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The government shutdown has put markets in a weird spot. On the one hand, no news is good news, and the absence of a key jobs report on Friday did little to derail the continued march to record highs. On the other hand, investors are somewhat in the dark until the government reopens. Luckily, a few updates are still trickling through. With the shutdown’s chaos expected to extend into this week, investors will be turning to a handful of sources to make sense of the economic picture. Here’s what’s on the agenda. FOMC minutes and a roster of Fed speakers…

Deloitte has agreed to partially refund an Australian government department after errors were discovered in a report completed partly using the technology.The Big Four firm had been contracted to conduct an assurance review of the country’s Targeted Compliance Framework (TCF), part of the IT system that administers welfare and benefits payments. The firm completed the seven-month project, which was worth 440,000 Australian dollars, around $290,000, in June.But the final report, published in July, was found to contain multiple errors, including academic references to people who didn’t exist and a made-up quote from a Federal Court judgment, the Australian Financial Review…

2025-10-06T16:17:50Z Share Facebook Email X LinkedIn Reddit Bluesky WhatsApp Copy link lighning bolt icon An icon in the shape of a lightning bolt. Impact Link Save Saved Read in app This story is available exclusively to Business Insider subscribers. Become an Insider and start reading now. Have an account? Log in. MrBeast is on edge about how quickly AI is advancing. The world’s top YouTuber said AI videos could impact how creators make a living. MrBeast earlier tested releasing his own AI tools, but reversed course after facing backlash. MrBeast is feeling uneasy about AI. The world’s top YouTuber thinks…

Warren Buffett’s close followers are celebrating his latest deal in his final quarter as Berkshire Hathaway CEO — and they tell Business Insider he may not be done yet.Berkshire Hathaway said on Thursday that it would pay $9.7 billion in cash for Occidental Petroleum’s chemicals business, OxyChem: its biggest acquisition since it paid $12 billion for insurer Alleghany in 2022.David Kass, a finance professor at the University of Maryland and longtime Buffett blogger, said the 7% slump in Occidental stock after news of the deal broke suggested Berkshire had secured “extremely favorable terms.”That’s unsurprising given the two companies’ history. Berkshire…

Nike’s turnaround plan is showing early signs of progress, but it will “take a while” for the company to return to profitable growth, CEO Elliott Hill said in an interview with CNBC’s Sara Eisen aired Monday.”When we come to work we think about three brands, and then multiple sports under each brand and then 190 countries that roll up to our four geographies,” Hill said in a sit-down interview from the company’s headquarters in Beaverton, Oregon. “Each brand times sport, and each [geography] times country, they’re at different stages of the evolution.” When asked when investors can expect Nike to get…

Rep. Russell Fry, R-S.C., discusses what it will take to end the government shutdown and Gavin Newsoms lawsuit over President Donald Trumps deployment of the National Guard on Mornings with Maria. The Treasury Department announced on Monday that Social Security Commissioner Frank Bisignano will also serve as the CEO of the Internal Revenue Service (IRS). Under the move, Treasury Secretary Scott Bessent will remain in the role of acting IRS commissioner while Bisignano will report directly to him from the newly created CEO role.As the IRS CEO, Bisignano will manage the organization and be responsible for all day-to-day operations at the…

CBS News studio at Times Square in Manhattan, New York, United States of America, on July 6th, 2024. Beata Zawrzel | Nurphoto | Getty ImagesParamount Skydance said Monday it has agreed to acquire online publication The Free Press, naming its co-founder and CEO, Bari Weiss, as CBS News’ editor-in-chief.The digital upstart publication, which was launched by Weiss in 2021, will be joined with CBS News. Paramount said Monday The Free Press has 1.5 million subscribers, more than 170,000 of which are paid subscriptions.Weiss founded The Free Press after resigning from The New York Times’ opinion desk in 2020.”Weiss will shape…

In an unusual move, the commissioner of the Social Security Administration, Frank Bisignano, has been named to a dual role as CEO of the Internal Revenue Service, a newly created position.Treasury Secretary Scott Bessent, who has also been filling a dual role as acting IRS commissioner since forcing out Billy Long in August after only two months on the job, made the announcement Monday morning. Bessent will continue as acting commissioner of the IRS, and Bisignano will report to him directly. Since January, the IRS has had seven commissioners and acting commissioners, but Bisignano will be taking over a new…

Dan Schulman, CEO, Paypal speaking at the World Economic Forum in Davos, Switzerland, Jan. 23, 2020.Adam Galacia | CNBCVerizon announced on Monday that the board of directors has appointed former PayPal CEO Dan Schulman as the company’s new CEO.Schulman replaces Hans Vestberg, who had led the company since 2018.Shares of the company sank roughly 5% in midday trading.Verizon said Vestberg will remain on the board of directors until the 2026 annual meeting and will serve as a special advisor through Oct. 4, 2026, to ensure a smooth transition and close the deal to acquire Frontier Communications.Verizon on Monday also announced…

Alistair Berg | Digitalvision | Getty ImagesOnline holiday spending in the U.S. is expected to jump 5.3% year over year to $253.4 billion as consumers seek discounts and even enlist the help of artificial intelligence-powered chatbots, according to an Adobe Analytics report released Monday.Yet that growth would still be slower than the year-ago holiday season, when online sales rose 8.7% from Nov. 1 to Dec. 31, the company said. Adobe’s data tracks more than 1 trillion visits to U.S. retail websites, 100 million unique items and 18 different product categories.That growth is also below the 10-year average of roughly 13%…