The Jobs Report That Wasn’t Leaves Economists Guessing

The Bureau of Labor Statistics withheld vital employment data due to the federal government shutdown, leaving economic observers uncertain. This lack of information raises concerns about future job growth and investment decisions. Economists predict muted employment growth, citing private sector indicators pointing to labor market weakness, exacerbated by immigration restrictions and declining demand.

Hiring Falls to Lowest Level Since 2009 as Economists Turn to Private Data During Federal Shutdown

As the U.S. government shutdown persists, private sector data reveals a weakening labor market, with hiring and layoffs slowing sharply. Job cuts have surged in 2025, while new hiring intentions plummet to 2009 levels. Economists face uncertainty without official data, raising concerns about consumer confidence and economic resilience going forward.

OpenAI Completes $6.6 Billion Secondary Share Sale, Reaching $500 Billion Valuation

OpenAI completed a $6.6 billion share sale, achieving a valuation of $500 billion, making it the most valuable private company, surpassing SpaceX. Despite a smaller tender than expected, investor confidence is strong. This liquidity event supports employee retention and reflects strategic decisions around private market dynamics and future monetization efforts.

Wealthfront Files for IPO, Signaling Fintech’s Return to Public Markets

Wealthfront Inc. has officially filed for a U.S. IPO, signaling a resurgence of fintech in public markets. Managing $88.2 billion in client assets and earning $308.9 million in revenue, the company aims to position itself among high-profile fintech firms. Its IPO reflects growing investor confidence in sustainable digital finance models.

Dinner with DBS CEO Tan Su Shan Fetches Nearly $15,000 at Sotheby’s Charity Auction

A private dinner with Tan Su Shan, CEO of DBS Group, auctioned for S$18,900, highlighting her influence in finance and philanthropy. The charity event raised over S$2.8 million for the National Gallery Singapore’s programs. The evening emphasized the intersection of art, high finance, and civic engagement within the region’s philanthropic sphere.