Sandwish U.S. payroll growth likely slowed sharply in May, with the labor market increasingly vulnerable to a downside surprise after two straight stronger-than-expected employment reports, according to Pantheon Macroeconomics. The May nonfarm payrolls report, due Friday, June 5, is expected to show a 95K increase in jobs and an unemployment rate holding at 4.3%, according to market consensus. Pan...
Sandwish U.S. payroll growth likely slowed sharply in May, with the labor market increasingly vulnerable to a downside surprise after two straight stronger-than-expected employment reports, according to Pantheon Macroeconomics. The May nonfarm payrolls report, due Friday, June 5, is expected to show a 95K increase in jobs and an unemployment rate holding at 4.3%, according to market consensus. Pantheon forecasted a weaker 50K payroll gain alongside a rise in the unemployment rate to 4.4%. The firm said several leading labor-market indicators weakened lately, including hiring intentions in the NFIB Small Business Survey and online job-posting measures from Indeed and LinkUp. Pantheon also pointed to weakness in the Census Bureau’s Business Trends and Outlook Survey. Pantheon argued April payrolls were artificially boosted by unusually warm weather, which pulled forward seasonal hiring in construction and garden-equipment retailing. The firm expects that effect to reverse in May as temperatures normalize. The report also highlighted a historical tendency for payrolls to disappoint after two consecutive upside surprises. Since 1998, payrolls have beaten consensus estimates for a third straight month only 15 times out of 48 instances following back-to-back upside surprises, according to Pantheon. Additional drags could come from layoffs tied to Spirit Airlines’ collapse and an increase in strike activity during the survey period, the firm said. Pantheon nevertheless noted its quantitative payroll model still pointed to a roughly 95K gain in May employment, though the firm said weakening forward-looking indicators suggested the final result would likely undershoot that estimate. More on markets Weekly Market Pulse: The Turning Point? Korea And Japan Worry Me More Than The Strait Of Hormuz The Stock Market May Be About To Break AM Markets Need to Know: U.S.-Iran updates, pause on Russian oil cap, and more Trump says Iran 'really wants to make a deal' as peace talks enter ...
The SpaceX Starbase industrial complex and rocket launch facility in Boca Chica, Texas, US, on Thursday, April 17, 2025. Residents of the tiny community near SpaceX's rocket launch site voted on May 3 to officially incorporate the area as its own city, Starbase, Texas. Photographer: Mark Felix/Bloomberg
The SpaceX Starbase industrial complex and rocket launch facility in Boca Chica, Texas, US, on Thursday, April 17, 2025. Residents of the tiny community near SpaceX's rocket launch site voted on May 3 to officially incorporate the area as its own city, Starbase, Texas. Photographer: Mark Felix/Bloomberg
Maki Nakamura/DigitalVision via Getty Images Introduction Insurance is said to be one of the oldest industries. Root Inc. ( ROOT ) is trying to utilize the newest technologies to identify better drivers, thereby offering them lower premiums and lowering its own claim payout, creating a virtuous cycle. Specifically, the company discloses on page 1 of its last Form 10-K : We rely on telematics, mobi...
Maki Nakamura/DigitalVision via Getty Images Introduction Insurance is said to be one of the oldest industries. Root Inc. ( ROOT ) is trying to utilize the newest technologies to identify better drivers, thereby offering them lower premiums and lowering its own claim payout, creating a virtuous cycle. Specifically, the company discloses on page 1 of its last Form 10-K : We rely on telematics, mobile technology and our digital platform to collect data points that we evaluate in pricing and underwriting our insurance policies, managing claims and customer support, and improving business processes . As I was trying to deduce the meaning of the unfamiliar word “telematics,” I found this context on page 2 of its Form 10-K: A two-to-four week test drive gathers and analyzes an individual’s data from smartphone sensors measuring braking, consistency, turning, time of day, driver attentiveness, and other performance and contextual data. In short, instead of primarily relying upon demographic profiles, ROOT is trying to price insurance policies based upon the actual driving-related data of its potential policyholders. Of course, introducing powerful and potentially paradigm-shifting technologies into the archaic but enormous auto insurance industry sounds promising. So, How Has ROOT Been Doing Financially So Far? Let’s see how the rubber of this new car insurance business model has met the ground so far. As one can imagine, insurance is a capital-intensive business. Any new insurance company has to spend a lot of cash building capital reserves to obtain licenses to operate in various states while simultaneously building the infrastructure necessary to process coverage applications and pay claims, and fighting lawyers like yours truly in court whose clients have allegedly been wrongly denied payouts. At the same time, the company must spend heavily on marketing so potential customers even know it exists in an extremely crowded field. As a matter of fact, I talked to the broke...
A Lands Tribunal judge has questioned whether he has the power to postpone an extraordinary general meeting requested by at least 247 owners at Hong Kong’s fire-ravaged Wang Fuk Court, while acknowledging the difficulties faced by a government-appointed administrator in contacting and verifying residents. The tribunal adjourned its decision until 3pm on Tuesday on an application by Hop On Manageme...
