Las Vegas Strip, with rival Caesars Entertainment hinting in its SEC filing that it may have paid hackers to go away.
>>X Removes Headlines And Text From Linked Articles
(San Francisco, CA) - X is taking out headlines and text from links. Before, a thumbnail would accompany links along with the article's title and a line or two of text. Now only the article's lead image is the only thing shown. The social media platform's owner Elon Musk said in August he would be making the change for a sleeker look. But the move officially happened a day after Musk said publishers should try posting their content directly on X in long form. He wrote in a post that X doesn't prioritize links to discourage users from clicking away. The billionaire also recently said that he personally doesn't read "legacy news" and prefers "citizen journalism."
>>Girl Scout Cookie Price Increase
(Undated) -- Inflation is impacting gas and groceries -- and now Girl Scout cookies. This week, the organization announced a box of cookies will range from five to seven dollars when cookie season begins in April. The Girl Scouts of Northern California contingent said the price increases are necessary due to higher costs and a decline in participation in the program. The Girl Scouts also announced they'll be discontinuing the Raspberry Rally cookie just one year after its debut.
