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Trading Day: Tech it to the limit, one more time
Yahoo Finance·2025-10-29 05:06

How much this gets on Fed officials' radar remains to be seen. But at the very least, and with no economic data being released due to the government shutdown, it is a sign that the labor market is weakening, perhaps even more than they have bargained for.Amazon and UPS on Tuesday announced combined job losses of at least 62,000, among the biggest round of publicly confirmed job cuts in a year that has seen a slow, steady drumbeat of firms shedding workers.Many Big Tech firms have commitments, joint ventures ...