Connect with us

Published

on

Hiring eased slightly in June as the US economy added 209,000 jobs, according to the US Labor Department.

The latest figures shown in the Bureau of Labor Statistics June report, released Friday, mark a decrease from the robust 339,000 jobs that were gained in May.

Unemployment was little changed month-over-month, from 3.6% from 3.7% — still slightly above the five-decade low of 3.4%.

Economists had forecast 240,000 new jobs in June with employment dropping to 3.6%, according to the Wall Street Journal.

Employment in state government increased the most, rising by 60,000 in June. Jobs in health care, social assistance, and construction also trended positively, the report showed.

Companies have not drastically slowed hiring despite the central bank’s efforts to fix the tight job market with 10 consecutive interest rate hikes before deciding to keep rates unchanged in June.

Federal Reserve staff reportedly wrestled with data showing job openings are plentiful before ultimately agreeing to hold interest rates steady, at 5% to 5.25%, in June as a way to buy time and assess whether further hikes would be needed.

However, the labor market’s ongoing strength fans fear that more aggressive hikes are pending as part of the central bank’s fastest monetary policy tightening campaign in more than 40 years to stamp out inflation — which still remains well above the Fed’s 2% goal.

Fed officials have said they think strong hiring can often fuel inflation if companies feel compelled to raise pay to attract and keep workers.

Thus, a slowdown in job growth and pay raises could help the Fed reach its 2% inflation target.

Inflation pressures continue to run high, and the process of getting inflation back down to 2% has a long way to go, Fed Chair Jerome Powell told a House committee last month.

We dont see any softening in the labor market, said Brad McMillan, chief investment officer for Commonwealth Financial Network. The Fed doesnt have to worry about the jobs market. When you look at their mandate, they have no reason not to keep hiking and to keep hiking for a while.

Before the federal government released the June report, Wall Street’s main indexes tumbled on Thursday in a broad selloff after the ADP National Employment report showed that private payrolls increased more than expected in June.

The Dow Jones Industrial Average, which had plummeted 500 points earlier, fell 366.38 points, or 1.1%, to 33,922.26. The Nasdaq and S&P 500 each dropped 0.8%.

The ADP report, which is viewed as a proxy for US hiring activity, showed that the private sector added 497,000 jobs last month — massively above what the Bureau of Labor Statistics showed.

Economists polled by Reuters, meanwhile, had forecast private payrolls were likely to increaseby 200,000jobs in June.

Continue Reading

Technology

Samsung building facility with 50,000 Nvidia GPUs to automate chip manufacturing

Published

on

By

Samsung building facility with 50,000 Nvidia GPUs to automate chip manufacturing

Jensen Huang, chief executive officer of Nvidia Corp., during the keynote address at the Nvidia GTC (GPU Technology Conference) in Washington, DC, US, on Tuesday, Oct. 28, 2025.

Kent Nishimura | Bloomberg | Getty Images

Korean semiconductor giant Samsung said on Thursday that it plans to buy and deploy a cluster of 50,000 Nvidia graphic processing units to improve its chip manufacturing for mobile devices and robots.

The 50,000 Nvidia GPUs will be used to create a facility Samsung is calling an “AI Megafactory.” Samsung didn’t provide details about when the facility would be built.

It’s the latest splashy partnership for Nvidia, whose chips remain essential for building and deploying advanced artificial intelligence.

The collaboration with Samsung comes after Nvidia CEO Jensen Huang on Tuesday announced in Washington, D.C., that Nvidia was selling collaborating with companies including Palantir, Eli Lilly, CrowdStrike and Uber.

Shortly after the speech, Huang was spotted in South Korea drinking beer with Samsung Chairman Lee Jae-yong and other business leaders, according to local media. Other Korean companies, including SK Group and Hyundai, are also deploying similar amounts of GPUs, Nvidia said.

“We’re working closely with the Korean government to support its ambitious leadership plans in AI,” Raymond Teh, Nvidia’s senior vice president of Asia-Pacific, said on a call with reporters on Wednesday.

The partnerships support Huang’s claim on Tuesday that Nvidia has a book of business that totals $500 billion from its current generation GPU, called Blackwell, in addition to its next-generation GPU, called Rubin.

The forecast helped boost Nvidia’s stock, making the company the first to reach a market cap of $5 trillion.

On Thursday, Nvidia representatives said they will work with Samsung to adapt the Korean company’s chipmaking lithography platform to work with Nvidia’s GPUs. That process will results in 20 times better performance for Samsung, the Nvidia representatives said. Samsung will also use Nvidia’s simulation software called Omniverse. Known for its mobile phones, Samsung also said it would use the Nvidia chips to run its own AI models for its devices.

In addition to being a partner and customer, Samsung is also a key supplier for Nvidia.

Samsung makes the kind of high-performance memory Nvidia uses in large quantities, alongside its AI chips, called high bandwidth memory. Samsung said it will work with Nvidia to tweak its fourth-generation HBM memory for use in AI chips.

