Morning Brief

Jobless claims, China stocks dip, OpenAI funding

Listen Later

Initial jobless claims for the week ending in September 28 showed more Americans filed for unemployment benefits than anticipated. The figure came in at 225,000, slightly above the estimated 221,000. This report comes ahead of September's jobs report, which could trigger a sell-off for US markets (^DJI,^GSPC, ^IXIC) as investors grow increasingly concerned about a slowing economy.

  • The Hang Seng (^HSI) ended the day lower after a stimulus-fueled rally pushed the index up 25% over the last month. 
  • OpenAI's valuation soared to $157 billion after its latest funding round, putting it on par with companies like AT&T (T), Uber (UBER), and Goldman Sachs (GS). The $6.6 billion in new funding is one of the largest ever funding rounds for a private company, and comes nearly a year after OpenAI's board fired then rehired CEO Sam Altman.
  • Shares of Levi Strauss & Co. (LEVI) are tumbling after the company slightly missed third quarter revenue expectations and trimmed its full-year revenue guidance. The company is also weighing the sale of its Dockers brand.

    • Yahoo Finance's flagship show, Morning Brief, is the ultimate guide to making smarter portfolio decisions.

    Find this and other episodes of Morning Brief here.

    Thoughts? Questions? Fan mail? Email us at [email protected].

    Yahoo Finance's Morning Brief is hosted by Seana Smith and Brad Smith.

    Learn more about your ad choices. Visit megaphone.fm/adchoices

    ...more
    View all episodesView all episodes
    Download on the App Store
    Morning BriefBy Yahoo Finance
    • 4.8
    • 4.8
    • 4.8
    • 4.8
    • 4.8

    4.8

    5 ratings

    More shows like Morning Brief

    View all
    Motley Fool Money by The Motley Fool

    Motley Fool Money

    3,237 Listeners

    Investing Insights by Morningstar

    Investing Insights

    519 Listeners

    Bloomberg Intelligence by Bloomberg

    Bloomberg Intelligence

    409 Listeners

    Masters in Business by Bloomberg

    Masters in Business

    2,168 Listeners

    Bloomberg Businessweek by Bloomberg

    Bloomberg Businessweek

    427 Listeners

    Zacks Market Edge by Zacks Investment Research

    Zacks Market Edge

    297 Listeners

    WSJ Minute Briefing by The Wall Street Journal

    WSJ Minute Briefing

    686 Listeners

    Wall Street Breakfast by Seeking Alpha

    Wall Street Breakfast

    1,045 Listeners

    Schwab Market Update Audio by Charles Schwab

    Schwab Market Update Audio

    363 Listeners

    Thoughts on the Market by Morgan Stanley

    Thoughts on the Market

    1,316 Listeners

    Barron's Live by Barron's Live

    Barron's Live

    213 Listeners

    Bloomberg Daybreak: US Edition by Bloomberg

    Bloomberg Daybreak: US Edition

    89 Listeners

    WSJ's Take On the Week by The Wall Street Journal

    WSJ's Take On the Week

    149 Listeners

    Stock Market Today With IBD by Investor's Business Daily

    Stock Market Today With IBD

    55 Listeners

    Opening Bid Unfiltered by Yahoo Finance

    Opening Bid Unfiltered

    30 Listeners

    Capitol Gains by Yahoo Finance

    Capitol Gains

    4 Listeners

    Financial Freestyle with Ross Mac by Yahoo Finance

    Financial Freestyle with Ross Mac

    7 Listeners

    Stocks in Translation by Yahoo Finance

    Stocks in Translation

    15 Listeners

    Asking For A Trend by Yahoo Finance

    Asking For A Trend

    0 Listeners

    Overtime: Market Domination by Yahoo Finance

    Overtime: Market Domination

    0 Listeners

    Market Domination by Yahoo Finance

    Market Domination

    0 Listeners

    Catalysts by Yahoo Finance

    Catalysts

    0 Listeners

    Mind Your Money by Yahoo Finance

    Mind Your Money

    3 Listeners

    Decoding Retirement by Yahoo Finance

    Decoding Retirement

    18 Listeners

    Living Not So Fabulously by Yahoo Finance

    Living Not So Fabulously

    5 Listeners

    Yahoo Finance Sports Report by Yahoo Finance

    Yahoo Finance Sports Report

    3 Listeners

    Warrior Money by Yahoo Finance

    Warrior Money

    4 Listeners

    Yahoo Finance, Davos: The World Economic Forum by Yahoo Finance

    Yahoo Finance, Davos: The World Economic Forum

    0 Listeners

    Invest 2024 by Yahoo Finance

    Invest 2024

    0 Listeners

    Yahoo Finance Awards 2024 by Yahoo Finance

    Yahoo Finance Awards 2024

    0 Listeners

    Trader Talk by Yahoo Finance

    Trader Talk

    8 Listeners

    Stock Movers by iHeartPodcasts

    Stock Movers

    23 Listeners