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August U.S. jobs data is disappointing, White House says

WASHINGTON (Reuters) -Friday’s U.S. government report showing weaker job growth last month was disappointing but should improve when the data is revised next month, White House economic adviser Kevin Hassett said, citing housing in particular. “It’s a little bit of a disappointing job number, ...
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As job market weakens, Fed seen restarting rate cuts this month

(Reuters) -Federal Reserve policymakers look set to kick off a series of interest-rate cuts this month to shore up an increasingly fragile job market, after a government report Friday showed job gains last month skidded to a near stop, and the unemployment rate rose. While ...
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Pentagon-funded research at colleges has aided the Chinese military, a House GOP report says

WASHINGTON (AP) — Over a recent two-year period, the Pentagon funded hundreds of projects done in collaboration with universities in China and institutes linked to that nation’s defense industry, including many blacklisted by the U.S. government for working with the Chinese military, a congressional ...
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Warner Bros. sues Midjourney for AI-generated images of Superman, Bugs Bunny and other characters

Warner Bros. is suing artificial intelligence company Midjourney for copyright infringement, alleging that the startup enables its millions of subscribers to create AI-generated images and videos of copyrighted characters like Superman and Bugs Bunny. It’s the third big Hollywood studio to sue Midjourney in Los ...
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US job growth slows sharply in August, unemployment rate ticks higher

NEW YORK (Reuters) -The pace of U.S. job growth slowed more than expected in August, and the unemployment rate increased, pointing to signs of slowing labor market conditions and boosting expectations the Federal Reserve will need to be more aggressive in cutting interest rates.  Nonfarm ...
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S&P 500, Nasdaq futures extend gains after nonfarm payrolls data

(Reuters) – S&P 500 and Nasdaq futures extended gains on Friday after a weaker-than-expected nonfarm payrolls reading raised investor bets on interest-rate cuts. A Labor Department report showed nonfarm payrolls increased 22,000 in August, compared with an estimate of a 75,000 ...
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Hiring slowdown continues in 1st jobs report since Trump fired commissioner

(WASHINGTON) -- Fresh jobs data on Friday showed a continued hiring slowdown in the first such release since a dismal jobs report last month prompted President Donald Trump to fire the top official tasked with compiling labor statistics. The reading fell well short of economists' expectations.The U.S. added ...
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India will continue to buy Russian oil despite US tariffs, finance minister says

By Hritam Mukherjee and Nidhi Verma NEW DELHI (Reuters) -India will continue to buy Russian oil as it proves economical, its finance minister said on Friday, despite the Trump administration’s decision to impose heavy import tariffs on Indian goods due, in part, to its energy purchases ...
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Morning Bid: All eyes on jobs

By Anna Szymanski LONDON, September 5 (Reuters) -What matters in U.S. and global markets today By Anna Szymanski, Editor-In-Charge, Reuters Open Interest  Global equities rose on Friday, supported by growing expectations of a U.S. interest rate cut. All eyes will be on the upcoming U.S. jobs ...
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Elon Musk in line for $1 trillion pay package if Tesla hits aggressive goals over next 10 years

Tesla CEO Elon Musk could be in line for a payout of $1 trillion if his electric car company meets a series of extremely aggressive targets over the next 10 years, according to documents released by the company. Tesla, which is leaning heavily into robotics ...
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US employers added 22,000 jobs in August; July revised downward

WASHINGTON (AP) — U.S. employers added just 22,000 jobs last month as the labor market continued to cool under uncertainty over President Donald Trump’s economic policies. The Labor Department said Friday that hiring decelerated from 79,000 in July. The unemployment rate ticked up to 4.3%, ...
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EU would welcome US backing to quit Russian oil, energy chief says

By Kate Abnett COPENHAGEN (Reuters) -The European Union would welcome U.S. President Donald Trump’s support for its plans to stop buying Russian oil, purchases of which are helping to finance Moscow’s war in Ukraine, EU Energy Commissioner Dan Jorgensen told Reuters on Friday. The European Union ...
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