U.S. Employers Cut 23,000 Jobs in July as Labor-Market Growth Weakens
The Bureau of Labor Statistics reported a 23,000-job decline in U.S. nonfarm payroll employment in July, while the unemployment rate edged lower.
Business & Economy
Jobs, labor, companies, prices, investment, markets, trade, agriculture, energy, and consumer economics.
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U.S. Imposes New Forced-Labor Tariffs on Imports From 60 Economies
The U.S. Trade Representative announced additional tariffs of 10% or 12.5% on imports from 60 trading partners, with exemptions for some raw materials and supply-constrained goods.
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SpaceX shares fall 13.6% after first public quarterly report highlights heavier AI spending
SpaceX shares fell 13.6% after the company released its first quarterly report as a publicly traded company, putting its artificial-intelligence spending and profitability prospects under investor scrutiny.
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Labor Department issues guidance on commuting and remote-work time under federal wage law
Two Wage and Hour Division opinion letters explain how federal wage law applies to commuter travel and work performed at home during part of the day.
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CFPB’s 2026 Agenda Signals a Narrower, Reshaped Consumer-Finance Oversight Regime
The Consumer Financial Protection Bureau’s 2026 agenda outlines planned actions across auto finance, credit reporting, debt collection and money transfers as congressional scrutiny continues.
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2026 Digital News Report Finds Americans Shifting From TV and Search to Online Video
The Reuters Institute’s 2026 Digital News Report says U.S. audiences are continuing to move away from television news and toward online and social video, while Google organic traffic to more than 2,500 news sites fell 38% in one year.
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White House Sets Aug. 19 Effective Date for Additional Tariffs on Canadian Vehicles
A presidential proclamation says additional duties on Canadian motor-vehicle imports will apply to qualifying entries into the United States beginning Aug. 19, 2026.
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Pentagon suspends CMMC Phase II cybersecurity requirements for defense contractors
The Department of War has immediately suspended the next phase of the federal cybersecurity certification program for defense contractors and opened a broader review.
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Chicago Revises 2026 Budget Shortfall Down to $89 Million
Chicago officials lowered their projected 2026 budget shortfall to $89 million, but the city has not adopted a plan to close the remaining gap.
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Gowanda receives $446,000 New York Forward award for downtown improvement fund
New York State Homes and Community Renewal awarded the Village of Gowanda $446,000 for a small-project fund supporting downtown building improvements, business equipment and public art.
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Clinton announces $1 billion AWS data-center investment at former Delphi site
The City of Clinton announced a $1 billion Amazon Web Services investment to transform the long-vacant former Delphi manufacturing facility into a state-of-the-art data center.
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Sugar Land approves $1.3 million incentive for pharmacy facility
Sugar Land approved a performance-based incentive for DeliverIt Group’s planned 60,000-square-foot 503B facility at Sugar Land Business Park.
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U.S. Economy Grew at a 1.5% Annual Rate in the Second Quarter as Government Spending Fell
The Bureau of Economic Analysis reported slower U.S. economic growth in the second quarter of 2026, while June data showed continued increases in personal income, disposable income and consumer spending.
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Everett Utility-Tax Increase Draws Concern From Neighboring Cities
Everett has increased its utility tax and is proposing another rate hike, prompting concern from nearby cities about bills and municipal finances.
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Nestlé Says Global Infant-Formula Recall Hit Sales Less in Second Quarter
Nestlé said its global precautionary infant-formula recall reduced organic growth by 30 basis points in the second quarter, down from 90 basis points in the first quarter, as affected brands began to recover.
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IEA Forecasts Global Gas-Demand Decline After Hormuz LNG Shock
The International Energy Agency says the Middle East conflict disrupted a route that previously carried almost one-fifth of global LNG supply, pushing up prices and delaying an expected easing of gas markets.
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U.S. Employers Lost 23,000 Jobs in July as Unemployment Edged Lower
The Bureau of Labor Statistics reported a decline of 23,000 nonfarm payroll jobs in July, while the unemployment rate fell and other labor-market measures offered a mixed picture.
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FTC says Elite Events bypassed ticket limits and agrees to $300,000 penalty
The Federal Trade Commission says ticket broker Elite Events and its operators illegally bypassed purchase limits for high-demand events and agreed to pay $300,000 in civil penalties.
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Italy Seeks Supply-Chain Records From Nine Luxury Brands in Labor Probe
Italian police visited the headquarters of nine luxury-fashion companies on July 16 as prosecutors examined alleged worker exploitation by subcontractors. Chanel said it was cooperating and had begun ending the relevant subcontractor relationship after a May 18 alert.
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BLS schedules July employment report for Aug. 7 as June remains latest displayed data
The Bureau of Labor Statistics has scheduled its July 2026 Employment Situation report for Aug. 7, while its latest displayed results remain from June.
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Federal Reserve Says U.S. Inflation Rose to 4.1% Over the Year Through May
The Federal Reserve’s July 2026 Monetary Policy Report said headline PCE inflation accelerated to 4.1% through May, while core inflation reached 3.4% and energy prices rose 24%.
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U.K. Clears Paramount’s Warner Bros. Discovery Deal as U.S. Antitrust Fight Continues
The U.K. has cleared Paramount’s proposed acquisition of Warner Bros. Discovery, but the deal remains tied up in a U.S. antitrust case with a trial set for March 2027.