New York Times economics reporter Ben Casselman says July saw employer job cuts and May–June payrolls were revised down. The earlier hiring surge this year appears to have largely evaporated; the three-month average payroll gain is just 20,000 jobs p

Hong Kong-listed stocks related to large-scale modeling continued to rise, with MINIMAX-W (00100.HK) and Zhipu (02513.HK) both surging by more than 15%.

Domestic News: 1. DeepSeek plans to raise API service pricing. 2. The Cyberspace Administration of China (CAC) has launched a cybersecurity review of Patron's product sales in China. 3. Unitree Robotics' IPO price is 150.80 yuan per share, with DeepSeek, Tencent, and others participating in strategic placement. 4. Goldman Sachs and JPMorgan Chase significantly increased their holdings of Zhongji Xuchuang's H shares, raising their stakes to 12.19% and 13.72% respectively. 5. China Gold Association: In the first half of 2026, my country's gold production is projected to decrease by 14.62% year-on-year, while consumption is projected to increase by 1.23%. International News: 1. Saudi Arabia lowers crude oil prices in Asia. 2. The Democratic Republic of Congo bans the export of copper and cobalt concentrates. 3. Nvidia is reportedly considering reducing the memory capacity of its Rubin Ultra chips. 4. Trump frequently calls Warsh, making the Federal Reserve Chairman an "economic advisor" to the president. 5. Trump implemented tariffs and minimum import prices for polysilicon, setting a 120-day transition period. 6. World Gold Council: Looking ahead, a second wave of high inflation similar to the late 1970s cannot be ruled out, but this does not necessarily mean a significant rise in gold prices. 7. Challenger Job Cuts Report: July layoffs plummeted to 33,429, with a slight increase in hiring plans; AI has been the primary reason for layoffs for the fifth consecutive month. 8. Sources: If recent inflation data is strong and market expectations of rising borrowing costs intensify, Federal Reserve Chairman Warsh will be prepared to raise interest rates at the September meeting. 9. Middle East Situation— ① Trump stated that the Strait of Hormuz agreement has not yet been reached, the strait is somewhat open, and the war with Iran will soon end. ② Iran advances legislation on rules for passage through the Strait of Hormuz: proposing to prohibit ships from the United States, Israel, and other hostile countries from passing through the Strait of Hormuz. ③ Explosions were heard on Qeshm Island, Iran; Iran claims it was caused by striking enemy targets. ④ Saudi officials: Intelligence indicates that the Houthi rebels, Iraqi militias, and the Iranian Revolutionary Guard are coordinating attacks against Saudi Arabia, just as Saudi Arabia is pushing for de-escalation.