BTC $84,846.69 -0.35%
ETH $2,681.10 -0.32%
BNB $779.74 +0.72%
XRP $1.49 -0.79%
SOL $119.63 -0.22%
TRX $0.3372 +0.45%
DOGE $0.0930 -2.06%
ADA $0.2449 -2.96%
BCH $313.19 +0.50%
LINK $13.88 -2.12%
HYPE $88.89 -0.36%
AAVE $178.55 -2.31%
SUI $1.17 +0.06%
XLM $0.2132 -3.53%
ZEC $1,296.83 -4.87%
AAPL $333.30 -0.06%
AMZN $251.73 +0.27%
GOOGL $343.06 -0.29%
MSFT $517.54 +0.64%
META $728.62 -0.18%
NVDA $234.51 -0.32%
TSLA $370.73 -0.37%
SNDK $1,715.82 -0.34%
INTC $118.42 -2.50%
SPCX $159.06 +0.97%
MU $1,070.73 -0.82%
AMD $632.16 +0.24%
BTC $84,846.69 -0.35%
ETH $2,681.10 -0.32%
BNB $779.74 +0.72%
XRP $1.49 -0.79%
SOL $119.63 -0.22%
TRX $0.3372 +0.45%
DOGE $0.0930 -2.06%
ADA $0.2449 -2.96%
BCH $313.19 +0.50%
LINK $13.88 -2.12%
HYPE $88.89 -0.36%
AAVE $178.55 -2.31%
SUI $1.17 +0.06%
XLM $0.2132 -3.53%
ZEC $1,296.83 -4.87%
AAPL $333.30 -0.06%
AMZN $251.73 +0.27%
GOOGL $343.06 -0.29%
MSFT $517.54 +0.64%
META $728.62 -0.18%
NVDA $234.51 -0.32%
TSLA $370.73 -0.37%
SNDK $1,715.82 -0.34%
INTC $118.42 -2.50%
SPCX $159.06 +0.97%
MU $1,070.73 -0.82%
AMD $632.16 +0.24%

declined

All
Article
Flash

U.S. employment unexpectedly shrank in July, posing a policy challenge for the Federal Reserve, as market expectations for interest rate hikes quickly declined

In July, the United States unexpectedly lost 23,000 jobs, far below the expected increase of 80,000. The increase in June was also revised down to only 20,000. Despite the weak job market, the unemployment rate unexpectedly fell from 4.2% to 4.1%. "Fed mouthpiece" Nick Timiraos commented that in July, the U.S. unemployment rate dropped to 4.09% because both the number of job seekers and the number counted as unemployed decreased; this data brought the unemployment rate to its lowest level in two years.Analysts pointed out that this disappointing report has reignited concerns about the labor market and may complicate the Federal Reserve's interest rate decisions, as policymakers need to seek a balance between weak employment and persistent inflation. As a result, market expectations for interest rate hikes quickly receded.Affected by this, U.S. stock index futures surged rapidly, with Nasdaq futures up 0.79% for the day, S&P 500 futures up 0.39%, and Dow futures up 0.27%. U.S. Treasury prices soared, with the yield on the 10-year U.S. Treasury currently down 4.29 basis points, reported at 4.627%; non-U.S. currencies generally rose, with the dollar against the yen briefly falling 80 points, reported at 157.72.At the same time, the U.S. Dollar Index DXY briefly fell nearly 30 points, reported at 99.67. Spot gold briefly rose about $40, reported at $4,351.43 per ounce.

hot_img Qualcomm's revenue in the third quarter reached $9.95 billion, exceeding expectations, but mobile business declined by 20%, while automotive business surged by 61%, setting a record

Qualcomm released its Q3 2026 fiscal year financial report, with revenue of $9.95 billion, a year-on-year decrease of 4%, slightly higher than the market expectation of $9.67 billion; adjusted earnings per share were $2.21, basically in line with expectations; net profit was $2 billion. The chip business (QCT) revenue was $8.5 billion, of which mobile-related business was $5.1 billion, a year-on-year decrease of 20%; automotive electronics business revenue reached a record $1.59 billion, a year-on-year increase of 61%, achieving double-digit year-on-year growth for 23 consecutive quarters; Internet of Things business revenue was $1.83 billion, a year-on-year increase of 9%.Qualcomm expects adjusted earnings per share for Q4 to be between $2.05 and $2.25, below analysts' expectations of $2.36. CEO Cristiano Amon stated that revenue from Apple will enter a phase of accelerated decline, and due to supply chain constraints, Qualcomm's component share in the next-generation iPhone is "far below the previously estimated 20%." To cope with the contraction of its Apple business, Qualcomm is accelerating its diversification transformation, expecting its data center business to achieve approximately $5 billion in revenue by fiscal year 2027, and has completed the acquisition of AI software company Modular. Qualcomm plans to adjust prices for some products starting September 1 to address rising costs across the entire supply chain.
app_icon
ChainCatcher Building the Web3 world with innovations.