The U.S. economy shed 23,000 jobs in July, a sign that the labor market had not stabilized after four months of positive growth.The unemployment rate ticked down only slightly to 4.1%.Economists surveyed by Dow Jones were expecting the release to show 83,000 added roles, more than June’s 57,000. In yet another troubling sign for the … Read more
Burger King and Wendy’s signage.Getty ImagesBurger King has overtaken Wendy’s as the second-largest burger chain in the U.S. by systemwide sales, retaking its crown six years after losing it to the rival chain.The change in positions follows the two companies’ diverging results over the past two years. Wendy’s has reported shrinking U.S. same-store sales for … Read more
The United States labour market lost 23,000 jobs in July, with major declines across several sectors, including education, government and retail trade.On Friday, the Bureau of Labor Statistics released its latest jobs report, which showed that the unemployment rate fell to 4.1 percent from 4.2 percent.Recommended Stories list of 4 itemsend of listPart of that dip, … Read more
The billionaire founder of Rockstar Energy has purchased millions of shares of Celsius Holdings and is calling for the ouster of that company’s CEO after its earnings miss this week.Russ Savage now controls more than 12 million shares of Celsius, he told CNBC. Celsius markets its energy drinks to athletes and health-conscious consumers and has … Read more
Sandisk (SNDK) management offered some perspective following earnings this week showing that the momentum stock shouldn’t be down for much longer. AlphaSpace stat to know: $4.5 billion Sandisk repurchased a whopping $4.5 billion of its stock in its most recent quarter, per Yahoo Finance AlphaSpace data. The company has $14.5 billion remaining under its existing … Read more
United Airlines Polaris lounge in ChicagoUnited AirlinesCHICAGO — No advanced seat selection, lounge access or flight changes included with a C-suite executive’s business-class ticket? Absolutely not, some companies say.Delta Air Lines joined United Airlines last month in launching stripped-down business class fares for certain flights, taking the same approach they used to carve up coach … Read more
Donald Trump has ordered a new 15% tariff on imported products made of polysilicon, an important ingredient in microchip manufacturing that is primarily produced by China.The new tariff, which will take effect on 4 December, is aimed at supporting US chip and solar panel supply chains to compete with Beijing on artificial intelligence and energy.The … Read more
A trader works on the floor of the New York Stock Exchange. NYSEStock futures were mixed early Friday as traders awaited the release of the July jobs report. Nasdaq 100 futures led gains, rising 0.32%, as S&P 500 futures advanced almost 0.1%. In contrast, Dow Jones Industrial Average futures lost 53 points, or 0.1%. In … Read more
SHENZHEN, CHINA – MAY 1: The Chinese national flag is seen in front of stacked shipping containers bearing MSC (Mediterranean Shipping Company), Maersk, and Hamburg Süd branding at Yantian Port on May 1, 2026, in Shenzhen, Guangdong Province, China. Cheng Xin | Getty Images News | Getty ImagesChina’s exports rose more than expected in July, … Read more
Trump imposes 15% tariff on key chip material to counter China BBCTrump Issues Tariffs on Key Ingredient for Electronics and Solar Panels The New York TimesTrump unveils trade actions to compete with China on solar and chips ReutersUS Weighs Delayed Collection of Planned Polysilicon Tariffs Bloomberg.comTrump to Impose 15% Tariff, Set Minimum Prices on Solar … Read more