WS #13783
US July jobs report showed 23k job losses and downward revisions, cutting September Fed hike odds to ~43% from 64%, boosting equities and pressuring the dollar. Apple is testing DRAM chips from Chinese supplier CXMT for iPhones and MacBooks, a supply-chain shift that could impact memory suppliers and Apple's margins, pending US approval. TSMC July revenue surged 44.7% YoY to $16.03B, and Arm reported record Q1 revenue of $1.29B (+22% YoY) with data center royalties doubling, reinforcing AI demand.
Fed rate hike odds drop on weak jobs data
US July jobs report showed 23k job losses and downward revisions, cutting September Fed hike odds to ~43% from 64%, boosting equities and pressuring the dollar.
Apple is testing DRAM chips from Chinese supplier CXMT for iPhones and MacBooks, a supply-chain shift that could impact memory suppliers and Apple's margins, pending US approval.
TSMC July revenue surged 44.7% YoY to $16.03B, and Arm reported record Q1 revenue of $1.29B (+22% YoY) with data center royalties doubling, reinforcing AI demand.