
Companies: Amazon beats expectations. Amazon reported stronger-than-expected third-quarter results driven by solid growth in Amazon Web Services, lifting company revenue and profit margins beyond market estimates. The company confirmed workforce reductions, reaffirmed its capital allocation plans, and highlighted cloud demand as the main profit driver. Economy: October jobs data delayed. The planned Bureau of Labor Statistics employment report was postponed due to a United States government shutdown, forcing analysts to rely on private and high-frequency indicators. Economists warned that the absence of official data complicates the evaluation of inflation pressures and short-term labor market trends. Markets: Stocks rally on technology strength. Major United States stock indexes rose as Amazons performance boosted investor sentiment and offset weaker results in other sectors, while reactions among other large technology companies remained mixed. Traders pointed to upcoming corporate earnings, central bank communications, and sector rotation as key influences on market positioning and trading volume. Innovation: APEC debate on artificial intelligence governance. Global leaders discussed proposals for international cooperation on artificial intelligence standards, safety, and data flows, including the possible creation of a global body to coordinate oversight. Meanwhile, major cloud and artificial intelligence providers announced new investments to expand infrastructure and meet rising demand for generative technology.