42,000 Jobs added

    The ADP reported that there were 42,000 jobs added by employers in October, which was higher than Economist were expecting. The government is still in a shut down, so we are not sure if the government's job report will release on Friday. It will most likely be a delay. Although ADP shows this increase in jobs, there are other private surveys of the job market showing that there is a weakening in replacing workers who quit or retire, and some big-name firms such as IBM and Amazon have announced layoffs (Smart). Large employers (500 employees+) drove the gains in the ADP report, with 74,000 jobs added, while industry sector, trade, transportation and utilities added 47,000 jobs, and education and health care tide in added 25,000 workers. 
    
    Studies have shown that employers cut jobs in professional business services are down by 15,000, while information, and leisure and hospitality, were also cut by 17,000 and 5,000 (Smart). There was a recent survey done by Paychex's that shows that hiring among small businesses with fewer than 50 employees, which causes some caution, however, in September, there were 29,000 jobs lost, which means that we are doing a little better. 

    The article I read also talked about how there were two dissents at the Fed’s October meeting. At the meeting, one member of the central bank’s monetary policy committee wanted a bigger cut of a half point and the other preferred no cut, which means that nobody knows what they are going to do and that will depend on what incoming data, assuming the Fed has enough to make a decision (Smart). 

Smart, T. (2025). ADP: Employers Add 42,000 Jobs in October. US News & World Report; U.S. News &

    World Report. https://money.usnews.com/money/personal-finance/articles/adp-employers-add-42-000-        jobs-in-october

Russia tries to re-stake its claim to China after Trump’s meeting with Xi

Russia is moving to reaffirm its strategic relationship with China following Donald Trump’s meeting with Xi Jinping. Moscow has described Mikhail Mishustin’s visit to China as “very important,” and aims to deepen cooperation in trade, technology, energy and agriculture. Despite China-Russia ties strengthening since 2022, recent data show Chinese exports to Russia are down, while Russian exports to China are rising modestly, underscoring Moscow’s desire to stabilize the partnership amid wider geopolitical shifts.

Russia tries to re-stake its claim to China after Trump’s meeting with Xi

Open AIs Big Stock Market Debut soon

OpenAI is preparing to go public, with plans for an IPO that could value the company at up to $ 1 trillion. The firm may launch the IPO as early as the second half of 2026, though the timing could shift depending on market conditions. The move from private to public has significant implications for the markets. It could unlock a new pathway for raising capital, bringing in billions of dollars to fund acquisitions, hire thousands of new employees, and expand AI infrastructure. The IPO signals strong investor confidence in artificial intelligence as a significant growth sector, with global spending on AI projected to reach over $ 500 billion by 2030. At the same time, it will put pressure on OpenAI to demonstrate consistent revenue growth and profitability once it is accountable to public shareholders. The listing may also create ripple effects across the tech industry, boosting investor interest in hundreds of AI startups, chip makers, and cloud infrastructure companies.

https://www.reuters.com/business/openai-lays-groundwork-juggernaut-ipo-up-1-trillion-valuation-2025-10-29/