The number of Americans filing new claims for unemployment benefits dropped to an eight-month low last week, but a rebound is likely as a partial strike by the United Auto Workers (UAW) union forces automobile manufacturers to temporarily lay off workers because of shortages of some materials.
Chipmaker Nvidia Corp. is betting on India to become one of the world's biggest artificial-intelligence centers. And Infosys Ltd. said this week the Indian tech firm will collaborate with Nvidia to provide generative AI-based services. Saritha Rai reports on Bloomberg Television.
The Federal Reserve left its benchmark interest rate unchanged while signaling borrowing costs will likely stay higher for longer after one more hike this year. Mike McKee reports on "Bloomberg Surveillance: The Fed Decides."
Lazard Chief Market Strategist Ron Temple says the markets are pricing in that the Federal Reserve won't move on rates this week and the Fed usually doesn't disappoint markets. He speaks on "Bloomberg Markets: The Close."