BlackRock sees shift in artificial intelligence trade. Where investors are putting their money now.

BlackRock is witnessing a trend where Big Tech investors increasingly favor AI-specific ETFs like the iShares A.I. Innovation and Tech Active ETF (BAI), which has gained 36% since its launch. Jacobs highlights growing interest in blockchain and cryptocurrency investments, spurred by regulatory changes, with enthusiasm for ethereum and related ETFs remaining strong.

For first-time job hunters, a college degree isn’t unlocking the opportunities it once did, data shows

Recent graduates, like Christina Salvadore, are struggling to find jobs despite degrees and internships, facing the highest unemployment rates for their age group in years. The job market is increasingly unwelcoming, with more graduates than available roles. This situation is exacerbated by economic challenges and evolving job landscapes, leaving many feeling discouraged and anxious.

Nike posts surprise sales growth, but warns of sluggish holiday season and bigger than expected tariff hit

Nike shows early signs of progress in its turnaround plan with a modest sales growth in the fiscal first quarter, but cautions that holiday sales may decline. Tariff costs and falling revenue in key markets pose ongoing challenges. CEO Elliott Hill emphasizes innovation and restructuring for future growth, despite current pressures.

Luxury shopper recovery faces four key headwinds

The luxury market’s recovery remains uncertain, with LVMH reporting a slight sales drop but encouraging signs for future improvement. Japan faces sales declines due to tourism shifts, while U.S. sales strengthen. Price increases are anticipated to counter tariff impacts, and product mix continues to influence brand performance across categories.

Govini, a defense tech startup taking on Palantir, hits $100 million in annual recurring revenue

Govini, a defense technology software firm, has surpassed $100 million in annual recurring revenue and received a $150 million investment from Bain Capital to accelerate growth. The company is positioned to transform national defense through AI-driven solutions, enhancing military logistics and procurement efficiency amid rising geopolitical challenges and competition, particularly from China.

Trump administration lays off dozens of CDC officials, NYT reports

The Trump administration has laid off numerous CDC employees, including key scientists and the entire Washington office, amid ongoing government shutdowns. Employees received layoff notices indicating their roles were considered unnecessary or redundant. The number of affected workers remains unconfirmed, and both the White House and CDC have not commented.

Fed Governor Waller sees more rate cuts but says central bank needs to be ‘cautious about it’

Federal Reserve Governor Christopher Waller advocates for cautious interest rate cuts due to mixed economic signals, emphasizing a balance between controlling inflation and stimulating growth. With job growth slowing and unexpected GDP strength, Waller suggests a gradual approach to monetary policy changes, focused on stability while remaining responsive to data.

This is the ‘biggest mistake’ young investors make, Josh Brown says

Many beginners find investing intimidating, especially in the stock market, leading to avoidance. However, experts suggest that young investors should focus on stocks for long-term growth, as time and compounding benefit them significantly. Using diversified options like index funds allows for effective investment strategies while mitigating risks associated with individual stocks.

The shutdown meant no jobs report. Here’s what it would have said about the economy

In September, the U.S. labor market showed signs of sluggishness, reflected in alternative indicators due to a government shutdown halting official BLS data. Job growth appears soft, with the unemployment rate holding at 4.3%. The disparity between thriving health care jobs and weaker tech prospects highlights sectoral imbalances. Consumer spending remains steady, indicating resilience.

Aston Martin shares fall 10% as luxury carmaker issues fresh profit warning on tariff turmoil

Aston Martin’s shares plunged 10% following a profit warning amid global economic challenges and trade uncertainties. The automaker expects a decline in wholesale volumes and no positive cash flow in the second half. Ongoing tariff pressures and geopolitical issues complicate its recovery efforts, despite strong brand recognition and a push for modernization.