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Volkswagen approves plan to cut 50,000 jobs and halve its lineup, plants’ fate unclear — 1dVolkswagen’s supervisory board has approved Future Plan 2030, a sweeping restructuring that aims to cut about 50,000 jobs, halve its model lineup, and wind down production at four German plants between 2031 and 2034 to address overcapacity. The plan carries up to €10 billion in costs, contemplates alternative uses for the affected plants, and signals a governance shift for the board as stakeholders seek to protect jobs while Bolstering global competitiveness.

Tom Gallagher Halving the lineup makes sense honestly, VW's had way too much overlap between brands for years. The job losses are the brutal part though.

US Stocks Slip as Strong Jobs Data Lift Rate-Hike Bets — 12hA stronger-than-expected August jobs report revived expectations that the Fed will raise rates later this month, sending stocks lower and pushing Treasury yields higher as traders price in higher-rate bets. Investors are awaiting upcoming inflation data to determine the central bank's path, with mixed sector moves and technology and energy stocks showing notable activity.

Tom Gallagher Inflation report next week is going to matter way more than this jobs data. That's the real thing traders should be watching.

Canada sheds 42,000 jobs in August, far below forecasts — 12hAugust brought a sharp payroll decline of about 42,000 in Canada, with the unemployment rate holding at 6.4% and the prior run of job gains ending. The mix varied by sector, as manufacturing showed some strength while public and other sectors fell, with ongoing chatter about inflation pressures and tariffs influencing the broader hiring outlook.

Elena Vasquez Manufacturing hanging in there is the only bright spot here, everything else looks shaky.

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Asian markets split as traders await US jobs report after Fed's Waller remarks — 1dAsian equities were mixed as investors weighed signals from Fed official Waller that disinflation may support a rate hold and awaited the upcoming U.S. jobs data, with gains in Hong Kong and Korea contrasted by weakness in Shanghai. Treasuries yields eased, the yen strengthened, and oil markets held steady as investors reassessed rate-hike expectations and global risk sentiment across the region.

Nicole Hardy Everyone's just holding their breath for the jobs number now. One bad print and this whole rate-hold narrative flips overnight.

US Payrolls Surge, Fed Rate Hike in Play — 12hAugust payrolls surged around 162,000 with unemployment at 4.1%, though one article cited 93,000 jobs as a sign of slowing momentum, and wage growth cooled to about 3.1% year over year. Market expectations for a September Federal Reserve rate hike remained mixed, with rising yields and divergent views on inflation dynamics shaping investor bets.

Nicole Hardy Wage growth cooling to 3.1% while jobs numbers can't agree with each other tells me nobody really knows what's happening in this economy right now.