Business

US futures extend gains after July nonfarm payrolls data

Friday, August 7 by SRN News

Aug 7 (Reuters) - U.S. stock index futures extended gains on Friday after data showed the U.S. economy unexpectedly shed jobs in July, dampening expectations of an interest-rate hike in September. A Labor Department report showed nonfarm payrolls fell 23,000 in the month before, far... Read More.

US employers unexpectedly cut 23,000 jobs, unemployment dips to 4.1%

Friday, August 7 by SRN News

WASHINGTON (AP) - The Labor Department says American employers unexpectedly cut 23,000 jobs last month, marking a sharp reversal after several months of modest job growth. Federal officials also revised previous reports downward. Payroll figures for May and June were reduced by a combined 103,000... Read More.

Dream Finders to buy Beazer Homes in $2.2-billion deal

Friday, August 7 by SRN News

Aug 7 (Reuters) - Dream Finders Homes said on Friday it would acquire peer Beazer Homes in an all-cash deal worth about $2.2 billion, including debt, as it looks to scale up and become the sixth-largest U.S. homebuilder in a challenging housing market. The acquisition... Read More.

Salad chain Sweetgreen shares slide as cyclosporiasis fears prompt forecast cut

Friday, August 7 by SRN News

Aug 7 (Reuters) - Shares of Sweetgreen slumped 15% in premarket trading on Friday, a day after the salad chain slashed its annual same-store-sales projections as consumers grew wary of fresh produce amid a wide outbreak of cyclosporiasis in the U.S. U.S. cyclosporiasis cases have... Read More.

Cloudflare shares jump after forecast raise on AI-driven demand

Friday, August 7 by SRN News

Aug 7 (Reuters) - Cloudflare shares rose before the bell on Friday after the cloud services firm raised its annual forecasts, betting that resilient AI-driven demand will sustain traffic across its network. Quarterly results of Cloudflare, whose shares were last up 16.2% at $330.51, follow... Read More.

Morning Bid: Dealjà vu

Friday, August 7 by SRN News

By Anna Szymanski August 7 (Reuters) - Your weekly market recap, with reading, watching and listening recommendations from the ROI team From the Editor Tech earnings hogged the spotlight this week, as both SpaceX and chipmaker AMD failed to impress investors despite revenue beats, with concerns... Read More.

Fecal Matter — the fashion brand, that is — is suddenly everywhere

Friday, August 7 by SRN News

The brand name behind recent showstopping fashion moments isn't quite as delicate as their romantic and otherworldly looks. When asked what an ethereal Zendaya was wearing for the "Odyssey" premiere in New York, her stylist Law Roach responded: "Fecal Matter." Zendaya's angelic strapless gown with... Read More.

As blackouts stretch for days, life in Cuba revolves around small bursts of electricity

Friday, August 7 by SRN News

HAVANA (AP) - A 20-minute burst of electricity is a small miracle in Havana nowadays - a miracle that sometimes comes at 3 a.m. That's when 72-year-old Leidis Rodríguez frantically cooked beans after the lights switched on this week following hours of uninterrupted blackouts. "The... Read More.

Markets aren’t going on a summer holiday

Friday, August 7 by SRN News

Aug 7 (Reuters) - No time for a break. Even in the middle of August, there is plenty of market news to watch. There's possibly more U.S.-Japanese intervention to support the yen, key economic data, and, whether the U.S. will accept an emerging interim deal... Read More.

Analysis-Korean ‘ants’ swarm back to Wall Street as KOSPI rout dents homecoming drive

Friday, August 7 by SRN News

By Yena Park and Jihoon Lee SEOUL, Aug 7 (Reuters) - South Korea's stock market rout is unravelling a government-backed effort to lure retail 'ant' investors home, driving the biggest rush into the U.S. market in six months and reviving a long-standing risk to the... Read More.

Current Weather

US futures extend gains after July nonfarm payrolls data

US employers unexpectedly cut 23,000 jobs, unemployment dips to 4.1%

Dream Finders to buy Beazer Homes in $2.2-billion deal

Salad chain Sweetgreen shares slide as cyclosporiasis fears prompt forecast cut

Cloudflare shares jump after forecast raise on AI-driven demand

Morning Bid: Dealjà vu

Fecal Matter — the fashion brand, that is — is suddenly everywhere

As blackouts stretch for days, life in Cuba revolves around small bursts of electricity

Markets aren’t going on a summer holiday

Analysis-Korean ‘ants’ swarm back to Wall Street as KOSPI rout dents homecoming drive

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