WS #11321
June nonfarm payrolls added only 57,000 jobs vs ~115,000 expected, with downward revisions, reducing odds of a Fed rate hike and boosting risk assets, gold, and Bitcoin. Meta plans to sell excess AI compute capacity as cloud service, threatening CoreWeave and Nebius; CPPIB invests $1.75bn in EQT's AI infrastructure; Nvidia launches revenue-sharing AI cloud financing.
Weak US Jobs Report Dampens Rate Hike Expectations
June nonfarm payrolls added only 57,000 jobs vs ~115,000 expected, with downward revisions, reducing odds of a Fed rate hike and boosting risk assets, gold, and Bitcoin.
Meta plans to sell excess AI compute capacity as cloud service, threatening CoreWeave and Nebius; CPPIB invests $1.75bn in EQT's AI infrastructure; Nvidia launches revenue-sharing AI cloud financing.