US Employment Picture 'Just OK,' BlackRock's Rieder Says
Rick Rieder, global fixed income CIO at BlackRock, says "hiring is stable, but I would say, broadly unimpressive," as he examines the June US jobs report.
Rick Rieder, global fixed income CIO at BlackRock, says "hiring is stable, but I would say, broadly unimpressive," as he examines the June US jobs report.
Ford (NYSE:F) reported a 10.3% decline in U.S. vehicle sales in the second quarter as tighter F-150 pickup inventory weighed on performance.
Jeffrey Rosenberg, portfolio manager of the systematic multi-strategy fund at BlackRock, says the June jobs report will help Federal Reserve Chairman Kevin Warsh be patient on rates as well as benefit the bond market. He speaks on "Bloomberg Surveillance."
Tesla (NASDAQ:TSLA) reported second-quarter vehicle deliveries of 480,126 units to surpass average market projections.
Super Micro Computer (NASDAQ:SMCI) said two employees at its Taiwan unit were detained by prosecutors in connection with an investigation into alleged illegal export of AI servers containing Nvidia (NASDAQ:NVDA) chips.
Lucid (NASDAQ:LCID) reported production of 4,774 vehicles and deliveries of 3,953 vehicles for the second quarter of 2026 ended June 30.
Zoom Communications (NASDAQ:ZM) said it has entered a definitive agreement to acquire Common Room, an AI-native go-to-market intelligence platform.
US hiring slowed sharply in June as nonfarm payrolls increased 57,000 last month after downward revisions to the prior two months, according to Bureau of Labor Statistics data out Thursday. Michael McKee reports on Bloomberg Television.
Rivian Automotive (NASDAQ:RIVN) said it produced 12,613 vehicles and delivered 12,194 vehicles in the quarter ended June 30, 2026.
Kratos (NASDAQ:KTOS) received an approximately $36 million sole-source contract for a new air defense missile system supporting a U.S. national security program, with work executed at a secure Kratos facility.
Revolution Medicines (NASDAQ:RVMD) reported Phase 1/2 data showing up to an 82% response rate for zoldonrasib combinations.
Hudbay Minerals (NYSE:HBM) said it received regulatory approval from Peru’s SENACE to amend the environmental permit for its Constancia copper mine.