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What the jobs report can’t tell us about the confounding economic moment

What the jobs report can’t tell us about the confounding economic moment

At first glance, the latest jobs report presents a riddle that seems impossible to solve. On one hand, the headlines look grim, showing an unexpected loss of 23,000 jobs in July when economists had predicted

Business
Job losses in July and negative revisions reveal a weakening U.S. labor market

Job losses in July and negative revisions reveal a weakening U.S. labor market

The American labor market appears to be losing its grip as new data reveals a surprising contraction in employment for July. Instead of the projected growth of 83,000 positions, the economy actually shed 23,000 jobs,

Business
Trump administration will buy back company’s offshore wind leases off 3 states in a $1.2B deal

Trump administration will buy back company’s offshore wind leases off 3 states in a $1.2B deal

The Trump administration has reached a 1.2 billion dollar settlement with German energy giant RWE U.S. Offshore to buy back wind leases off the coasts of New York, California, and Louisiana. By walking away from

Business
Why SpaceX stock is falling despite strong revenue growth

Why SpaceX stock is falling despite strong revenue growth

Shares of SpaceX took a sharp dive on Wednesday, dropping roughly eight percent to close at 115.27 dollars despite a financial report that showed impressive revenue growth. While the company reported second quarter revenue of

Business
S&P 500 hits record, Dow surges 900 points after Bessent says Hormuz deal is near: Live updates

S&P 500 hits record, Dow surges 900 points after Bessent says Hormuz deal is near: Live updates

Wall Street experienced a massive surge on Tuesday, sending the S&P 500 to a fresh all-time intraday high and pushing the Dow Jones Industrial Average up by roughly 900 points. Much of the optimism stems

Business
US dollar weakens sharply against the Japanese yen after market interventions

US dollar weakens sharply against the Japanese yen after market interventions

The U.S. dollar weakened sharply against the Japanese yen on Monday after both Washington and Tokyo confirmed they had jointly intervened in currency markets, a rare coordinated move that sent the dollar tumbling from near

Business
Raising Cane’s to open 7 new restaurants. See locations

Raising Cane’s to open 7 new restaurants. See locations

Raising Cane's is celebrating a major milestone this month as the popular chicken finger chain marks its 30th anniversary. To commemorate three decades of business since opening its first doors in August 1996, the company

Business
FDA reviews peptide injections favored by RFK Jr. and wellness influencers

FDA reviews peptide injections favored by RFK Jr. and wellness influencers

Federal health regulators are convening a two-day meeting starting Thursday to scrutinize a handful of peptide compounds that have exploded in popularity among wellness enthusiasts, athletes, and high-profile figures like Health Secretary Robert F. Kennedy

Business
Trump stands to profit off US policy announcements by selling fast access to his social media posts

Trump stands to profit off US policy announcements by selling fast access to his social media posts

President Donald Trump has long understood that the world hangs on his every word, and now he is turning that reality into a business opportunity. Starting Saturday, his Truth Social platform will begin selling fast

Business
Stock futures inch higher as traders look to recover from oil-driven sell-off: Live updates

Stock futures inch higher as traders look to recover from oil-driven sell-off: Live updates

U.S. stock futures edged higher Friday morning as Wall Street looked to shake off a rough session that saw markets rattled by surging oil prices and renewed inflation fears. The modest overnight gains suggested investors