WATCH: Night out in Seoul: Nvidia, Samsung, and Hyundai bosses bond over fried chicken and soju

Night out in Seoul: Nvidia, Samsung, and Hyundai bosses bond over fried chicken and soju

Continue Reading

World

‘Send help’: The desperate pleas from Hurricane Melissa survivors

Published

on

By

'Send help': The desperate pleas from Hurricane Melissa survivors

Driving through western Jamaica, it’s staggering how wide Hurricane Melissa’s field of destruction is.

Town after town, miles apart, where trees have been uprooted and roofs peeled back.

Some homes are now just a pile of rubble, and we still don’t know how deadly this storm has been, although authorities warn the death toll will likely rise.

A total of 49 people have died in Melissa’s charge across the Caribbean – 19 in Jamaica alone.

Roads are still flooded in Jamaica
Image:
Roads are still flooded in Jamaica

The storm has blown over telephone poles, which are blocking the roads
Image:
The storm has blown over telephone poles, which are blocking the roads

My team and I headed from Kingston airport, towards where the hurricane made landfall, referred to as “ground zero” of this crisis.

On the way, it’s clear that so many communities here have been brought to their knees and so many people are desperate for help.

We drive under a snarl of mangled power lines and over huge piles of rocks before reaching the town of Lacovia in Saint Elizabeth Parish.

The hurricane stripped the entire roof off this church
Image:
The hurricane stripped the entire roof off this church

Many children live in homes with caved-in roofs
Image:
Many children live in homes with caved-in roofs

At the side of the road, beside a battered and sodden primary school, a woman wearing a red shirt and black tracksuit bottoms holds a handwritten sign in the direction of passing cars.

“Help needed at this shelter,” it says. The woman’s name is Sheree McLeod, and she is an admin assistant at the school.

She is in charge of a makeshift shelter in the school, a temporary home for at least 16 people between the ages of 14 and 86.

I stop and ask what she needs and almost immediately she begins to cry.

The primary school that has been housing those with no other place to stay
Image:
The primary school that has been housing those with no other place to stay

‘No emergency teams’

“I’ve never seen this in my entire life,” she says. “It’s heartbreaking, I never thought in a million years that I would be in the situation trying to get help and with literally no communication.

“We can’t reach any officials, there are no emergency teams. I’m hoping and praying that help can reach us soon.

“The task of a shelter manager is voluntary and the most I can do is just ask for help in whatever way possible.”

Read more:
Before and after images show hurricane’s destruction
What we know from the ground following the devastation

Sheree McLeod pleads for help for those sheltering at the school
Image:
Sheree McLeod pleads for help for those sheltering at the school

At least 16 people currently live at the school, which is being used as a temporary shelter
Image:
At least 16 people currently live at the school, which is being used as a temporary shelter

Sheree shows me the classroom where she and 15 other people rode out the hurricane which she says hung over the town for hours.

They had just a sheet of tarpaulin against the window shutters to try to repel gusts of more than 170mph and a deluge of rain.

They took a white board off the wall to try to get more shelter.

Please use Chrome browser for a more accessible video player

Hurricane Melissa was ‘traumatising’

“It was very terrible,” Sheree says. “We were given eight blankets for the shelter and that was it, but there were 16 people.

“Now all their clothes and blankets that they were provided with got damaged. Some people are sleeping in chairs and on wooden desks.”

Her plea for help is echoed across this part of Jamaica.

Toppled-over chairs and rubbish line a classroom in the school
Image:
Toppled-over chairs and rubbish line a classroom in the school

The water tank at the school has run out
Image:
The water tank at the school has run out

As we’re filming a pile of wooden slats that used to be a house, a passing motorcyclist shouts: “Send help, Jamaica needs help now.”

The relief effort is intensifying. After I leave Sheree, a convoy of army vehicles speed past in the direction of Black River, the town at the epicentre of this disaster.

Follow the World
Follow the World

Listen to The World with Richard Engel and Yalda Hakim every Wednesday

Tap to follow

Diggers work to clear debris from the road late into the night. Ambulance sirens also grow more regular as the day goes on.

Help is coming and for many here, it can’t come soon enough.

Continue Reading

World

Defiance in the West Bank – despite encroaching threat from ‘unwanted neighbours’

Published

on

By

Defiance in the West Bank - despite encroaching threat from 'unwanted neighbours'

For generations, Keith Asad’s family has owned olive trees in the land near the West Bank town of Turmosayya, but now they are out of his reach.

The trees are still there.

He can see them, clearly, from the backyard of his house, tantalisingly close.

Keith Asad says he can't go to his olive trees as he's too frightened
Image:
Keith Asad says he can’t go to his olive trees as he’s too frightened

But he can’t go there. He’s too frightened, and with good reason.

Even though he lives in a town where crime is almost unknown, Keith has just installed a wall made of rigid metal spikes, and he’s considering adding barbed wire to the top of them.

He worries about the safety of his wife and children, but why?

