The U.S. labor market changed little in July, with both hiring and layoffs edging lower, according to new Labor Department data. About 7.3 million jobs were available in July, slightly higher than the revised 7.2 million openings reported in June. Employers hired about 5.1 million workers, down from 5.3 million in June, while layoffs also declined slightly to about 1.7 million. The data shows the … Continue reading The labor market was little changed in July, with hiring and layoffs both inching lower

Fast-fashion company Shein made its long-awaited stock market debut in Hong Kong after unsuccessful attempts to list in the United States and United Kingdom. The company raised about $1.7 billion through the offering, giving Shein a valuation of roughly $26 billion, far below its nearly $100 billion valuation in 2022. Shein’s shares fell by as much as 10% during early trading before recovering most of … Continue reading Shein valued at $26bn after long-awaited stock market debut

Global bond yields rose as investors weighed concerns about inflation, government borrowing and the economic impact of escalating tensions involving Iran. U.S. Treasury yields moved higher, while government bond yields in Japan and the United Kingdom also came under pressure. Investors are increasingly concerned that higher energy prices could fuel inflation, making it harder for central banks to lower interest rates. The developments come as … Continue reading Global bond yields soar to multi-decade highs

Gold prices fell to a nearly two-week low after Federal Reserve Chair Jerome Powell struck a hawkish tone, reducing expectations for near-term interest-rate cuts. The stronger outlook for U.S. interest rates pushed the dollar and Treasury yields higher, making gold less attractive to investors. Spot gold declined as markets reassessed expectations for the Fed’s monetary policy following Powell’s comments. Investors are now watching upcoming U.S. … Continue reading Gold hits near two-week low on Fed chief’s hawkish stance

Steak ’n Shake, the burger chain founded in 1934, has embraced Bitcoin and now describes itself as a “Bitcoin company.” The chain began accepting Bitcoin payments in May 2025, and its same-store sales grew 13.8% in the second quarter of 2026. Steak ’n Shake puts Bitcoin payments into a strategic Bitcoin reserve and gives hourly employees a Bitcoin bonus of 21 cents for every hour … Continue reading Steak ‘n Shake boosts sales and employee pay with bitcoin, calling itself a ‘Bitcoin company’

A fuel company is suing customers who allegedly failed to pay for gasoline they received through its payment system. The lawsuit involves Freedom Fuel, which claims unpaid transactions have resulted in significant financial losses for the company. The dispute highlights concerns surrounding gas stations’ payment systems and the potential for customers to exploit errors or vulnerabilities that allow them to receive fuel without paying. Freedom … Continue reading Freedom Fuel gas stations sold stolen fuel, lawsuit claims