A Lands Tribunal judge has questioned whether he has the power to postpone an extraordinary general meeting requested by at least 247 owners at Hong Kong’s fire-ravaged Wang Fuk Court, while acknowledging the difficulties faced by a government-appointed administrator in contacting and verifying residents. The tribunal adjourned its decision until 3pm on Tuesday on an application by Hop On Management Company to extend the statutory 45-day deadline for holding a meeting requested by residents of...
Microsoft (NASDAQ:MSFT) has spent the past two years writing some of the biggest checks in the tech industry as it builds out the infrastructure needed to support the AI revolution.Claim 55% Off TipRanksUnlock trusted, data-backed investing tools with TipRanks Premium, from analyst ratings and forecasts to breaking news and portfolio analysis. Discover high-conviction stock picks and new investing...
Microsoft (NASDAQ:MSFT) has spent the past two years writing some of the biggest checks in the tech industry as it builds out the infrastructure needed to support the AI revolution.Claim 55% Off TipRanksUnlock trusted, data-backed investing tools with TipRanks Premium, from analyst ratings and forecasts to breaking news and portfolio analysis. Discover high-conviction stock picks and new investing opportunities with the TipRanks Smart Investor Newsletter While investors have closely tracked the
(Bloomberg) -- China strengthened oversight of outbound investment through a new directive, tightening cross-border capital flows as its technology rivalry with the US intensifies.Most Read from BloombergUS Says Deals With Iran for Safe Hormuz Transit Are ProhibitedBerkshire Hathaway to Buy Taylor Morrison for $6.8 BillionStrait of Hormuz Ship Transits Are Rising Thanks to US HelpA Rare ‘Super’ El...
(Bloomberg) -- China strengthened oversight of outbound investment through a new directive, tightening cross-border capital flows as its technology rivalry with the US intensifies.Most Read from BloombergUS Says Deals With Iran for Safe Hormuz Transit Are ProhibitedBerkshire Hathaway to Buy Taylor Morrison for $6.8 BillionStrait of Hormuz Ship Transits Are Rising Thanks to US HelpA Rare ‘Super’ El Niño Is Looking More Likely. Here’s What to ExpectAmericans Injured in Iranian Missile Strike on Ku
JasonDoiy Nvidia's ( NVDA ) Founder and CEO Jensen Huang announced new products and partnerships in his keynote address at the Nvidia GTC Taipei at the Computex trade show in Taiwan. Vera, Spark superchip, and Rubin The U.S. tech giant said that global AI labs are planning to adopt its new Vera CPUs. These include Anthropic ( ANTHRO ), OpenAI ( OPENAI ), and SpaceXAI — the combined entity of Space...
JasonDoiy Nvidia's ( NVDA ) Founder and CEO Jensen Huang announced new products and partnerships in his keynote address at the Nvidia GTC Taipei at the Computex trade show in Taiwan. Vera, Spark superchip, and Rubin The U.S. tech giant said that global AI labs are planning to adopt its new Vera CPUs. These include Anthropic ( ANTHRO ), OpenAI ( OPENAI ), and SpaceXAI — the combined entity of SpaceX ( SPCX ) and xAI (x.AI) — and hyperscalers ByteDance ( BDNCE ), CoreWeave ( CRWV ), Lambda, Nebius ( NBIS ), Nscale, and Oracle Cloud Infrastructure ( ORCL ). Nvidia, which first unveiled the Vera CPU in March during its annual GTC developer conference, said Vera is the first CPU built for AI agents. Now in full production, Vera is a new class of processor enabling 1.8x faster task completion compared with x86 CPUs to drive diverse workloads across industries — including agentic AI, reinforcement learning, and data processing — generating more data center token revenue, according to the company. Nvidia said manufacturers building standalone Vera CPU systems at scale include Dell Technologies ( DELL ), Hewlett Packard Enterprise ( HPE ), Lenovo, and Super Micro ( SMCI ), along with ASUS, Compal, Foxconn ( FXCOF ), GIGABYTE, Pegatron, Quanta Cloud Technology (QCT), Wistron, and Wiwynn. On Monday, the company also unveiled Nvidia RTX Spark, a new superchip that reinvents Windows PCs for the era of personal AI agents. In addition, Nvidia said that its AI platform Vera Rubin is ramping into full production to power agentic AI factories worldwide. The platform unifies Nvidia's Vera Rubin NVL72 systems, Vera CPU, Groq 3 LPX, Vera BlueField-4 STX storage, and Spectrum-6 SPX Ethernet racks into a fully integrated system. Vera Rubin delivers 10 times the agent throughput at scale compared with the previous-generation Grace Blackwell platform. The company noted that with an open source MGX design, hundreds of Nvidia supply chain ecosystem partners — 150 in Taiwan alone — across more...