This week’s labor market report, releasing August figures at 8:30 a.m. Eastern, shows the U.S. added 75,000 jobs, slightly up from July. However, the unemployment rate is expected to rise from 4.2% to 4.3%. Additionally, hourly earnings may increase by 0.3%. In energy news, the Danish firm Orsted seeks to raise $9.4 billion amid turmoil from the Trump administration, which halted a significant wind farm project. In tech, President Trump hosted a high-profile dinner with executives, including Mark Zuckerberg and Tim Cook, discussing AI advancements and infrastructure investments, predicting over $600 billion in spending through 2028. Notably, Broadcom and OpenAI have partnered to develop AI chips, with Broadcom’s stock surging 9% after posting record revenue of approximately $16 billion for Q3. This partnership intensifies competition against Nvidia, signaling shifts within the AI landscape. For more insights on job trends, energy dynamics, and tech partnerships, stay tuned.
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