🧠 US job openings fall to pandemic-era levels / Google can keep Chrome, not keep $3.45B in EU fine

🕊️ No paywalled articles.

🏛️ Financial News

• Jobs Report 💼 CNBC: Payrolls rose 22,000 in August, less than expected in further sign of hiring slowdown

• Jobs Report : Private Payroll 🏪 CNBC: Labor market growth slows dramatically in August with US adding just 54,000 jobs, ADP says

• Administration 🏛️ CNBC: US 'very troubled' by Norway wealth fund's divestment from Caterpillar

• US Tariffs 🗽 CNBC: Trump finalizes Japan trade deal with 15% tariffs as Ishiba faces discontent from within party

• Federal Reserve 💵 CNBC: Treasuries Join Global Bond Selloff With 30-Year Yield Near 5%

• Gold Market $GLD 🧈 Kitco News: Gold price rallies to record high after downbeat US jobs data

• Home Mortgages 🏡 CNBC: Mortgage rates see biggest one-day drop in over a year

📉 US Recession Watch

• Unemployment 💼 Reuters: US unemployment rate near 4-year high as labor market hits stall speed

  • Yahoo! Finance: There are more Americans out of work than there are jobs open for the first time since April 2021

  • CNBC: Job openings data falls to levels rarely seen since pandemic

• Consumer : Sentiment 🛍 Reuters: US holiday spending set for steepest drop since pandemic, PwC survey shows

  • CNBC: Gen Z slashes holiday budgets ahead of shopping season 

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📊 Global Markets

• S&P 500 $VOO ( ▼ 0.27% )🌍 Sherwood by Robinhood: US stocks rise as soft job growth fortifies bets on a Federal Reserve rate cut this month

  • CNBC: Robinhood, AppLovin, and Emcor pop on announcement of addition to S&P 500 

• Europe Markets $STOXX ( 0.0% ) 🏰 euronews: Why September tends to spook European equity markets 

• China Markets $MCHI ( ▲ 1.74% ) 🐉 Barrons: Foreign fund flows into Chinese equities lose steam even as stocks hit 10-year high

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🛍 Staples & Discretionary

• Healthcare : Pharmaceuticals $KVUE ( ▼ 9.35% ) 💊 Investopedia via Yahoo! Finance: Tylenol maker Kenvue's stock slumps following report RFK Jr. will link It to autism

• Retail : eCommerce $AMZN ( ▼ 1.42% ) 🛒 Rueters: Exclusive: Amazon US Prime sign-ups slow despite expanded Prime Day push, data shows

• Consumer : Apparel $LULU ( ▼ 18.58% ) 🎽 CNBC: Lululemon shares plunge as earnings guidance falls well short of estimates

•  Consumer : Apparel $AE ( 0.0% ) 👖 CNBC: American Eagle stock soars as retailer says Sydney Sweeney campaign is ‘best’ to date, beats earnings

• Retailer : Department Store $M ( ▲ 0.52% )🛍 CNBC: Macy’s shares jump as retailer tops earnings estimates, raises outlook

• Staples : Goods $KHC ( ▲ 1.22% ) 🥫 CNBC: Warren Buffett says he is ‘disappointed’ in Kraft Heinz split, as shares fall

• Energy : Oil & Gas $COP ( ▼ 2.95% )🛢️CNBC: ConocoPhillips says it will cut workforce by 20-25%, shares fall

• Airlines $BA✈️ ManufacturingDive: Boeing begins hiring to replace striking workers at Missouri, Illinois plants 

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🌐 Technology 

• Technology $GOOG ( ▲ 1.08% )🔍 CNBC: Google gets to keep Chrome but is barred from exclusive search deals, judge rules

  • Rueters: Google hit with $3.45B EU antitrust fine over adtech practices

• Technology $MSFT ( ▼ 2.55% ) 👩‍💻 The Verge: Microsoft is about to shake up its Copilot pricing for businesses

• Autos : EV $TSLA ( ▲ 3.64% ) 🔌 Rueters: Tesla's 'Super Ambitious' $1T deal for Musk could still pass shareholder muster

  • CNBC: Musk looks past Tesla sales slump, says 80% of value will come from Optimus

  • Sherwood by Robinhood: Tesla’s new Robotaxi app is already near the top of Apple’s App Store

  • Yahoo! Finance: Tesla Shareholders to Vote on xAI Investment in November

• Semi-conductors : ASICs $AVGO ( ▲ 9.41% )⚡ SiliconANGLE: Broadcom jumps on 63% increase in AI revenue - including $10B customer analysts say is OpenAI - as results beat estimates

• Software : ERP $CRM ( ▲ 2.77% ) 💼 CNBC: Salesforce CEO calls guidance ‘appropriately conservative’ as stock declines after earnings

• Software : MarTech $FIG ( ▲ 0.55% )✍ CNBC: Figma’s stock plunges after company’s first earnings report since IPO

• Software : Productivity $DOCU ( ▲ 4.75% ) 📑Yahoo! Finance: DocuSign surprises with Q2 sales, as stock soars

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🦾 Artificial Intelligence

• Frontier LLMs : Anthropic 🤖 CNBC: Anthropic raises $13B funding round at $183B valuation

• Frontier LLMs : OpenAI 🤖 TechCrunch: OpenAI announces AI-powered hiring job’s platform to take on Microsoft’s LinkedIn

• TechCrunch: OpenAI reorganizes research team behind ChatGPT’s personality

• CNBC: OpenAI acquires Statsig for $1.1B, brings on CEO as applications executive 

• Security 🛡️ CNBC: Palo Alto Networks CEO says the enterprise may not welcome agentic AI browsers 

• Job Search 💼 CNBC: AI adoption linked to 13% decline in jobs for young U.S. workers, Stanford study reveals

• 📧 Subscribe to Unprompted Invest beyond Nvidia in the $15T global AI market, from infrastructure, ingest & training, and inference (Coming soon)

⚖️ AI Lawsuits 

• Media Adoption 📺 TechCrunch: Warner Bros. sues Midjourney for AI images of Superman, Batman, and other characters

• Music Adoption 🎶 VICE: The “stealing copyrighted songs to train AI” thing is way worse than we thought

• Big Tech LLMs 🌐 CNBC: Apple sued by authors over use of books in AI training

• Frontier LLMs : Anthropic 🤖 CNBC: Anthropic agrees to pay $1.5B to settle authors’ copyright lawsuit

We’ll be back next Saturday morning to recap the week’s financial news.

Thanks to Vincent Alternatives Investing for sponsoring.

✨ Happy Unprompting,

Rawee
[email protected]

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