Briefing. Oracle Outshines, OpenAI's $300bn Commitment, Largest Negative Labor Market Revision Si...

• Bureau of Labor Statistics slashed nearly 1 million jobs from prior reported employment gains, leading to concerns about cooling labor market and inflation data before FOMC meeting
• Oracle gains $100 billion in stock price rise, signing a 300 billion dollar deal with OpenAI for cloud services and winning contracts with Nvidia and ByteDance's TikTok
• Semiconductor stocks rally, inflation data mixed as PPI cools while CPI surprises to the upside, with applications for US Unemployment benefits spiking to highest level in nearly four years, signaling possible acceleration in layoff activity as labor market cools

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