WS #13629
July nonfarm payrolls fell 23K vs +80K expected, prior months revised down 103K, flipping September Fed hike odds to a hold (56%) and driving gold to best week since March 2020. AMD announces acquisition of Taalas, an AI inference chip startup, marking third AI acquisition in nine months; stock gave back 2.66% on the day.
US Labor Market Contraction
July nonfarm payrolls fell 23K vs +80K expected, prior months revised down 103K, flipping September Fed hike odds to a hold (56%) and driving gold to best week since March 2020.
AMD announces acquisition of Taalas, an AI inference chip startup, marking third AI acquisition in nine months; stock gave back 2.66% on the day.