A blockbuster August jobs report showed the economy added 162,000 jobs, blowing past estimates and sending bond markets reeling. Now all eyes are on the Fed, with traders betting on a September hike.
The tape Bloomberg Surveillance · Sep 4
“And with your breaking news on the payrolls numbers for August, the two-month payroll net revision data adds 55,000 jobs to the United States. Non-farm payrolls rising, therefore, month on month by 162,000. That is a, well, three times the estimate, 55,000. The unemployment rate, though, stays the same, 4.1%. The estimate had been for that to stay on hold. And indeed, that's where we are.”
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The Twenty Minute VC (20VC) · 20VC: NVIDIA Crushes Quarter and Buys Hugging Face | OpenAI Cuts Off Cursor | Instinct Hits $2.5BN Valuation and The Race for AI Assistants | Cognition Raises at $46BN, Linear $2.5BN and Clay $7BNSep 3
The chip giant crushed another quarter with $96.2 billion in revenue, then immediately went shopping, snapping up AI platform Hugging Face in a deal that solidifies its market dominance.
Bloomberg Surveillance · Bloomberg Surveillance TV: September 2nd, 2026Sep 2
With the SPR's import cover slashed in half and distillate inventories at historic lows, an expert warns of a "significantly dangerous situation" as diesel prices hit a record $5.85 a gallon.