U.S. job creation cools in June with payrolls growth of just 57,000; unemployment rate at 4.2%
Nonfarm payrolls were expected to rise by 115,000 in June and the unemployment rate to hold steady at 4.3%.
Rivian raises 2026 delivery outlook while Lucid misses Wall Street expectations for second quarter
Rivian is increasing its delivery outlook to between 65,000 and 70,000 EVs, up from 62,000 to 67,000 units.
Meta’s push into cloud computing means Wall Street has to prepare for lower margins
Meta appears poised to enter the cloud computing market in an effort to monetize its massive AI infrastructure.
AI agents will soon be able to match human traders, Robinhood CEO tells CNBC
Vlad Tenev spoke about the potential of AI agents in trading in an interview with CNBC.
Google loses fight over record $4.7 billion EU antitrust fine
In 2018, the European Commission slapped Google with the record-breaking penalty on the grounds that it abused Android’s mobile dominance.
World Cup could boost the June jobs report by 40,000, Goldman estimates
Nonfarm payrolls are projected to post a gain of 115,000, according to the Dow Jones consensus.
Chip stocks that notched record rallies in second quarter start Q3 with a dud
Memory maker Micron, which jumped over 240% in the second quarter, dropped 11% on Wednesday, wiping out nearly $200 billion of market capitalization.
South Korean government discriminated against Coupang, U.S. companies, House report finds
The House Judiciary Committee said the South Korean government discriminated against Coupang and other U.S. companies, in a new report.
Private payrolls rose by 98,000 in June, less than expected, ADP reports
Companies added slightly fewer workers than forecast, with hiring targeted heavily toward healthcare-related sectors.
Demand for riskier mortgages drops, as their advantages shrink
The spread between the 30-year fixed-rate mortgage and adjustable-rate loans is narrowing, causing demand for ARMs to weaken.
