"Fed's Mouthpiece": Nonfarm Payroll Data Reduces the Likelihood of a June Rate Cut
"Fed's mouthpiece" Nick Timiraos stated that the April employment report makes a rate cut in June less likely (although June is still far away), as there will only be one more employment report before then. For now, this means the Fed does not need to make any statements about the June meeting next week. (Jin10)
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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Under financial pressure from AI investments, Microsoft offers voluntary severance packages to 60,000 employees, affecting departments such as Xbox and Windows
As of the end of June, Microsoft had a total of 223,000 employees worldwide. This latest round of measures involves more than one-quarter of the total workforce, covering departments such as Xbox, Windows, Copilot, and Finance. Positions related to data centers, sales, cybersecurity, and quantum computing are not included. A Microsoft spokesperson stated that the proportion of employees expected to accept the proposal is below 30%. Microsoft is scheduled to release its financial report on Wednesday, and the market is focused on whether its investments in AI have begun to yield quantifiable returns.
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