US Stocks Rebound, Oil Reserve Release Looms and OpenAI Fires Three Researchers: What's Going On Today
Markets
US stocks advanced on Friday, October 2, after September payrolls increased by just 29,000, far below the 84,000 forecast, while unemployment rose to 4.2%. Reuters reported that the softer jobs data quieted expectations of further Federal Reserve rate hikes; CNBC also reported the payroll and unemployment figures.
The G7 said it would release 100 million barrels of oil and diesel after President Trump threatened an export ban, according to the BBC's October 2 reporting. The measure comes amid rising fuel prices and uncertainty over supply.
Tech
OpenAI said it fired three researchers for mishandling sensitive information outside company procedures. The BBC reported that at least two were involved in safety research; The Wall Street Journal separately reported the dismissals and alleged sharing of confidential information with an AI-safety group. OpenAI did not publicly name the former employees.
Sources
Reuters, CNBC, BBC and The Wall Street Journal.
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