U.S. added 162,000 jobs in August; wage growth lags inflation
The U.S. economy added 162,000 jobs in August 2026, exceeding economist forecasts, while the unemployment rate held at 4.1%. Wage growth remained at 3.1% year-over-year, below the
Companies, markets and the economy: what was decided, what it costs, and who it lands on.
The U.S. economy added 162,000 jobs in August 2026, exceeding economist forecasts, while the unemployment rate held at 4.1%. Wage growth remained at 3.1% year-over-year, below the
The Treasury Department and IRS proposed a regulation on September 3, 2026, that would revoke tax-exempt status from private schools and colleges offering targeted aid to students
President Trump posted on social media on September 4, 2026, threatening to halt trade with countries that maintain a trade deficit with the United States unless the Federal Reserv
The NBA fined the Los Angeles Clippers $30 million and stripped five consecutive first-round draft picks (2029-2033) after finding the team circumvented salary cap rules to sign Ka
Chevron said on September 2 it will invest over $7 billion to expand oil production in Venezuela to approximately 600,000 barrels per day, more than doubling its current output. Th
U.S. 10-year Treasury yields rose to approximately 4.79 percent on September 1, their highest level since January 2025, as stock markets opened sharply lower amid expectations the
The prediction market platform Kalshi permanently banned former Congressman George Santos on August 31 after finding he made false statements about his State of the Union attendanc
Ohio State University agreed to pay $2.1 million to resolve allegations it failed to disclose employee affiliations with China and receipt of Chinese government support in NASA and
Gabriel Perez, a former White House teleprompter operator, was ordered by the CFTC to pay $172,000 for using advance knowledge of presidential speeches to place profitable bets on
Federal Reserve Chair Kevin Warsh stated at Jackson Hole on August 28 that inflation is running above the Fed's 2 percent target and there is still work to do. After his speech, in
The Department of Justice and DEA announced a $50 million settlement with Walmart to resolve allegations that Walmart pharmacies illegally filled thousands of invalid prescriptions
The Justice Department announced a proposed $250 million settlement with KKR & Co. GP LLC for repeatedly violating federal premerger antitrust review requirements on at least 16 tr
The Personal Consumption Expenditures price index, the Federal Reserve's preferred inflation measure, remained flat at 3.7% annually in July, matching June and exceeding economist
Iran's Economy Minister Ali Madanizadeh said Iran should 'expect an attack' in response to the U.S. Treasury's expanded sanctions announced Monday under an initiative called Operat
The Conference Board reported consumer confidence declined to 89.4 in August from 90.2 in July, the lowest level in seven months. The drop reflects elevated gasoline prices above $
Tetra Tech EC Inc. agreed to pay $57 million to settle allegations it fabricated work and falsified soil test data at Hunters Point Naval Shipyard between 2003 and 2014, data the N
The Trump administration is threatening a 50% tariff on Canadian automobiles and parts, set to take effect in January. The move escalates an ongoing trade dispute between the two c
Neel Kashkari, president of the Federal Reserve Bank of Minneapolis, warned on Sunday that prolonged tariff disputes with Canada could extend U.S. inflation pressures as the two co
The Trump administration began enforcing 50% tariffs on $20 billion worth of Canadian products including dairy, beverages, cement, and hockey equipment after trade negotiations col
Federal Judge Nusrat Choudhury ruled on August 21 that former Abercrombie & Fitch CEO Mike Jeffries is competent to stand trial on sex trafficking charges, reversing an earlier fin
The Federal Reserve released minutes from its Federal Open Market Committee meeting held July 28-29, 2026, on August 19, 2026 at 2:00 p.m. EDT. The minutes reflect the committee's
The Federal Reserve Board on August 20, 2026, issued a Written Agreement enforcement action with SouthPoint Bancshares, Inc. and terminated a Cease and Desist Order against Deutsch
Vice President JD Vance stated Thursday that keeping oil and gas prices low is the United States' 'goal number one' in the Iran war, ranked above preventing Iran's nuclear program.
Luigi Mangione, 28, is expected to plead guilty Friday in federal court to charges related to the December 2024 killing of UnitedHealthcare CEO Brian Thompson, 50. The guilty plea
The Trump administration disclosed that goods, primarily from China, are being rerouted through more than 40 countries including Mexico and Malaysia to evade tariffs. The White Hou
The Consumer Price Index rose 3.4% annually in July, according to official data confirmed by CBS News, marking the second consecutive month of moderating price pressures. Core infl
President Trump secretly switched to a different aircraft in Turkey on July 8 while cabinet members Marco Rubio and Scott Bessent stayed aboard the original plane as a decoy, citin
The Bureau of Labor Statistics will release July consumer price index data on August 12 at 8:30 a.m. ET. Economists expect 3.4% annual inflation, down from 3.5% in June, while wage
Democratic Rep. Marie Gluesenkamp Perez and Trump-endorsed Republican state Sen. John Braun advanced from Washington's 3rd Congressional District primary to the November general el
SpaceX reported second-quarter revenue of $7.8 billion, exceeding analyst forecasts of $6.8 billion, according to CBS News. The company posted a net loss of $541 million. Stock fel
The US Treasury and Japan's Ministry of Finance jointly sold dollars and bought yen to halt the yen's fall to a 40-year low. Both countries said they are prepared to conduct more c
JPMorgan Chase announced a $750 billion housing investment through 2035, including financing for 1 million affordable units and homebuying assistance for 500,000 people, as median
The U.S. economy expanded at an annualized rate of 1.5% in the second quarter of 2026, down from 2.1% in Q1 and below what economists expected. The slowdown coincides with a histor
Shell reported second-quarter 2026 net profit of $9.84 billion, more than double the $4.26 billion in Q2 2025, as oil prices soared following disruption to global energy supplies t
The Federal Open Market Committee voted 9 to 3 on July 29, 2026, to keep the federal funds rate at 3.5 to 3.75 percent. Three officials dissented, preferring a quarter-point increa
ChangXin Memory Technologies shares soared nearly 470% on their Shanghai Stock Exchange debut, reaching a valuation around 3.3 trillion yuan ($487 billion). The surge reflects glob
The Trump administration imposed tariffs of 10% to 12.5% on the top 60 US trading partners, covering 99.4% of US imports, citing forced labour concerns. The move replaces identical
President Trump announced he will launch a Section 301 trade investigation into the EU and threatened substantial tariffs in response to EU fines against Google, Apple, Meta, and A
Oil prices breached $100 per barrel on July 23 for the first time since May, driven by Houthi attacks on Red Sea shipping and renewed US military strikes against Iran. UK petrol pr
Alphabet and Tesla reported negative free cash flow and announced massive continued AI infrastructure spending. Alphabet's stock fell 7%, Tesla's 14.5%, as investors question wheth
The European Commission imposed a €890 million fine on Google for abusing its market position by favoring its own apps and services over competitors under the Digital Markets Act.
Matthew Wright, the former CEO of Southern Water, and three other ex-officers have been charged with conspiracy to defraud the Environment Agency and Ofwat by allegedly manipulatin
US President Donald Trump announced a 50% tariff on a wide range of goods imported from Canada, effective in 30 days, citing unequal treatment of US cars, dairy and alcohol. Prime
UK government borrowing in June 2026 hit 16 billion pounds, 7.9 billion below the same month last year and slightly undershooting the Office for Budget Responsibility's forecast of