Scott Horsley
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Podcast Appearances
The government economists who tally GDP growth are among those furloughed by the shutdown.
We're still waiting for a readout on third-quarter economic growth that was supposed to come out two weeks ago.
One of the first economic reports we are likely to see once the shutdown ends is the September jobs report.
That was nearly finished when government number crunchers were told to stop working.
Stock and computer chip maker AMD opened higher after the company offered a rosy sales forecast driven by the growth of AI data centers.
Scott Horsley, NPR News, Washington.
Stock in the chip-making giant Nvidia opened lower after news that SoftBank sold its stake in the company for about $5.8 billion.
Some investors worry the artificial intelligence boom that's propelled Nvidia to stratospheric heights could be overblown.
Analysts say consumers in China are hunting for bargains rather than splurging on big-ticket items during this year's Singles Day promotion.
The event is seen as a gauge of consumer sentiment in China.
And Warren Buffett won't be writing his annual letter to shareholders once he steps down as Berkshire Hathaway's CEO later this year.
He promised to keep sending a Thanksgiving message, though, including this year's advice not to beat yourself up over mistakes, but to learn from them and move on.
Scott Horsley, NPR News, Washington.
Markets would welcome a resolution to the shutdown, which has idled hundreds of thousands of federal workers, held up funding for vital safety net programs, and disrupted air travel.
The shutdowns also delayed the release of closely watched economic data, including a jobs report that was due last Friday.
and an inflation update that was supposed to come out this week.
Stock in Tyson Foods opened higher after the meatpacking giant issued a bullish sales forecast for the coming year.
Tyson's chicken sales were up during the most recent quarter.
The company sold fewer pounds of beef, but made up for it with higher prices.
And the company behind Buy Heart Whole Nutrition Infant Formula is recalling two lots after more than a dozen cases of infant botulism.