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The Latest Breaking News on Business

US Economy Shockingly Sheds 23,000 Jobs in July as the Labour Market Experiences a Sudden Collapse

The US economy lost 23,000 jobs in July 2026, marking the first decline since February. Despite a drop in unemployment to 4.1%, wage growth lagged behind inflation.

International Business Times UK · Aug 7

The US cities with the fastest growing incomes: ranked

‘In many U.S. cities, median household income has outpaced inflation by a wide margin, offsetting the impact of rising costs’

The Independent UK · Aug 7

Are Wall Street Analysts Bullish on Walt Disney Stock?

Walt Disney Company stock has underperformed the broader market over the past year, but analysts remain highly bullish about its prospects.

Barchart · Aug 7

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Oil slips, heads for weekly loss as Hormuz deal uncertainty persists

Oil prices declined as investors weighed prospects of reopening the Strait of Hormuz against persistent geopolitical risks. Markets also awaited US payrolls data, while uncertainty over Iran-related negotiations, shipping arrangements and regional security kept crude prices volatile despite easing supply concerns.

The Economic Times · Aug 7

The typical gig worker is changing – and struggling more than ever to make ends meet

The next time you call an Uber ride or order food delivery with an app, there’s a good chance that the gig worker you meet is getting government benefits.

The Conversation · Aug 7

The Labor Market Was Expected To Add Over 80,000 Jobs. It Has Shed More Than 20,000

The U.S. economy unexpectedly shed 23,000 jobs last months, according to the Bureau of Labor Statistics.

International Business Times · Aug 7

For every 10 jobs, there are 2,539 applicants—and a top hiring platform’s CEO has a solution to the job hunt hell: 'Don't just apply to OpenAI’

The job hunt hell is real—applications per recruiter are up 412%. But most applicants are chasing the same famous companies, says Greenhouse CEO Daniel Chait.

Fortune · Aug 7

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Suzlon Energy shares rise after US judge directs Pentagon to lift wind project freeze

Suzlon Energy shares rose after a U.S. judge ordered the Pentagon to lift its freeze on reviewing onshore wind projects. According to Reuters, U.S. District Judge Karin Immergut granted a preliminary injunction sought by renewable energy groups, who said the freeze had caused a "total halt" in wind project development…

The Economic Times · Aug 7

After severe 76% electricity price hikes due to AI data centers, Virginia requires firms to pay for all dedicated upstream electrical infrastructure — state regulators crack down, governor says move will save civilians ‘hundreds of millions of dollars’

Virginia's public utility regulator now requires all data center projects to pay for the infrastructure needed to supply their power. This makes it one of the first states to convert the 'ratepayer protection pledge' into an actionable policy.

Tom’s Hardware · Aug 6

Why the CFTC and States Like Utah Are Fighting Over Event Contracts — ‘You Can't Rebrand Illegal Gambling’

Kalshi, Polymarket, and other prediction market platforms face an existential threat in the form of legal challenges that suggest their event contracts are nothing more than illegal gambling games.

Barchart · Aug 6

DOGE overstated savings on federal 'receipts' website, auditors find

Federal auditors found Elon Musk's government efficiency savings claims inaccurate. Many reported savings were for actions already underway before the agency began. The watchdog noted a lack of transparency in how savings were calculated. The agency's reported savings lacked supporting evidence, according to auditors. This data quality issue limits the…

The Economic Times · Aug 7

Dollar Rallies on Solid US Economic News and Soaring Crude Prices

The dollar index (DXY00 ) rose by +0.26% on Thursday. The dollar rallied on Thursday amid favorable US economic news. Weekly jobless claims rose less than expected, Q2 nonfarm productivity rose more than expected, and Q2 unit labor costs rose less than expected. Gains in the dollar accelerated on Thursday...

Barchart · Aug 6

Major bank CEO says company spends $250 million a year on GLP-1 drugs for its employees

GLP-1 drugs for weight loss are on the rise, with 11 percent of Americans saying they take one in a recent poll

The Independent UK · Aug 6

US stocks: Dow, S&P slip as investors eye Mideast talks, earnings

Major stock indexes closed lower on Thursday, pausing after a strong start to the week. Investors digested corporate earnings and looked for progress toward a peace deal between the U.S. and Iran. Oil prices rose, with U.S. crude settling up 2.75% at $77.29 a barrel. Data storage companies Western Digital…

The Economic Times · Aug 6

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The Independent UK · Aug 6

Retailers are selling their tariff refunds on the cheap for a quick infusion of cash

Some companies struck deals to sell tariff refund shares before the Supreme Court even ruled against the president’s sweeping levies

Barchart · Aug 6

Do Wall Street Analysts Like Target Stock?

Target has outperformed the broader market over the past year, and analysts are moderately optimistic about the stock’s prospects.

Barchart · Aug 6

Abbott Stock: Is Wall Street Bullish or Bearish?

Abbott has lagged behind the broader market over the past year, yet analysts remain highly bullish about the stock’s prospects.

The Independent UK · Aug 6

Airlines become latest opposition to ICE at airports

Carriers are demanding strict protocols after a gate agent blocked an immigration officer from boarding a Dallas plane without a judge’s warrant

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Barchart · Aug 6

Are Wall Street Analysts Bullish on Block Stock?

Although Block has underperformed the broader market over the past year, Wall Street analysts maintain a strongly optimistic outlook about the stock’s prospects.

Barchart · Aug 6

SHAK Stock Is in Focus as Starboard Value Discloses Stake in Shake Shack

Shake Shack stock rallies as activist investor Starboard reveals a sizable stake. Strong Q2 earnings also contributed to SHAK shares’ surge on Wednesday.

The Economic Times · Aug 6

Mortgage rates hit highest level in over a year. Here's what it means for homebuyers in the US

US mortgage rates have climbed for five consecutive weeks, reaching a yearly high. This trend makes homeownership increasingly difficult for many American families. Higher borrowing costs are slowing down home sales across the United States. Meanwhile, 15-year fixed mortgage rates have slightly decreased for refinancers. Persistent high borrowing costs will…

InsideEVs · Aug 6

What To Know About California's $3,500 EV Rebate—And Which Teslas Qualify

California dropped new details about how its incentive program for new and used EVs works, and which cars qualify. Here's what we know.

Everybody Loves Your Money · Aug 6

Las Vegas Tax Preparer Sentenced After $5 Million IRS Refund Fraud Scheme

Choosing the wrong tax preparer can have serious consequences. A Las Vegas woman who owned a tax preparation business has been sentenced to 30 months in federal prison after admitting to participating in a scheme that sought more than $5 million in fraudulent IRS refunds, according to the U.S. Department…

Barchart · Aug 6

Is Wall Street Bullish or Bearish on Altria Group Stock?

While Altria Group has underperformed the broader market over the past year, analysts remain moderately optimistic about its future growth prospects.

International Business Times · Aug 6

Trump Admin Returns $100 Billion in Tariffs. More Are Still Pending

The figure represents about 60% of the amount collected under tariffs imposed through the International Emergency Economic Powers Act.

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