Aug 7 (Reuters) – The S&P 500 and the Nasdaq opened higher on Friday after data showed the U.S. economy unexpectedly shed jobs last month, raising doubts about a September interest-rate hike by the Federal Reserve. The Dow Jones Industrial Average fell 35.8 points, or 0.07%, at the open to 53849.26.
NEW YORK, Aug 7 (Reuters) – The U.S. economy unexpectedly shed jobs in July and nonfarm payrolls for the prior month were revised sharply lower, potentially raising questions about whether the Federal Reserve will increase interest rates next month. Nonfarm payrolls decreased by 23,000 jobs last mon
By Christina Amann BERLIN, Aug 7 (Reuters) – German auto group Volkswagen plans to overhaul its U.S. strategy with new management and a revised product offering, including a new pickup truck, a company source told Reuters on Friday. Marco Schubert, previously head of sales at Volkswagen’s premium br
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 below the 80,000
By Lucia Mutikani WASHINGTON, Aug 7 (Reuters) – The U.S. economy unexpectedly shed jobs in July and nonfarm payrolls for the prior two months were revised sharply lower, raising questions about whether the Federal Reserve will increase interest rates next month. While the Labor Department’s closely
NEW YORK, Aug 7 (Reuters) – U.S. interest rate futures on Friday reduced the chances that the Federal Reserve will raise interest rates at next month’s policy meeting after an unexpected decline in U.S. nonfarm payrolls for July. The rate futures market has now priced in just a 43.9% chance of Fed t
LONDON, Aug 7 (Reuters) – The yen jumped suddenly against the dollar again on Friday after a surprisingly weak U.S. employment report, with traders alert to the prospect of intervention just a few days after Japanese and U.S. authorities jointly stepped into the foreign exchange markets to lift the
Aug 7 (Reuters) – Under Armour on Friday forecast a steeper annual revenue decline, underscoring the challenge of reviving growth as cautious consumers rein in spending on athletic apparel amid economic uncertainty in its key North American market. Persistent inflation and a softer consumer spending
SAO PAULO, Aug 7 (Reuters) – Brazilian meat packer JBS has agreed a joint venture with PT Danantara (DIM), an arm of Indonesia’s sovereign wealth fund, to pursue investments in protein production across Indonesia, Southeast Asia, Australia and New Zealand, it said on Friday. The venture will include
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 f
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 power has come bac
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 Amazon.co
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 rema
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 comes as the industry faces dem
Ukrainian long-range drones hit a warehouse in the Ural Mountains belonging to Russia’s biggest online retailer, more than 2,000 kilometers (1,200 miles) from the two countries’ border, local officials and the company said Friday. Ukraine has regularly hit targets in the distant Urals this year and
By Lewis Krauskopf NEW YORK, Aug 7 (Reuters) – A sharp technology-led rally that has lifted the U.S. stock market to record peaks will be tested next week by fresh inflation data, which could build the case for the Federal Reserve to raise interest rates. The S&P 500 this week posted its first all-t
Aug 7 (Reuters) – S&P 500 and Dow futures were little changed on Friday ahead of a key U.S. jobs report that could influence the interest-rate outlook, while Nasdaq futures rose as Microchip Technology and Atlassian’s strong forecasts lifted chip and software shares. Wall Street’s main indexes were
COPENHAGEN, Aug 7 (Reuters) – Norway’s sovereign wealth fund, the world’s largest, said on Friday it does not recommend the U.S. Securities and Exchange Commission (SEC) to outright scrap regulations that require companies to disclose their climate-related risks and spending. The SEC in late May pro
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 won. In July, as the benchmark KOSP
PARIS, Aug 7 (Reuters) – Airbus needs to deliver an average of 90 jets a month between now and the rest of the year to meet its target after posting flat deliveries in July, company data showed on Friday. At its earnings results last week, the European planemaker voiced increasing confidence of reac
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 being negotiated by Iran and Oman that woul
BANGKOK (AP) — World shares were mixed Friday after a modest retreat on Wall Street, while the price of crude oil edged lower. In early European trading, Germany’s DAX rose 0.7% to 26,329.28, while the CAC 40 in Paris gained 0.3% to 8,728.22. Britain’s FTSE 100 was up 0.5% at 10,925.78. The future f
BANGKOK (AP) — China’s exports slowed slightly in July from the month before despite robust demand for high-tech electronics and vehicles. Customs data released Friday showed China’s trade surplus narrowed to $112.5 billion from $125.6 billion in June. Exports rose nearly 24% in July from a year ear
BERLIN, Aug 7 (Reuters) – Volkswagen must act now to secure competitiveness, the German auto group’s controlling families said on Thursday, in their clearest message yet to management amid a push to ramp up cost cuts and fend off Chinese rivals. “The Volkswagen Group is at a historic crossroads. For
TOKYO, Aug 7 (Reuters) – Bank of Japan board member Kazuyuki Masu will join other board members in delivering speeches before the central bank’s next policy meeting September 17 to 18, which is widely expected to result in a rate hike. Masu will deliver a speech and hold a news conference on Septemb
Aug 7 (Reuters) – Daimler Truck will launch the second up to €1.1 billion ($1.3 billion) tranche of its share buyback programme immediately after completing the first by mid-September, it said on Friday, after improving business conditions in the U.S. allowed it to raise its profit forecast last mon
WASHINGTON (AP) — On the face of it, the U.S. job market has looked pretty stable this year. Hiring has been solid – if not exactly spectacular – after a lackluster 2025. But underneath the headline numbers, the job market is sending mixed and confusing signals. Companies in some industries can’t fi
By Karen Brettell Aug 7 (Reuters) – Federal Reserve Chairman Kevin Warsh wants the bond market to take the wheel, contending it should do more of the work of setting the price of money in America. In the seven weeks since his debut policy meeting as chairman, the result has been a volatile, expensiv
A look at the day ahead in European and global markets from Stella Qiu Markets are mostly in a holding pattern as traders stayed on the sidelines ahead of the U.S. payrolls report which is getting notoriously difficult to predict month by month. However, the stakes couldn’t be higher as markets cann
By Lucia Mutikani WASHINGTON, Aug 7 (Reuters) – U.S. job growth likely picked up in July, offering reassurance that the labor market remained resilient and allowing the Federal Reserve to maintain its focus on inflation. The Labor Department’s closely watched employment report on Friday is also expe
