Hold Onto Me

The latest JOLTS survey from the US Labor Department shows little change in the American labor market, with hiring and layoffs both remaining subdued. The data suggest employers are holding onto workers but reluctant to add new staff, a pattern economists describe as a low-hire, low-fire economy. Commentators are weighing what the stagnation means for job seekers and for Federal Reserve rate policy.

Apple has taken the lead in China's smartphone market following the launch of the iPhone 18 Pro, according to a South China Morning Post report. The report questions whether Apple can hold onto the top spot, amid intense competition from domestic Chinese brands and shifting consumer demand in one of the world's largest smartphone markets.

Bitcoin is holding onto a recent breakout, while broader markets show a mixed picture across asset classes. Investors are weighing whether the cryptocurrency's upward move signals renewed risk appetite or a temporary rally, as equities and other assets send inconsistent signals heading into the next trading sessions.