Technology companies saw an increase in their stock prices as the latest jobs data created speculation that the Federal Reserve may begin cutting interest rates. The Labor Department reported that employers added 199,000 jobs last month, a slower rate compared to earlier in the year but consistent with pre-pandemic levels. After excluding the impact of autoworker strikes, the job gain for November stood at approximately 169,000, slightly lower than October’s figure of 180,000.
Investigation into Microsoft’s Partnership with OpenAI
Quwan Holding Announces Public Listing
Quwan Holding, a Chinese social-networking platform, has finalized an agreement to go public through a merger with a blank-check company listed in Hong Kong. The deal values Quwan Holding at around $1 billion.
Apple Shares Surge as Production Plans Foresee Indian Expansion
Shares of Apple witnessed a rise as they tested all-time highs. This surge followed reports of Apple and its suppliers intending to manufacture more than 50 million iPhones annually in India over the next two to three years. This move is part of Apple’s effort to diversify its supply chain, which is currently heavily reliant on China.
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