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slash Wall Street. More evidence of a weakening jobs market as bosses scale back pay for blue collar hires.

Plus, Hong Kong clamps down further on dissent as a pair of news editors are convicted of sedition and we'll look at whether

invidia can keep relying on AI spending by big tech.

Besides the four hyperscalers which are the key customers driving their cap-backs. You've also seen a

strength in enterprise spending and then I think they've alluded to sovereign AI as well

so these are our customers that have been growing quite fast and it'll become more important for them going

forward. It's Thursday August 29th. I'm Luke Vargas for the Wall Street Journal

and here is the AM edition of What's News. The top headlines and business stories moving your world today.

We begin today with the latest sign that the labor market is cooling.

New data from zip recruiter.com has found that after pay for white collar recruits fell last year,

that Trent has now spread to new hires in construction, manufacturing, food, and other blue-collar sectors.

Listings for retail jobs have seen the most pronounced fall in posted pay of nearly 56%,

though that follows an even bigger jump last year.

Meanwhile, average wages have shrunk in agriculture and manufacturing by about a quarter and 17%

respectively, in addition to slashing pay, recruiters and corporate

advisors say companies are also moving job openings to lower cost cities or

offering them as lower paying contractor roles.

Two businessmen at the heart of one of the largest global frauds in decades

have been convicted in a Swiss criminal court for their roles in facilitating the looting of a Malaysian sovereign wealth fund.

...