In the Unlock the Editor’s Digest, Roula Khalaf selects key stories, including the US economy adding 254,000 jobs in September, leading to speculation of a slower pace of interest rate cuts by the Federal Reserve. The strong job market is seen as positive for Vice President Kamala Harris’s presidential bid, with economists praising the robust growth and employment. Despite the positive data, concerns remain about potential recession fears and the impact on interest rate policies moving forward.
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Intel Names Lip-Bu Tan as New C.E.O. Amid Turnaround Efforts
Intel, a struggling semiconductor company, has appointed Lip-Bu Tan as its new CEO to help restore its reputation and market share. Tan, a seasoned business leader, faces the challenge of revitalizing the company after years of decline, including job cuts and loss of market value. Investors have responded positively to Tan's appointment, with Intel's stock price rising over 11% in aftermarket trading. Full Article
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