Business & Markets — October 4, 2026

October Fed hike odds fall. Traders sharply lowered the odds of an October Fed rate increase after September's jobs report showed unemployment rising to 4.2%, ahead of Fed minutes and inflation data this week.

CNBC Finance · Read more →

Lyft settles driver lawsuit. Lyft agreed to pay $272.5 million to settle a landmark driver misclassification lawsuit. Labor advocates argue workers are owed far more.

Ars Technica · Read more →

Nike plans $2.5 billion in cuts. Nike launched a multiyear $2.5 billion cost-cutting plan and warned of sharper sales declines as demand weakens in key markets, clouding its turnaround effort.

Forbes · Read more →