Important News:
1. Initial jobless claims in the United States reached 218,000 for the week ending September 20, the lowest level since the week ending July 19, 2025.
2. Federal Reserve Governor Milan: I believe interest rates are too restrictive, ranging from 150 to 200 basis points, and should be gradually reduced in 50 basis point increments.
Stock News:
1. Google (GOOG.O) asked the U.S. Supreme Court to stay a key portion of a judicial order that would force it to overhaul its app store, Google Play.
2. Starbucks (SBUX.O) will cut approximately 900 jobs and close some stores as part of its restructuring.
3. Hertz (HTZ.O) announced it has set the price for an additional $375 million in convertible bonds.
4. Intel (INTC.O) is seeking investment from Apple. 5. Meta Platforms (META.O) CEO Mark Zuckerberg: Instagram now has over 3 billion monthly active users.
6. Nvidia (NVDA.O): CEO Jensen Huang reported selling 225,000 shares of common stock in multiple transactions at a price range of $174.82 to $184.38 per share.
7. BlackBerry (BB.N) expects full-year revenue of $519 million to $541 million, compared with the market estimate of $532.2 million.
