American dockers went on strike on Tuesday.

All ports from Maine to Texas have been closed. The International Dockers' Association has called its first strike since 1977, prompting thousands of workers to strike and grounding loaded ships at ports vital to the global economy. Many analysts believe that the union-led strike will not last long, and that the White House may intervene because a prolonged strike would have severe consequences for trade.


In the US, the number of new jobs rose unexpectedly in August. According to the Labor Department, 1.13 new jobs were created for every unemployed person.

It should be noted that in the previous two months, this indicator decreased. This has given economists reason to believe that the labor market is stabilizing, and if this trend continues, it will lead to a decrease in the unemployment rate.


US manufacturing remained broadly weak in September, but new orders rose and costs of manufacturing resources fell to a nine-month low, which, along with a cut in the refinancing rate, signaled a recovery in activity in the coming months.

And so, according to the Institute of Supply Management, the index of business activity in the manufacturing sector remained unchanged last month and amounted to 47.2.

A reading of this index below 50 indicates a decline in manufacturing. It has been six months since this indicator has been below the 50 mark.


U.S. consumer spending rose less than expected in August, but that didn't have much of an impact on forecasts that economic growth would hold steady in the third quarter.

Consumer spending rose 0.2 percent last month. Earlier, Reuters economists had predicted 0.3 percent growth.

Moreover, the annual growth is 2.2%, which is the lowest in the last 3.5 years.


Eurozone inflation eased in September and is now below 2%. Inflation in the 20 countries that use the euro as their currency reached 1.8% in September, compared to 2.2% in August. This has strengthened the already weighty basis for a refinancing rate cut by the European Central Bank expected this month, as a three-year battle to contain inflation draws to a close.


Tesla said on Wednesday it is on track for third-quarter deliveries, which could boost the company's shares on the stock market.

Wall Street expects Tesla to deliver about 461,000 electric cars worldwide in the third quarter, with annual deliveries totaling 1.79 million, according to Bloomberg.

Deliveries in the third quarter exceed the volumes of the second quarter, during which Tesla delivered 444,000 vehicles. Still, deliveries will be 5,000 fewer than in the third quarter of last year.

Shares of Tesla have surged 20% in the past month, boosted by the Oct. 10 Robotaxi event where the company will unveil its fully autonomous cybertaxi, as well as positive news from China about rising electric car sales.


AI chipmaker Cerebras Systems is preparing for an initial public offering of shares and has already submitted the necessary documents to the Securities and Exchange Commission.

Cerebras is one of NVIDIA's competitors, and given the current growing demand among investors for chips, it has decided to start issuing shares in the near future and has applied for listing on Nasdaq.


Earlier in the week, NVIDIA's stock price plummeted amid reports that China had ordered local developers of AI applications to use only Chinese-made chips in their products, and China is a very important market for NVIDIA's products.

11% of the company's first quarter profit this year came from sales of 6.1 billion chips to China.

Despite the tension, NVIDIA recovered its losses to end September with a 1.7% gain. The company ended the first quarter down 1.7%, but thanks to a record rally in June, NVIDIA shares are up 145.2% year-to-date, the second-biggest gainer in the S&P 500 this year behind power company Vistra.


Boeing is considering raising at least $10 billion by selling new shares.

The airline is believed to be looking to replenish cash reserves, which have been significantly depleted by 33,000 workers following three weeks of strikes.

This information was reported by well-informed sources, and the company refused to officially comment on it.


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