WS #11294
June US jobs report shows only 57K new jobs, well below expectations, easing rate hike fears; Fed Chair Warsh says inflation too high but risks diminished. Meta plans to sell excess AI compute capacity, stock up 8.81% on July 1; signals shift from hyperscaler spending to asset efficiency. Apple foldable iPhone production expanded to ~10M units; iPhone 18 Pro may use Apple C2 modem outside US, Qualcomm in US; DRAM cost spike inflates BOM. Singapore seizes $42.5M mansion linked to Nvidia AI chip smuggling; Palantir jumps 9% on Nvidia sovereign-AI deal. EU top court upholds €4.12B fine against Google for Android antitrust violations, final ruling.
US Jobs Data / Fed Rate Path
June US jobs report shows only 57K new jobs, well below expectations, easing rate hike fears; Fed Chair Warsh says inflation too high but risks diminished.
Meta plans to sell excess AI compute capacity, stock up 8.81% on July 1; signals shift from hyperscaler spending to asset efficiency.
Apple foldable iPhone production expanded to ~10M units; iPhone 18 Pro may use Apple C2 modem outside US, Qualcomm in US; DRAM cost spike inflates BOM.
Singapore seizes $42.5M mansion linked to Nvidia AI chip smuggling; Palantir jumps 9% on Nvidia sovereign-AI deal.
EU top court upholds €4.12B fine against Google for Android antitrust violations, final ruling.