WS #13615
July payrolls fell 23k, unemployment dropped to 4.1% but participation slumped to 61.4%; markets price out September rate hike, yields fall, gold rises. OpenAI slows Astra model development citing critical cyber capabilities, raising AI safety concerns and potentially delaying AI product releases. Airbnb surges 15-16% on Q2 beat and raised guidance; AAOI reports record revenue with demand outstripping supply; Onto Innovation jumps 13% on AI demand.
US jobs report and Fed expectations
July payrolls fell 23k, unemployment dropped to 4.1% but participation slumped to 61.4%; markets price out September rate hike, yields fall, gold rises.
OpenAI slows Astra model development citing critical cyber capabilities, raising AI safety concerns and potentially delaying AI product releases.
Airbnb surges 15-16% on Q2 beat and raised guidance; AAOI reports record revenue with demand outstripping supply; Onto Innovation jumps 13% on AI demand.