Report shows hiring at lowest since 2009 as economists turn to alternative data during shutdown blackout

Job fair signage as job seekers arrive at the Appalachian State University internship and job fair in Boone, North Carolina, US, on Wednesday, Oct. 1, 2025. Allison Joyce | Bloomberg | Getty Images Unemployment changed little in September, while layoff and hiring rates both slowed, according to separate labor market reports Thursday. The jobless level…

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Silicon Valley’s defense tech startups are booming as war shifts

Guvendemir | E+ | Getty Images A wave of defense tech startups in Silicon Valley is drawing billions in funding and reshaping America’s national security. Anduril Industries, recently valued at $30.5 billion following its latest funding round, is among the so-called “neoprimes” — companies challenging the dominance of legacy contractors, dubbed “primes,” such as Lockheed Martin, Northrop…

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Energy Dept. cancels projects amid government shutdown

U.S. Department of Energy Secretary Chris Wright attends a Reuters Next event in Manhattan, New York City, U.S., Sept. 25, 2025. Carlos Barria | Reuters The Energy Department‘s cancellation of more than 300 funding awards to projects in 16 states won by Democratic nominee Kamala Harris in the 2024 presidential election slammed the brakes on…

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Trump, Russ Vought eye more funding cuts

President Donald Trump on Thursday said Democrats have given him an “unprecedented opportunity” to slash federal agencies, signaling plans to harm his political opponents during the two-day-old government shutdown while blaming them for causing it. Trump’s warning came a day after his administration froze about $18 billion for two major infrastructure projects in New York…

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Russia will raise taxes to pay for the Ukraine war

Russian President Vladimir Putin during a meeting on development of ‘new regions’, annexed from Ukraine, at the Kremlin, June 30, 2025, in Moscow, Russia. Contributor | Getty Images Russia is set to hike taxes on businesses and consumers as the government looks for ways to support military spending while its war-focused economy creaks at the…

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Taiwan rejects U.S. proposal for ’50-50′ chip production

Taiwan Semiconductor Manufacturing Company, Limited at Hsinchu Science Park. Annabelle Chih | Getty Images News | Getty Images Taiwan will not accept Washington’s proposal to locally manufacture half the chips it currently supplies to the U.S., the island’s top trade negotiator said. Speaking to reporters, Cheng Li-chiun, also the country’s vice premier, said on Wednesday…

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