Business

US suffers unexpected job losses in July, markets dial back rate hike expectations

US suffers unexpected job losses in July, markets dial back rate hike expectations

By Lucia Mutikani WASHINGTON, Aug 7 (Reuters) - The U.S. economy unexpectedly shed jobs in July and previously reported job…

August 8, 2026

S&P closes at record high as soft jobs report eases rate-hike concerns

By Chuck Mikolajczak and Shashwat Chauhan NEW YORK, Aug 7 (Reuters) - U.S. stocks advanced on Friday, with the S&P…

August 8, 2026

US to partially restart activities in Mexico's avocado hub

MEXICO CITY, Aug 7 (Reuters) - The U.S. government will partially restart activities in Mexico's top avocado-producing state of Michoacan,…

August 8, 2026

Trump administration to invest $3 billion into minerals projects to boost US defense supply chains

By Jarrett Renshaw and Ernest Scheyder WASHINGTON, Aug 7 (Reuters) - U.S. President Donald Trump said on Friday the federal…

August 8, 2026

OpenAI flags possible critical cybersecurity risk in upcoming model, tightens controls

Aug 7 (Reuters) - OpenAI said on Friday it cannot rule out that its upcoming AI model, Astra, has "critical"…

August 8, 2026

OpenAI flags possible critical cybersecurity risk in upcoming model, tightens controls

Aug 7 (Reuters) - OpenAI said on Friday it cannot rule out that its upcoming AI model, Astra, has "critical"…

August 8, 2026

Data center firm Switch confidentially files for US IPO, Bloomberg News reports

Aug 7 (Reuters) - Data center firm Switch filed confidentially for a U.S. initial public offering, Bloomberg News reported on…

August 8, 2026

Explainer-How could New Mexico's $567 million ruling change Meta?

By Dietrich Knauth Aug 7 (Reuters) - A New Mexico state court ordered Meta Platforms, owner of Facebook and Instagram,…

August 8, 2026

US Postal Service reports $2.5 billion quarterly loss

By David Shepardson WASHINGTON, Aug 7 (Reuters) - The U.S. Postal Service reported a $2.5 billion net loss for the…

August 8, 2026

New Jersey's $2.5 billion 'forever chemicals' settlements with DuPont, 3M, others win court approval

Aug 7 (Reuters) - A federal judge on Friday approved more than $2.5 billion of settlements that New Jersey reached…

August 8, 2026