Through the gaps between the spikes, we can see a group of vehicles and tents that have been set up in the valley beyond Keith’s house. He calls them his “unwanted neighbours”.

The rest of the world calls them settlers.

“We have some trees over there,” he says, pointing at his land. “This is the first year that we’re not even thinking about going over there.”

Please use Chrome browser for a more accessible video player

West Bank teenagers: Situation is ‘disastrous’

‘Oh, we’ll be shot… guaranteed’

“What would happen if you went?” I ask, and the answer is immediate.

“Oh, we’ll be shot. That’s guaranteed. One hundred percent.”

This group arrived a few months ago, with just a couple of tents, a couple of cars and an air of menace.

Road blocks appeared, stopping the locals from reaching their ancestral land. Buildings were vandalised and weapons were brandished. And Keith says the Israeli police and military have done nothing to help.

Olive farmers still come out, tending to their trees, knowing armed settlers are lurking
Image:
Olive farmers still come out, tending to their trees, knowing armed settlers are lurking

He shows me the damage to a door left behind after Israeli soldiers came to the house in the early hours of one morning, searching it from top to bottom and refusing to explain why.

He feels besieged, and he knows it will get worse. Because more and more of these outposts are being set up in the West Bank, by Israelis who believe they have a historic, or biblical, right to the land.

They are illegal, under both Israeli and international law.

But it is almost unknown for Israeli authorities to do anything to stop them and there is a crop of Israeli politicians, including some in the cabinet, who are passionate about encouraging as many new outposts as possible.

Because over time, they grow, attracting more people.

Military to civilian occupation

Roads and houses are built, Palestinians are intimidated into leaving and eventually those little outposts morph into permanent settlements, signed off and approved by the Israeli government.

And gradually, the Israeli occupation of the West Bank becomes slightly less military and slightly more civilian.

For the Palestinians we spoke to, it feels like an invasion, fuelled by a sense that the settlers act and attack with impunity.

Between 2005 and 2024, only around 3% of police investigations into settler violence ended in conviction. And, of course, many attacks are never investigated.

‘Very, very nervous’

In the olive groves outside Turmosayya, Yasser Alqam is driving me along a rough track, looking warily from side to side.

“I feel very, very nervous,” he says. “I’m looking to my sides, on top of these hills, because, without any warning, stones can come down on your car.

“And it’s going to take you a while before you figure out which way they’re coming from.”

Yasser Alqam says he feels 'very, very nervous'
Image:
Yasser Alqam says he feels ‘very, very nervous’

Yasser was here earlier in the month when he saw a horrendous attack, in which a settler, armed with a club dotted with nails, beat people – including a 53-year-old Palestinian woman called Afaf Abu Alia.

Video of her being attacked, and then, covered in blood, helped to a car to be taken to hospital, was put on social media and attracted widespread condemnation. So far, despite the video evidence, nobody has been arrested.

Sky News confronted by Israeli troops

Yasser takes us to the site of the attack. As we film, an Israeli military vehicle comes along a track and stops in a cloud of dust.

The soldiers emerge and tell us we have to leave for our own protection, claiming that this olive grove is, in fact, a closed military zone.

Read more from Sky News:
Andrew to relocate to Sandringham
Man killed in helicopter crash

Sky News team were told police were on their way to arrest them but, as suddenly as it started, it was over
Image:
Sky News team were told police were on their way to arrest them but, as suddenly as it started, it was over

I ask who they are protecting us from, but there is no answer. I’m shown a WhatsApp image of a rudimentary rectangle on a map, and informed that this is a military order.

We’re then told we can’t leave, and that the police are on the way to arrest us. We discuss the law. And then, as suddenly as it started, it’s over – we’re free to go. It’s just another flare-up on the West Bank.

In a statement, the Israel Defense Forces (IDF) told us its mission was to thwart terrorism, and it said it strongly condemned violence of any kind. It said it would conduct a review of the attacks we have reported on here.

But the echoes of violence reverberate here. We go to visit Afaf, the woman who was so grievously attacked.

Her body is badly battered, and she has two blood clots on her brain, but she has been discharged from hospital and is sitting on a sofa, her family around her, frail but sure.

Afra says she was beaten 'all over her body'
Image:
Afra says she was beaten ‘all over her body’

The song of defiance

“They beat me on my head, behind my ears, along my legs, my back, and my neck all over my body, everywhere,” she tells me.

“I was terrified. The first thing that came to my mind was my son – he’s getting married soon. All I could think was that I might never get the chance to celebrate.

“It’s our land. We stand our ground, and we are here to stay. We’re not going anywhere. I won’t give it up to settlers. They can beat us all they want, they won’t break us.”

It is a refrain you hear repeatedly on the West Bank – the song of defiance. The olive farmers still come out, tending to their trees, aware that settlers, with their guns and their own belief that this land is rightly theirs, are lurking.

These valleys and fields are, at once, so tranquil, but also so very ominous and menacing.

Continue Reading

Trending