The latest employment report from the United States shows that non-farm payrolls were revised down by nearly 260,000 in May and June, marking the largest adjustment since the pandemic. The Bureau of Labor Statistics pointed out that the revision was mainly due to seasonal adjustments and a declining response rate, which has fallen below 60%. Trump stated that this is a "major mistake" and fired the head of the Bureau of Labor Statistics. The declining response rate in statistical surveys reflects public aversion to the surveys and a decrease in trust in the government

260,000 non-farm jobs evaporated out of thin air! The U.S. statistical system is in a trust collapse: survey response rate falls below 60%

The sudden cooling of the U.S. job market immediately reminded the market of the Federal Reserve's policy trajectory last summer: at that time, the Federal Reserve also chose not to cut interest rates at the July meeting, but the weak employment report released two days later changed the situation. Ultimately, officials remedied the situation by cutting interest rates by 50 basis points at the September meeting

"Will there be no interest rate cut in July and a significant cut in September"? Market discussion: Is the Federal Reserve "repeating last year"?

The downward revision of 260,000 jobs in the United States is mainly due to adjustments in institutional data, with 40% stemming from sample corrections by state education departments. However, a deeper structural issue lies in the low response rate of surveys and the potential impact of the Trump effect. Both factors not only undermine the immediate accuracy of the non-farm payroll report but also make an already complex economic picture even more elusive

In two months, the total "downward revision" reached 260,000! Can we still trust the U.S. non-farm payroll data that keeps "slapping us in the face"?

Apple CEO Tim Cook held an all-hands meeting after the earnings report, emphasizing the importance of AI opportunities, stating that it is as significant as technologies like the internet and smartphones. He mentioned that Apple will invest resources to achieve breakthroughs, despite starting late in the AI field. The meeting also discussed several topics, including the retirement of the Chief Operating Officer and the growth of Apple TV+ users. Cook pointed out that tech giants face strict scrutiny and called on regulators to pay attention to the original intent of legislation. This meeting was held at Apple's headquarters, marking the company's emphasis on AI

Cook rarely holds an all-hands meeting: Apple must seize the AI opportunity and will launch a "modern version" product

A Florida jury has ordered Tesla to pay $243 million in a lawsuit related to a 2019 fatal crash involving its Autopilot feature. The jury awarded $129 million in compensatory damages and $200 million in punitive damages to the victims' estate. Tesla is liable for 33% of the compensatory damages and plans to appeal the verdict, which could set a precedent for future lawsuits. The case highlights ongoing scrutiny of Tesla's Autopilot and Full Self-Driving features, as well as legal challenges in California and New York.

Elon Musk's Tesla Ordered To Pay $243 Million In Fatal Autopilot Crash Verdict: Report

On July 28, Alibaba open-sourced the Tongyi Wansiang Wan2.2 video generation model, which supports three functions: text-to-video, image-to-video, and unified video generation. This model adopts the MoE architecture, capable of generating high-quality videos while saving approximately 50% of computing resources, marking a significant advancement for Alibaba in the field of generative AI. This technological path reflects industry development trends and Alibaba's competitive technology layout

Track Hyper | Alibaba Open Source Tongyi Wanxiang Wan2.2: Breakthroughs and Limitations

U.S. Vice President Vance and Labor Secretary Lori Chavez-DeRemer initially attempted to interpret the weak employment data from July positively. Vance pointed out that the number of domestic workers had increased, while the employment rate of foreign workers had declined. The Labor Secretary stated that employment growth was still on a positive track. Unfortunately, Trump was not appreciative and "slapped back" at their rhetoric a few hours later, claiming that the data was politically manipulated and firing the head of the Bureau of Labor Statistics, Erika McEntarfer

After Vanse and the Department of Labor vigorously promoted the non-farm data, they were "slapped in the face" by Trump a few hours later

Details of OpenAI's upcoming open-source large model technology have been leaked, including a 120 billion parameter mixture of experts model and a 20 billion parameter dense model. The former activates about 5-6 billion parameters during inference, improving inference efficiency and reducing costs. The model may use Float4 training technology, utilize NVIDIA Blackwell chips, employ a clipped SwiGLU activation function, support a 128K context window, and adopt a sliding window attention mechanism

