Morning, internet.

Edition 50 · Tuesday, October 6, 2026

Here's what happened.

Etched fields funding offers at $40B+ valuation, sources say

AI chip startup Etched is receiving investment offers at a valuation above $40 billion, according to sources cited by TechCrunch. The offers come only a couple of months after the company’s last major funding round and would value it at least twice as highly.

A Journey to the Depths of Ancient Mars?

NASA’s Perseverance rover has found a large field of light-toned rocks on Mars after exploring a region of ancient rock beyond Jezero crater’s western rim. The unusual rocks may offer clues about the planet’s ancient geology.

What the latest rate hike means for you

The Federal Reserve raised its target range by 25 basis points to 3.75%–4%. Mortgage rates, however, track long-term yields rather than the federal funds rate, so the policy move does not directly determine mortgage costs.

What’s with all the taxes on the California ballot?

Five of the 14 statewide measures on California’s November ballot concern taxes, the most tax measures voters have faced on a general-election ballot. County elections officials are beginning to send mail ballots less than a month before the election.

How to get a job in this ‘low-hire, low-fire’ market

The U.S. labor market is stuck in a “low-hire, low-fire” pattern that is making it especially difficult for unemployed people to break in. Employers announced 90,787 planned hires in September, down 23% from a year earlier, while unemployment rose to 4.2%; experts recommend targeted applications, networking and concrete demonstrations of skills rather than mass submissions. The story also examines how AI screening is increasing the importance of matching job-posting language and showing distinctly human capabilities.

Holiday hiring is getting ‘smaller and more surgical’

Holiday hiring is expected to be smaller and more targeted this year, with many major U.S. companies not publicly committing to fourth-quarter staffing plans. The shift reflects uneasy consumer confidence and changing staffing models, suggesting fewer seasonal opportunities than in a typical holiday hiring cycle.