U.S. Economy Grew at a Sluggish 1.5% Annual Rate in the Second Quarter
The U.S. economy expanded at a 1.5% annual rate in the second quarter as elevated inflation, fuel prices and borrowing costs continued to pressure households and businesses.
Business & Economy
Jobs, labor, companies, prices, investment, markets, trade, agriculture, energy, and consumer economics.
-
-
U.S. Employers Cut 23,000 Jobs in July, Raising New Labor-Market Concerns
U.S. employers unexpectedly cut 23,000 jobs in July, sending stocks higher and Treasury yields lower as investors reassessed the Federal Reserve’s rate outlook.
-
Bitcoin-mining company plans Cascade facility; city permits still pending
A bitcoin-mining company plans to build an operation in Cascade with backing from the local economic-development corporation, but construction cannot begin until required city permits are approved.
-
Gower-area farms to host MU Extension field-to-consumer tours
MU Extension has announced farm tours involving Gower-area agricultural operations, giving residents and consumers a chance to learn how local food is produced.
-
North Kansas City seeks commercial development proposals by Aug. 18
North Kansas City is accepting proposals for commercial-property development, with responses due to City Clerk Crystal Doss by noon on Aug. 18, 2026.
-
Google files for second LaGrange data-center building valued at $1 billion
KDC has filed a Georgia regional-impact application for a proposed 470,000-square-foot data-center building at Google’s LaGrange campus.
-
LesserEvil leases 96,000-square-foot warehouse in Danbury
LesserEvil has leased a 96,000-square-foot warehouse at 2 Great Pasture Road, expanding the food company’s industrial footprint in Danbury.
-
San Bernardino Begins Work With Economic Development Director Luis Portillo
Luis Portillo began work July 6 as San Bernardino’s economic development director, with a focus on business conditions, partnerships and long-term competitiveness.
-
Novonix Says ASX Granted Waivers Ahead of Aug. 17 Share-Purchase Plan Results
Australia-based battery-materials company Novonix said the Australian Securities Exchange granted waivers related to its share-purchase plan, with results expected around Aug. 17, 2026.
-
JBS Plans U.S. SEC Reporting Shift, With More Frequent Filings for Investors
JBS N.V. says it plans to move from foreign-private-issuer reporting to the U.S. domestic-company SEC schedule, beginning with its Form 10-Q for the quarter ended June 30, 2026.
-
White House sets Aug. 19 start date for additional duties on certain Canadian dairy imports
A White House proclamation will modify the U.S. tariff schedule for covered Canadian goods beginning Aug. 19, citing alleged discrimination against U.S. dairy commerce.
-
CFPB and Federal Reserve Adopt Uniform Standards for Consumer Financial-Data Reporting
The CFPB and Federal Reserve announced a joint final rule intended to standardize financial-data reporting by covered lenders and other financial institutions nationwide.
-
Federal labor data offer a fresh look at U.S. job openings before the July jobs report
The Bureau of Labor Statistics’ June 2026 Job Openings and Labor Turnover Survey covers vacancies, hiring and separations nationally ahead of the July Employment Situation report.
-
Judge extends pause on Paramount-Warner Bros. deal through August 17
A federal judge has extended a pause on the proposed Paramount-Warner Bros. Discovery transaction as a California-led coalition of states challenges the deal on antitrust grounds.
-
U.S. Wholesale Inventories Rose 0.3% in June as Businesses Carried More Stock
Wholesale inventories held by U.S. firms increased 0.3% in June from May and were up 4.4% from a year earlier, according to new Census Bureau data.
-
U.S. Payrolls Fell by 23,000 in July, Signaling a Stall in the Labor Market
A new federal employment report showed an unexpected decline in U.S. nonfarm payrolls in July, complicating the Federal Reserve’s choices as inflation remains elevated.
-
Tallahassee to Score Bids for ‘Magnetics Capital’ Campaign
Tallahassee has scheduled an Aug. 6 public scoring meeting for a marketing contract aimed at promoting the city as the “Magnetics Capital of the World.”
-
McKinney Announces $919 Million LITEON Investment and 600 Jobs
McKinney says LITEON will invest $919 million and create more than 600 jobs, though the city has not released the facility site or construction schedule.
-
Maryland awards $80,000 to continue Finksburg facade-improvement program
The Maryland Board of Public Works approved an $80,000 award to Carroll County commissioners to continue the Finksburg Facade Improvement Program.
-
Green residents, small businesses enter new NOPEC electric-aggregation cycle
Eligible Green residents and small businesses were slated to receive enrollment letters for a NOPEC electric-aggregation term beginning in June 2026, but the city notice does not list rates, savings or an opt-out deadline.
-
Lone Sky 3 industrial project rises in Prescott Valley
A 62,800-square-foot flex-industrial project is under vertical development at 9200 E. Florentine Road, with 10 planned suites.
-
Normal Electric Aggregation Sets Rates Through August 2027
Normal electric-aggregation participants have a 14-month steady-rate period, covering meter reads from June 2026 through August 2027.