OpenAI open-source model leak: Six technical details

Under Trump's trade policy, the market fears that the global supply chain will be impacted again, leading to a rise in risk aversion. Analysis indicates that the average tariff rate on U.S. goods has increased from 2.3% to 15.2%, with costs soaring nearly sixfold. The global stock market continues to experience a sell-off, with the MSCI Global Index down 0.2% and South Korean stocks closing down 3.9%. U.S. stock futures are all down over 0.5%, and European stocks opened collectively lower

U.S. stock futures and European stocks fell collectively, the Swiss franc and New Taiwan dollar declined, and spot gold hovered below $3,300

The U.S. July employment report was unexpectedly weak, raising concerns among Federal Reserve officials about the economic outlook. Atlanta Fed President Raphael Bostic stated that despite the worrying employment data, it would not change interest rate decisions. He pointed out that current inflation is still far from the Federal Reserve's target, and the job market remains relatively healthy. Cleveland Fed President Loretta Mester also believes that the unemployment rate is within a normal range, supporting the decision to keep interest rates unchanged. Manufacturing data similarly indicates economic weakness, with the July manufacturing Purchasing Managers' Index falling below the expansion threshold for the fifth consecutive month

Federal Reserve officials: Employment slowdown does not change the interest rate path, and the expectation of interest rate cuts is difficult to adjust for the time being

A jury in Miami, Florida, has ruled that Tesla is partially responsible for a fatal autonomous driving accident in 2019, ordering it to pay $329 million, including $129 million in compensatory damages and $200 million in punitive damages. In the incident, the owner lost control of the Tesla Model S while picking up a phone, crashing into an empty car parked on the side of the road, resulting in the death of a 22-year-old woman and serious injuries to a survivor. The plaintiff's attorney accused Tesla of intentionally failing to limit the use of its autonomous driving system

Tesla was ordered to pay $329 million due to a fatal self-driving car accident six years ago

A Florida jury ruled that Tesla is one-third responsible for a fatal accident involving its Autopilot driver assistance system in 2019. According to the ruling, the total compensation in the case amounts to $329 million. Tesla is expected to bear approximately $42.5 million in compensatory damages, as well as the entire $200 million in punitive damages, totaling about $242.5 million. Tesla's stock price fell 1.83% on Friday

The Autopilot fatal crash verdict has been announced, with a total compensation of $329 million, most of which will be borne by Tesla

U.S. President Donald Trump stated that he has instructed the immediate dismissal of the Bureau of Labor Statistics (BLS) Director Erika McEntarfer. Earlier that day, the agency released a non-farm payroll report that showed unexpectedly weak data. Trump accused McEntarfer of politicizing the employment report without providing any evidence. Analysts say this is a very serious incident that will make it difficult to maintain a high level of confidence in the integrity of the data

Weak non-farm data, Trump shifts blame: Officials appointed by Biden are responsible, dismisses the director of the Bureau of Labor Statistics!

Google has launched Gemini 2.5 Deep Think, an optimized internal model variant that is faster and has mathematical capabilities reaching the level of a bronze medal at the IMO 2025. This feature has now been rolled out to Google AI Ultra subscribers, divided into a daily usable version and a competition-level full version, the latter aimed at top mathematicians

Google releases the IMO 2025 gold medal model Gemini 2.5 Deep Think, intercepting GPT-5

Opendoor Technologies' stock rose 14.2% following a weaker-than-expected employment report, suggesting potential interest rate cuts by the Fed. The housing market has struggled due to high interest rates, impacting Opendoor's business. Despite a recent meme stock rally boosting shares by 300%, the company faces challenges and will report earnings next week, with analysts expecting flat revenue and a narrower loss per share. The stock remains volatile amid macroeconomic uncertainties and meme investor interest.

