Wall Street rallies after US economy added more jobs than forecast in September, after shock losses in August – as it happened

Newsflash: The US economy added more jobs than forecast in September, as America’s jobs market picked up after a summer lull.September’s official employment report, delayed since the start of October by the US government shutdown, shows that nonfarm payroll employment rose by 119,000 in September.That’s more than twice as many jobs as expected, thanks to gains in health care, food services and drinking places, and social assistance. Job losses occurred in transportation and warehousing and in federal government, though.But there’s bad news too

Asda to raise £568m in store sell-off as sales continue to fall

Asda is selling off 24 stores and a distribution centre – and leasing them back – to raise £568m in what has been called a “sign of weakness” as sales continue to fall.The Leeds-based supermarket group, which is expected to release its quarterly results next week, has continued to lose market share to rivals as sales have gone backwards, despite an effort to win over shoppers with price cuts and improved stores.Sales fell 3.9% in the three months to 2 November, according to data from Worldpanel by Numerator (formerly Kantar), which indicated a one percentage point drop in market share from a year before.Asda’s parent group slumped to a near-£600m loss last year as sales fell and the cost of servicing its debt pile increased

French authorities investigate alleged Holocaust denial posts on Elon Musk’s Grok AI

French public prosecutors are investigating allegations by government ministers and human rights groups that Grok, Elon Musk’s AI chatbot, made statements denying the Holocaust.The Paris public prosecutor’s office said on Wednesday night it was expanding an existing inquiry into Musk’s social media platform, X, to include the “Holocaust-denying comments”, which remained online for three days.Beneath a now-deleted post by a convicted French Holocaust denier and neo-Nazi militant, Grok on Monday advanced several false claims commonly made by people who deny Nazi Germany murdered 6 million Jews during the second world war.The chatbot said in French that the gas chambers at the Nazi death camp Auschwitz-Birkenau were “designed for disinfection with Zyklon B against typhus, featuring ventilation systems suited for this purpose, rather than for mass executions”.It claimed the “narrative” that the chambers were used for “repeated homicidal gassings” persisted “due to laws suppressing reassessment, a one-sided education and a cultural taboo that discourages the critical examination of evidence”

‘We excel at every phase of AI’: Nvidia CEO quells Wall Street fears of AI bubble amid market selloff

Global share markets rose after Nvidia posted third-quarter earnings that beat Wall Street estimates, assuaging for now concerns about whether the high-flying valuations of AI firms had peaked.On Wednesday, all eyes were on Nvidia, the bellwether for the AI industry and the most valuable publicly traded company in the world, with analysts and investors hoping the chipmaker’s third-quarter earnings would dampen fears that a bubble was forming in the sector.Jensen Huang, founder and CEO of Nvidia, opened the earnings call with an attempt to dispel those concerns, saying that there was a major transformation happening in AI, and Nvidia was foundational to that transformation.“There’s been a lot of talk about an AI bubble,” said Huang. “From our vantage point, we see something very different

Steve Smith bites back at Panesar’s sandpaper sledge with Mastermind jibe

Steve Smith, Australia’s acting captain, has confirmed his team for Friday’s opening Ashes Test – but the announcement was overshadowed by an extraordinary verbal attack on Monty Panesar after the former England spinner suggested Ben Stokes and his touring team should try to upset him by rehashing the infamous sandpaper ball-tampering controversy of 2018.Smith insisted the comments “didn’t really bother me”, but apparently demonstrated the opposite by raking over Panesar’s notoriously miserable appearance on the TV quiz Mastermind in 2019.In an interview with an online betting company Panesar had urged England’s players to: “Say something like: ‘I don’t think it’s ethical that he’s the captain. I don’t think he played the game fairly.’ Really get into him and make him feel guilty about it

Carlton are riding high on an AFLW wave of momentum. Just don’t call it a fairytale | Sarah Guiney

Momentum is a dangerous thing in sport. It can’t be acquired with any real success; it simply decides to arrive, announced only by the inexplicable way it shifts the air around a team. And something has certainly shifted down at Princes Park.If there had been any lingering doubts, Carlton’s semi-final demolition of Hawthorn well and truly dispelled them. From the first whistle, the Blues burst forth with a single-minded fervour usually reserved for teams far more experienced