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The Latest Breaking News on Business

Democrats Want To Tax AI Companies for Job Losses That Haven't Happened

The proposed tax would rise with unemployment and fund a new federal jobs program—even though AI has yet to cause mass unemployment.

Reason · Aug 7

US unexpectedly lost 23,000 jobs in July as slump in growth continues

Estimates for previous two months were revised down sharply but unemployment rate held steady at 4.1%

The Guardian - US · Aug 7

How Chevron became the AI darling of Big Oil

Chevron's West Texas data center deal with Microsoft may jumpstart a new Big Ol and AI trend.

Fortune · Aug 8

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Google Lays Off 52 Employees in Washington, Including Engineers, Managers, and Recruiters

Google is cutting 52 jobs in Washington, marking its largest layoff in the state since Alphabet's 2023 workforce reduction, affecting engineering and business roles across multiple offices.

International Business Times UK · Aug 8

Michael Dell's son Zach co-founded Base Power in 2023; it is now valued at $13 billion and has installed more than 23,000 home batteries

Base Power, led by Zach Dell, is revolutionizing residential energy with its advanced battery storage solutions. Having secured a staggering one billion dollars in funding, the company now boasts a valuation of thirteen billion dollars. With thousands of batteries quickly being installed, they are expanding their reach into additional states.

The Times of India · Aug 8

Dollar drops as weak US jobs data pushes out Fed hike expectations

The US dollar lost ground against key currencies due to unexpected job losses in July, raising fears about economic stability. As a result, the markets predict that the Federal Reserve will keep interest rates unchanged. Additionally, the disappointing employment figures led to a sharp decline in Treasury yields, while gold…

The Economic Times · Aug 8

Gold prices jump 7% to log best weekly gain in 8 months. Start of another yellow metal bull run?

Gold prices surged 7% this week, marking their strongest weekly gain in eight months as falling crude prices, weak US jobs data and resilient central bank demand boosted the metal’s appeal. With geopolitical risks and rate-cut hopes providing further support, analysts see potential for gold to resume its long-term bull…

The Economic Times · Aug 8

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Take-Two CEO says he expects the games industry to be in 'commercial streaming mode within 3 years,' which is great news if you hate owning things

Rockstar's parent company believes cloud gaming will grow its customer base even as hardware prices rise.

PC Gamer · Aug 7

Don't worry about $1,000 consoles, you'll be streaming your games soon enough, reckons Take-Two CEO: "I think we'll be in commercial streaming mode in 3 years"

"I'm happy to put a timeline on it"

GamesRadar · Aug 7

A new survey shows the scale of Xbox's fall vs. PlayStation and Nintendo in the U.S. — and the scale of the opportunity

New data from Statista Research shows how much Xbox has fallen against PlayStation in the U.S., but also the scale of the opportunity.

Windows Central · Aug 7

Dollar Retreats and Gold Rallies on Fed Rate Hike Doubts

The dollar index (DXY00 ) dropped to a 7-week low on Friday and finished down -0.41%. The dollar tumbled on Friday after the US July payroll report showed an unexpected decline in nonfarm payrolls and a smaller-than-expected increase in average hourly earnings, dovish factors for Fed policy. Also, Friday’s rally...

Barchart · Aug 7

Mark Zuckerberg Says Buyers Are Offering Meta a 'Significant Premium' for Its Compute — But He Turned Them Down, Calls Selling 'Foolish'

Zuckerberg is underwriting a multiyear compounding story.

Barchart · Aug 7

Elon Musk's massive Terafab chip-making facility starts to take shape — 100 million square feet of manufacturing space and $16.8B initial capital investment

SpaceX and Tesla officially begin to build the massive Terafab facility that will be three times bigger than Samsung's Pyeongtaek campus.

Tom’s Hardware · Aug 7

Dollar Falls and Gold Soars on the Weak US Payroll Report

The dollar index (DXY00 ) dropped to a 7-week low today and is down by -0.34%. The dollar tumbled today on the US July payroll report that showed an unexpected decline in nonfarm payrolls and a smaller-than-expected increase in average hourly earnings, dovish factors for Fed policy. Also, today’s rally...

Barchart · Aug 7

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Barchart · Aug 7

Constellation Energy Stock: Analyst Estimates & Ratings

Constellation Energy has underperformed the broader market over the past year, yet analysts remain highly bullish about the stock’s prospects.

Barchart · Aug 7

Do Wall Street Analysts Like Synchrony Financial Stock?

Synchrony Financial has lagged behind the broader market over the past year, and analysts remain slightly bullish about the stock’s prospects.

TechRadar · Aug 7

A worrying Google issue could leave small businesses playing catch-up with back-to-school sales – here is what to do

Widespread Google product approval delays threaten peak trading success

International Business Times · Aug 7

A Lesser-Known Stock Climbed More Than 100% In a Day After AI Surprise. Here's Why.

Doximity's stock more than doubled in overnight trading following its fiscal first quarter 2027 earnings report, climbing more than 130% in premarket trading before declining to about 40%.

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Barchart · Aug 7

Do Wall Street Analysts Like Hershey Stock?

Hershey has underperformed the broader market over the past year, but analysts are cautiously optimistic about the stock’s prospects.

Barchart · Aug 7

Sempra Stock: Is Wall Street Bullish or Bearish?

Although Sempra has underperformed relative to the SPX over the past year, Wall Street analysts maintain a moderately optimistic outlook about the stock’s prospects.

Barchart · Aug 7

Are Wall Street Analysts Predicting Netflix Stock Will Climb or Sink?

Netflix's weak share price performance over the past year has done little to shake Wall Street's confidence, with analysts maintaining a moderately optimistic outlook on the company's future.

Barchart · Aug 7

Xcel Energy Stock Outlook: Is Wall Street Bullish or Bearish?

Despite underperforming the S&P 500 over the past year, Xcel Energy continues to earn strong support from Wall Street.

The Economic Times · Aug 7

Early surge in US container imports coming to an end, shippers say

US container import volume, driven by tariffs and war surcharges, has peaked. Shippers are now well-stocked for the upcoming holiday shopping season. Import volume is expected to decline for the remainder of 2026. However, ocean transport prices will likely remain elevated due to fixed costs. This shift reflects retailers' improved…

Barchart · Aug 7

Are Wall Street Analysts Predicting PepsiCo Stock Will Climb or Sink?

PepsiCo has underperformed the broader market over the past year, and analysts remain moderately optimistic about the stock’s prospects.

Destructoid · Aug 7

GTA 6 CEO says physical games ‘don’t make sense’ because they’re going to make billions anyway

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