U.S. added 172K jobs in May, beating forecasts. Unemployment held at 4.3%.
- Strong gains in leisure & hospitality, while financial activities fell.
- Wages rose moderately, increasing 0.3% for the month and 3.4% over the year.
#Job#economynews#JobReport#UnemploymentRate
#Microsoft builds supercomputers, AMD and #NVIDIA supply chips, and Oracle expands cloud capacity.
As OpenAI usage expands, the demand for chips, cloud services, and memory increases, driving partner revenue and reinvestment.
**Win-win for everyone**
**Why Tech Giants Partner with OpenAI?**
Major companies, including #Microsoft#NVIDIA#AMD#Oracle and #Micron .**, are aligning with #OpenAI to secure their place in the AI-driven future. These partnerships are not just about growth; they’re about shaping the future.
#AI
These partnerships offer control over compute resources and access to top-tier models and talent
OpenAI needs compute and capital. Tech giants need cutting-edge models and influence. Together, they form a loop of innovation—>OpenAI drives progress, partners scale it.
#OpenAI
Hey @LinkedInHelp, my account has been restricted, and I can't reach support because my DMs aren't going through. I need assistance getting my account back. Please help!
#FederalReserve Chair #Powell 's Speech Highlights:
The labor market is solid but cooling, and wages growing.
#inflation has eased, and Economy is in solid shape; #Fed intend to use tools to keep it there.
Discover the full speech👇
https://t.co/vQ8cEVHypI
#stockmarketcrash
The US Inflation Rate (CPI) has moved down from a peak of 9.1% in June 2022 to 2.5% today.
What's driving that decline?
Lower rates of inflation in every major component: Fuel Oil, Used Cars, Gasoline, New Cars, Gas Utilities, Apparel, Food at Home, Medical Care, Electricity, Food away from Home, Shelter, and Transportation.
Those calling for a 50 bps rate cut next week should take a look back at January 2001 & September 2007 when the Fed started cutting cycles w/ a 50 bps move. If the Fed feels the need to go big because of a weakening economy, that's not bullish.
Video: https://t.co/8XuEajZYnY
@marketalleys Technically, Crude oil is reaching a strong 3-year support zone.
It is very strong support. Utility the price keeping this support, there is no further drop.
If the price could break this support, new downward momentum is triggered.