Why Opendoor Technologies Stock Popped Today

Federal Reserve Governor Quarles announced his resignation effective August 8, creating an opportunity for Trump to appoint a "shadow chairman" in advance. Analysts say that her departure, combined with the opposition from two Trump-appointed governors this week to keeping interest rates unchanged, means that Trump may gain more influence over the direction of interest rate policy

Federal Reserve Governor Christopher Waller resigns, Trump is expected to intervene in interest rate decisions early, and may plan for Powell's successor

Trump did not impose tariffs on major copper products, surprising the market and Goldman Sachs, leading to a record 22% plunge in New York copper prices. Just the day before, Goldman Sachs had still advised clients to buy call options, betting that copper prices would surge due to a 50% tariff, stating that the price spread should widen to 35%-40%. As a result, Trump exempted copper's main products from tariffs, and New York copper prices plummeted 22%, marking the largest single-day drop since 1988. Goldman Sachs' sales team sent multiple emails of apology, as clients suffered heavy losses while their own trading department also incurred losses

Report: One day before the epic plunge of copper, Goldman Sachs advised clients to go long on copper, and its own trading was also affected

On Friday, among the top 20 stocks by trading volume in the US market, NVIDIA fell 2.33%, with a trading volume of USD 35.257 billion, due to safety concerns regarding its special supply chips. Tesla was ordered to pay approximately USD 242.5 million in compensation due to a 2019 autonomous driving accident, with its stock price dropping 1.83%. Amazon's stock price plummeted 8.27%, with a market value evaporating by over USD 200 billion, as investors had overly high expectations for its cloud computing business growth

Top 20 US Stock Trading Volumes on August 1: Amazon fell over 8%, with a market value evaporating by more than $200 billion

Spot gold rose 2.20% to $3,362.15 per ounce at the New York close on August 1, with a weekly increase of 0.74%. After Federal Reserve Chairman Jerome Powell's press conference, gold had fallen to $3,268.18. COMEX gold futures for the October contract rose 2% to $3,415.70 per ounce, with a weekly increase of 0.69%. The Philadelphia Gold and Silver Index closed up 1.12% at 206.50 points, but fell 3.41% for the week

Spot gold rose 2.2% on non-farm payroll day, turning to an overall increase this week

The NASDAQ index and small-cap stock index fell over 2% on the U.S. non-farm payroll day, with small-cap stocks and bank indices dropping over 4% this week

The NASDAQ and small-cap indices fell over 2% on the U.S. non-farm payroll day, while small-cap stocks and bank indices dropped over 4% this week

U.S. President Trump: Understanding Federal Reserve Governor Kugler "disagrees with Federal Reserve Chairman Powell."

The "rapid brake" in the U.S. labor market has caused the two-year U.S. Treasury yield to plummet by 27.7 basis points to 3.674%, marking the largest single-day drop in a year. Traders have fully absorbed the expectations of two rate cuts within the year and anticipate a nearly 90% probability of a rate cut at the September meeting

U.S. employment data triggers a surge in U.S. Treasury bonds, with a 90% probability of a rate cut in September. Is the Federal Reserve's wait-and-see strategy still applicable?

Amazon.com Inc. grew from a garage startup into a $2.4 trillion empire, founded by Jeff Bezos and his then-wife, MacKenzie Scott. Starting with used books, the company prioritized scale over profits, launching Amazon Prime and AWS to reshape its business model. Bezos emphasized frugality, symbolized by desks made from hollow-core doors. Amazon's commitment to customer focus continues with initiatives like electric delivery vans and e-cargo bikes, aiming for net-zero carbon emissions by 2040.

Jeff Bezos Built Amazon From A Garage Into A $2.4 Trillion Empire — And It All Started With Used Books And A Recycled Door Desk

Federal Reserve: U.S. bank deposits last week were $18.322 trillion, up from $18.297 trillion the previous week

Shares of Amazon (AMZN) are down 8.3% amid broader market declines, following the release of its Q2 financials. Although the company beat earnings and revenue expectations, growth in its cloud business, AWS, lagged behind competitors like Microsoft and Google. Additionally, new tariffs signed by President Trump are impacting Amazon's stock, given its reliance on international trade. Despite these challenges, Amazon remains a highly profitable company with significant growth potential.

Why Amazon Stock Is Plummeting Today

U.S. Treasury Secretary Becerra: The White House (Trump administration) respects the independence of the Federal Reserve (in terms of monetary policy)

The Nasdaq Golden Dragon China Index preliminarily closed down 1.7%. Among popular Chinese concept stocks, WeRide, Bilibili, Li Auto, and Tencent all fell by at least 3%, PDD, Pony AI, TSMC, and NetEase fell by at least 2%, while New Oriental rose by over 1% and Nio rose by 2.8%

Shares of Bank of America Corp (BAC) fell 3.56% to $45.64 amid a market sell-off triggered by disappointing U.S. job data and escalating geopolitical tensions. The July jobs report showed only 73,000 jobs added, significantly below expectations, raising recession fears and concerns over loan demand and defaults. Additionally, President Trump's nuclear threat towards Russia heightened market anxiety, leading to a surge in the VIX. Despite a strong growth score of 76.04, the bank's profitability outlook is under pressure due to anticipated Federal Reserve rate cuts.

