Markets, earnings, deals, and the macro shifts that move them. Reported for readers who already know the basics.
The Labor Department reported a substantial 336,000 increase in nonfarm payrolls for the month, far surpassing the Dow Jones prediction of 170,000. This jump was significantly larger than the previous month's figures. The unemployment rate stood at 3.8%, a slight deviation from the anticipated 3.7%.
Jay Goldberg · 1114 DAYS AGO
The Commerce Department revealed that it had a 0.1% increase for the month, contrary to the 0.2% gain predicted by the Dow Jones consensus of economists. This reflected the smallest monthly rise since November 2020, with the annual increase for core PCE standing at 3.9%, aligning with projections.
Sara Montes de Oca · 1121 DAYS AGO
Gensler has proposed more than 40 rules, which has heightened tension among Republicans and led to increasing confrontation with financial services sectors including hedge funds, mutual funds, and trading firms.
Jay Goldberg · 1123 DAYS AGO
The ongoing meeting left the fed funds rate within the 5.25%-5.5% bracket, marking a 22-year peak. This rate not only influences interbank overnight lending but also impacts a plethora of consumer debts.
Sara Montes de Oca · 1129 DAYS AGO
In a bid to expedite customer data analytics, GrowthLoop unveiled its groundbreaking collaboration with Google Cloud today. This partnership brings forth the 'Easy Button' solution, an innovation designed to revolutionize the way marketing teams access and employ their customer data.
Sara Montes de Oca · 1130 DAYS AGO
Upon opening, Arm's valuation soared to a near $60 billion. Trading with the “ARM” ticker symbol, the firm offloaded approximately 95.5 million shares. Notably, 90% of the company's outstanding shares remain under SoftBank’s purview, which had privatized the firm in 2016.
Sara Montes de Oca · 1135 DAYS AGO
Qualcomm's continued collaboration with Apple is set to enhance its handset business, which recorded sales of $5.26 billion in the quarter ending in June. Given that roughly 21% of Qualcomm’s $44.
TechEchelon Staff · 1139 DAYS AGO
While the policy revisions have yet to be activated, they are scheduled to come into force on September 29.
Sara Montes de Oca · 1149 DAYS AGO
The U.S. job market experienced a setback in August 2023 as unemployment figures spiked.
Sara Montes de Oca · 1149 DAYS AGO
In a groundbreaking move, the Morongo Casino Resort and Spa in Cabazon, CA, has unveiled a state-of-the-art mobile app for its casino....
TechEchelon Staff · 1150 DAYS AGO
Earlier, Arm, the chip designer under the SoftBank umbrella of Japan, announced its intention to list on the Nasdaq. It comes seven years after its $32 billion acquisition and privatization.
Jay Goldberg · 1152 DAYS AGO
Even though Powell recognized advancements in addressing inflation, he emphasized that it's still higher than the desired threshold. He signaled that the Federal Reserve won't rush into any decisions, but he didn't indicate a willingness to relax their stance in the immediate future.
Sara Montes de Oca · 1156 DAYS AGO
The company's top executive, Mike Sievert, clarified in the email, which was also documented in a filing with the Securities and Exchange Commission, that the reductions would mostly affect corporate, tech, and back-office positions. He emphasized that roles in retail and customer interactions would remain untouched.
TechEchelon Staff · 1156 DAYS AGO
For the fiscal year ending March 2023, the company reported revenues of $2.68 billion and a net income of $524 million. This marks a slight decrease from its 2022 revenues of $2.7 billion.
Jay Goldberg · 1159 DAYS AGO
Among the 584 items to be auctioned are iconic blue bird logo signs, office furniture, and an array of musical instruments.
TechEchelon Staff · 1171 DAYS AGO
Despite predictions that the unemployment rate would remain at 3.6%, it dipped to 3.5%, which is marginally higher than the lowest level since late 1969.
TechEchelon Staff · 1177 DAYS AGO
The "initial phase of operations" in Austin is scheduled to commence this fall with a full deployment of autonomous vehicles. However, Waymo plans to delay providing services to the general public until a few months after this initial rollout.
Sara Montes de Oca · 1178 DAYS AGO
The credit rating of the U.S. has been reduced to AA+ from AAA by Fitch Ratings, prompted by the growing U.S. debt and a perceived weakening of governance. Furthermore, Fitch anticipates the U.S. may face a recession later this year.
Sara Montes de Oca · 1179 DAYS AGO
Written for readers who already know the basics — markets, AI, and the policy decisions that shape both.