From Robotaxis to Helicopters, Jobs Disappear, While Inflation Climbs, & UK Stalls

Money Masters' Market Pulse Week 37

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Dear Money Master,

This week delivered market-moving surprises across both economics and tech. In the U.S., the Bureau of Labor Statistics slashed job growth by 911,000, showing the economy added only half as many jobs as previously thought. At the same time, inflation climbed to 2.9% in August, the fastest pace since January, while weekly jobless claims jumped, raising new headaches for the Federal Reserve. Across the Atlantic, the U.K. economy flatlined in July.

Yet, while growth slows, Wall Street and Silicon Valley are buzzing with optimism. Amazon’s Zoox launched robotaxis in Las Vegas, and Uber is preparing helicopter rides via its Joby partnership. Meanwhile, Opendoor stock skyrocketed after naming a new CEO, and the Winklevoss twins’ Gemini priced its IPO at $28 per share, valuing the crypto exchange at $3.3 billion.

Corporate earnings added more fuel: Adobe hit a record $5.99B in revenue, Oracle posted 12% growth with $455B in future contracts booked, and National Beverage delivered record quarterly sales. And in M&A, RaceTrac agreed to buy Potbelly for $566M, sending the sandwich chain’s shares up.🌍💼

📰 Your Daily Financial Digest - September 12th, 2025

🌍 Economics:

  1. U.S. Revises Job Growth Down by 911,000 📉
    BLS data revisions cut job creation estimates nearly in half, lowering workforce size by 0.6%. This casts doubt on the strength of the labor market. Read More

  2. U.K. Growth Stalls in July Amid Production Weakness 🇬🇧
    Flat growth followed June’s 0.4% expansion, with industrial output contracting 0.9%. Services and construction managed only slight gains. Read More

  3. U.S. Inflation Climbs to 2.9% in August 📈
    Prices rose 0.4% MoM, the sharpest since January. Core inflation held steady at 3.1%. Higher jobless claims complicate Fed policy ahead of next week’s meeting. Read More

  4. RaceTrac Buys Potbelly for $566 Million 🥪
    The all-cash deal gives RaceTrac over 445 stores and accelerates Potbelly’s path to 2,000 locations. Read More

💻 Technology:

  1. Winklevoss’ Gemini Prices IPO at $28 per Share 💰
    The crypto exchange raised $425M at a $3.3B valuation, topping its initial price range amid strong demand. Read More

  2. Amazon’s Zoox Launches Robotaxis in Las Vegas 🚖
    The self-driving unit begins offering free Strip rides, while awaiting regulatory approval for paid services. Waymo’s 10M+ paid rides leave Zoox in catch-up mode. Read More

  3. Opendoor Names Ex-Shopify COO as CEO 🏠
    Kaz Nejatian takes over as CEO with Keith Rabois returning as chairman. The stock surged and has soared 15x since June. Read More

  4. Uber to Add Helicopter Rides via Joby Partnership 🚁
    Blade’s helicopter services will integrate into Uber’s app by 2026. The move sets the stage for quiet, zero-emission air taxis. Read More

💹Earnings:

  1. Adobe Reports Record $5.99B Revenue in Q3 📊
    Revenue rose 11% YoY with EPS at $5.31 non-GAAP. RPO hit $20.44B, underscoring robust subscription momentum. Read More

  2. Oracle Posts 12% Revenue Growth, Slight Miss ☁️
    Q1 revenue reached $14.93B vs. $15.04B expected. Contracted future revenue soared to $455B, boosted by its OpenAI data center deal. Read More

  3. National Beverage Reports Record Q1 Sales 🥤
    Net sales hit $331M with EPS at $0.60. Operating cash flow swelled to $59M, lifting cash reserves to $250M. Read More

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