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• Tripadvisor

• U.S. June Jobs Report

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Tripadvisor

Tripadvisor shares soared 17% after activist investor Starboard Value disclosed it had amassed just over a 9% holding, worth roughly $160 million. The company welcomed dialogue with its investors and reiterated its focus on enhancing long-term shareholder returns, with management and the board united behind that goal. Tripadvisor’s stock has been largely unchanged this year following a steep decline in 2024, when it formed a special committee to review strategic alternatives. Starboard, known for pressing companies on leadership and cost structures, recently resolved a proxy contest at Autodesk and has engaged with other major firms including Match Group, Pfizer and Salesforce.

U.S. June Jobs Report

Job gains in June outpaced expectations, with nonfarm payrolls rising by 147,000 versus the 110,000 forecast, and May’s figures nudged up to 144,000. The unemployment rate eased to 4.1%, its lowest since February, as a drop in labor force participation, driven by 329,000 people leaving the job market, offset solid hiring. Government roles led hiring with a 73,000 increase, particularly in state and local education, while healthcare added 39,000 jobs and social assistance 19,000. Wage growth remained moderate, with average hourly earnings up 0.2% month‑over‑month and 3.7% year‑over‑year. Stronger‑than‑anticipated data pushed Treasury yields higher, lifted equity prices, and all but ruled out a Federal Reserve rate cut in July, as traders now eye September for possible easing.

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