Bank of America Stock Slides Amid Dual Shocks Of Recession Fears And Geopolitical Threats

Federal Reserve Board member Kugler resigns, effective August 8. He has submitted his resignation to President Trump. Risk warning and disclaimer: The market has risks, and investment should be cautious. This article does not constitute personal investment advice and does not take into account the specific investment objectives, financial situation, or needs of individual users. Users should consider whether any opinions, views, or conclusions in this article are suitable for their specific circumstances. Investment based on this is at one's own risk

Federal Reserve Board member Kugler resigns, effective August 8. He has submitted his resignation to President Trump

The Trump administration is considering a five-year pilot program that would include GLP-1 weight loss drugs such as Wegovy, Ozempic, Zepbound, and Mounjaro in the reimbursement scope of Medicare and Medicaid. This policy shift differs from the earlier stance of the Biden administration, raising concerns about cost affordability and the financial sustainability of healthcare. Novo Nordisk and Eli Lilly are expected to benefit directly, with the stock prices of both companies rising over 3% and 2% respectively on Friday

The Trump administration's policy shift considers reimbursing GLP-1 class weight loss drugs, with Eli Lilly and Novo Nordisk's stock prices rising

On Friday (August 1), the South Korean won against the US dollar ultimately rose by 0.31%, closing at 1389.47 won. This week, it accumulated a decline of 0.41%, with the drop sharply narrowing after the release of US non-farm payroll data, showing an overall M-shaped trend

U.S. stocks fell, with the Dow down 1.5%, NASDAQ down 2.38%, and S&P 500 down 1.76%. Amazon shares dropped 8% after reporting Q2 net sales of $167.7 billion, exceeding estimates. Oil prices fell 2% to $67.86. European and Asian markets also closed lower. U.S. construction spending declined by 0.4%, and the ISM manufacturing PMI fell to 48, missing estimates. Overall, the market showed signs of weakness amid disappointing earnings and economic indicators.

Crude Oil Down 2%; Amazon Shares Tumble After Q2 Results

Tesla Inc (TSLA) stock dipped early due to a weak U.S. jobs report, reflecting broader market trends. Despite this, investor interest remains high due to Tesla's $16.5 billion deal with Samsung for AI chip production, crucial for future products like Robotaxi. RBC Capital maintains an Outperform rating with a price target of $325, while Morgan Stanley predicts a $200 billion self-driving market by 2030. Currently, TSLA shares are down 1.65% at $303.22, with a mixed technical profile indicating potential overvaluation.

What's Going On With Tesla Stock Today?

Hikvision: Cutting Jobs and Costs—Trapped in a Bottomless Hole?

Amazon.com Inc. (AMZN) analysts have raised their price targets despite concerns over AWS growth. Bank of America raised its target from $265 to $272, while RBC Capital maintained an Outperform rating with a target increase from $230 to $240. Analysts noted strong retail performance but mixed results from AWS, with some questioning structural issues. Overall, analysts remain optimistic about Amazon's potential, particularly in retail and advertising, and suggest buying on weakness. The debate continues over AWS's future growth amid competition in the AI cloud sector.

Amazon Stock Hit On AWS: Analysts Brush Off Growth Concerns, 'Buyers Of AMZN On Weakness'

Apple Inc. (AAPL) stock initially rose but is now trading 2.33% lower at $202.72 after reporting better-than-expected Q3 results. Earnings per share were $1.57, surpassing estimates of $1.42, with sales of $94 billion exceeding the $89.04 billion forecast. Analysts have adjusted price targets, with Raymond James raising it to $240, while Barclays set it at $180. CFO Kevan Parekh highlighted record performance and high customer satisfaction.

Apple Stock Is Trading Lower Friday: What's Going On?

