
The Hottest App in Retail Is Now Worth $20 Billion
Whatnot, a fast-growing live-shopping platform, has nearly doubled its valuation in 10 months.
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Whatnot, a fast-growing live-shopping platform, has nearly doubled its valuation in 10 months.

Nonfarm payrolls in the U.S. unexpectedly declined in July, but so did the unemployment rate, leaving investors with mixed signals.

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The Trump administration projected confidence this week that the U.S. could soon strike a deal with Iran, driving down oil prices and sending stocks soaring. But no deal was announced by the day it was promised.

Applied Optoelectronics reports solid earnings, giving a boost to investors who hope it can be more than a meme stock.

The market came into the 2nd quarter of 2026 with weakness due to concerns over Trump's launch of operation Epic Fury alongside Israel against Iran.

President Trump and Fed Chair Kevin Warsh talk about the economy “all the time,” National Economic Council Director Kevin Hassett says on "Bloomberg Open Interest." Hassett says he's sure Trump is not telling Warsh what to do about interest rates.

Nonfarm payrolls decreased 23,000 last month following a combined 103,000 downward revision to the May and June figures, Bureau of Labor Statistics data showed Friday. The unemployment rate fell to 4.1% as labor force participation continued to slide, and wage growth slowed.

Markets could be volatile amid softness in job growth. Job numbers diminish rate hike scenario.

This morning, the Employment Situation from the U.S. Bureau of Labor Statistics (BLS) came in well below estimates nearly across the board, with downward revisions amounting to -103K over the prior two months. The Unemployment Rate bumped down from +4.2% expected and reported a month ago to +4.1% for July.

Joe Mazzola from @CharlesSchwab discusses the market's positive reaction to the July jobs report, as weaker hiring and wage growth reduce the likelihood of a September Fed rate hike. He says the data helps the inflation outlook but also raises some concerns about the broader economy.

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Billionaire Mike Ashley's Frasers Group is the frontrunner to buy British department store chain Harvey Nichols, Sky News reported on Friday.

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