January non-farm payrolls grew by +130K (+65K exp), up from +48K in Dec. January new jobs were the highest in more than a year. The unemployment rate fell to 4.3% (4.4% exp) from 4.4% in Dec. The DOL revised 2025 avg monthly job gains down to +15K from +49K.
10yrTY +3.8bp to 4.18%SPX +0.48%NDX +0.55%Money markets still discounting two Fed rate cuts in 2026, starting in June.
On November 7th, after the U.S. stock market closed, Block (XYZ.US), a leading player in the U.S. payment sector, released its financial report for the third quarter of 2025. Overall, the performance this quarter was not poor. The core revenue, excluding Bitcoin trading business, and the adjusted net profit both exceeded expectations. The guidance for the next quarter also basically met expectations, with no significant flaws in the performance. The sharp drop in stock price was more due to macro market reasons. The key points are as follows: 1. Core revenue and profit slightly exceeded expectations: This quarter, Block's core revenue, excluding Bitcoin, grew by 17% year-on-year...