Shares of Apple (AAPL) fell nearly 2% after reporting strong Q3 earnings with $1.57 EPS and over $94 billion in revenue, exceeding expectations. Despite a 10% year-over-year revenue growth, iPhone sales were below estimates. CEO Tim Cook highlighted the exceptional quarter but noted potential impacts from tariffs and economic conditions. Looking ahead, Apple anticipates mid- to high-single-digit revenue growth for Q4, with services growth matching Q3's 13%. Investors remain cautious amid economic uncertainties and seek clarity on Apple's AI plans.

Why Shares of Apple Are Falling Today

The U.S. jobs report revealed only 73,000 jobs added in July, below expectations, leading to a 70% chance of a Federal Reserve rate cut in September. This has sparked bullish sentiment in crypto markets, particularly for Bitcoin and Ethereum. Experts suggest that lower interest rates could benefit non-yielding assets, but market reactions will depend on the Fed's communication. The Fed faces political pressure, and while a rate cut seems likely, inflation and geopolitical risks may keep volatility high.

Bitcoin, Ethereum, XRP Struggle After Underwhelming Jobs Report: Will A September Rate Cut Save The Bull Run?

Amazon's stock price fell sharply after the release of its quarterly earnings report, mainly due to its cloud services (AWS) performance not meeting investor expectations. Nevertheless, analysts believe that this is a buying opportunity at a low point. JP Morgan raised its target price from $255 to $265, expecting a 23% upside. UBS analysts maintained a target price of $271, believing that investors should not be overly concerned about the increased capital expenditures

Amazon's stock price has fallen, analysts say it is a good opportunity to buy on dips

Amazon's stock fell 7.7% despite a strong earnings report, with EPS of $1.68 and sales of $167.7 billion, surpassing analyst expectations. The decline is attributed to a softer profit forecast due to high AI spending and bearish market momentum. However, Q2 results showed strong margins and double-digit sales growth across segments. Guidance for Q3 remains positive, suggesting long-term growth potential. Analysts view the current dip as a buying opportunity for long-term investors.

Amazon Is Sinking Today -- Is the Stock a Buy Right Now?

If you had invested $3,000 in Nvidia (NVDA) stock 20 years ago, it would be worth approximately $2.3 million today, or $2.5 million if dividends were reinvested, reflecting an average annual gain of 39.5%. Nvidia's growth is attributed to its dominance in chips for data centers, driven by AI demand. Although it's too late to buy shares from 2005, current valuations suggest it may still be a good investment opportunity as revenue continues to grow significantly.

If You'd Invested $3,000 in Nvidia (NVDA) Stock 20 Years Ago, Here's How Much You'd Have Today

U.S. stock market update: Opendoor Tech rose nearly 18% with increased trading volume. Based on recent key news: 1. On July 30, driven by the WallStreetBets craze and bold price targets from hedge funds, Opendoor's stock price soared. Despite unstable fundamentals, market sentiment was high, leading to a significant increase in stock price. 2. On July 31, analysts projected an 18% revenue growth in 2026, with adjusted EBITDA margins nearing breakeven, further driving up the stock price. 3. On August 1, Opendoor is set to announce its second-quarter earnings report, with the market expecting flat revenue and a slight improvement in losses, which could serve as a catalyst for a stock price rebound

BlackRock portfolio manager Jeffrey Rosenberg stated that the U.S. non-farm payroll report indicates that the views of Federal Reserve Governor Waller's faction may be gaining traction, potentially persuading more people to support interest rate cuts. Although they missed the opportunity in July, this significantly increases the likelihood of a rate cut in September, leading to a substantial decline in the front end of the yield curve

Apple achieved its best revenue growth in three years under the stimulus of tariffs, with iPhone sales surging by 13.5%, but its stock price still fell by over 1%. Investors are skeptical about the sustainability of this growth, especially in the context of tariff threats from manufacturing bases in China and India, as well as competition in AI technology. Although Apple has benefited from government subsidies in the Chinese market, analysts warn that this demand pull-forward effect may be difficult to sustain. Apple's stock price has fallen by more than 17% this year, and the company is restructuring its supply chain to address tariff risks

iPhone sales surge under tariff stimulus, but the sustainability of Apple's growth is questioned

U.S. stocks movement | Intraday panic index rises: UVXY up over 9%, VIXY up over 5%, UVIX up over 12%