• US Companies Add Far Fewer Jobs Than Forecast, ADP Data Show
  
  U.S. companies added far fewer jobs than expected in July, indicating persistent hiring obstacles despite broader improvement in the economy.Businesses' payrolls increased by 330,000 last month, the smallest gain since February, after a revised 680,000 gain in June,...
• Despite Chip Shortage, GM Posts $2.8B Profit, Ups Guidance
  
  Despite a computer chip shortage that temporarily closed some of its factories, General Motors made a healthy $2.8 billion net profit in the second quarter.The earnings came even though GM plants cranked out 200,000 fewer vehicles than they did during the same quarter in...
• Jamie Dimon Sees Himself Atop JPMorgan for Five More Years, But Not 10
  
  Jamie Dimon said he's unlikely to be running JPMorgan Chase & Co. in 10 years, but he does see himself staying for another five years."I'm not going to go play golf and smell flowers," Dimon said in an interview with Fox Business that aired Wednesday.JPMorgan's board last...
• Oil Drops for Third Day on Concern Delta Variant Has Cut Demand
  
  Oil prices fell for a third day on Wednesday on mounting concerns the increasing spread of the delta variant of the coronavirus in top consuming countries will cut fuel demand.
• Bill Gates and Melinda French Gates Finalize Their Divorce
  
  The divorce of Bill Gates and Melinda French Gates has been finalized.The Microsoft co-founder and his wife announced in May they were ending their 27-year marriage and on Monday a King County Superior Court judge signed the dissolution decree. The New York Times reports...
• Meatpacker Tyson Foods Mandates Vaccines for Workers
  
  Tyson Foods Inc said on Tuesday it was mandating COVID-19 vaccinations for its entire workforce, joining a growing list of major U.S. companies as they face renewed pandemic restrictions...
• Hiring May Have Slowed in July Amid COVID Surge
  
  High-frequency data indicate U.S. hiring slowed in July - not held steady as widely expected - with particular softness among states that ended federal unemployment benefits and areas where the COVID-19...
• Sanofi Bets on MRNA Vaccines Beyond COVID in $3.2B Translate Bio Deal
  
  Sanofi has agreed to buy U.S. biotech company Translate Bio in a $3.2 billion deal, as it bets on next-generation mRNA vaccine technology beyond the COVID-19 pandemic, confirming a Reuters exclusive report. Sanofi said it would acquire all outstanding shares of Translate Bio...
• The $29B Deal in 11 Weeks: How Square Bought Afterpay
  
  Jack Dorsey introduced the world to expressing itself in just 140 characters as the creator of Twitter Inc, and his payments company, Square Inc, also likes getting straight to the point. Square's purchase of Australian buy now, pay later provider Afterpay Ltd for $29...
• US Company Profits Even Bigger Than Wall Street's Lofty Targets
  
  Much stronger-than-expected profit reports from U.S. companies in recent weeks have ratcheted up already high Wall Street forecasts on how second-quarter earnings growth will look versus last year. Earnings are now expected to have climbed about 90% in the second quarter...
• Navarro to Newsmax: WH Economic Policies on Road to 'Financial Ruin'
  
  An economics expert, author and former financial adviser to President Donald Trump told Newsmax on Monday that the nation's economic policies are ''leading [the country] down a road of financial ruin.''
• Air Travel Hits Another Pandemic High, Flight Delays Grow
  
  Air travel in the U.S. is hitting new pandemic-era highs, and airlines are scrambling to keep up with the summer-vacation crowds.Despite rising numbers of coronavirus infections fueled by the delta variant, the U.S. set another recent high mark for air travel Sunday, with...
• Treasury Dept Starts Extraordinary Measures as Debt-Ceiling Deadline Missed
  
  Following the expiration of the two-year suspension of the debt ceiling, the Treasury Department began carrying out on Monday extraordinary emergency steps to conserve cash in order to...
• Square to Buy Afterpay for $29B to Tap Younger Users
  
  Square Inc., the digital-payments platform led by Twitter Inc. founder Jack Dorsey, agreed to buy Australian buy-now, pay-later company Afterpay Ltd. for $29 billion in its largest-ever acquisition...
• Zoom Reaches $85M User Privacy Settlement
  
  Zoom Video Communications Inc agreed to pay $85 million and bolster its security practices to settle a lawsuit claiming it violated users' privacy rights by sharing personal data with Facebook, Google and LinkedIn, and letting hackers disrupt Zoom meetings.
• Stephen Moore: 'Some Indications' Economy Is 'Running out of Steam'
  
  While a 6% growth number from the second quarter under President Joe Biden would usually be considered a strong number, former Trump economic adviser Stephen Moore provides an answer on why it fell "short of expectations."...
• Fauci: US Likely Will Not Return to Lockdowns
  
  President Joe Biden's chief medical adviser Dr. Anthony Fauci on Sunday told ABC News he does not expect the United States will be returning to lockdowns, despite the growing risks of COVID-19 infections posed by the Delta variant....
• Minneapolis Fed President Says Delta Variant Could Slow Labor Market Recovery
  
  Minneapolis Federal Reserve Bank President Neel Kashkari told CBS' "Face the Nation" on Sunday that concerns about the spread of the contagious Delta COVID-19 variant "could slow" some the U.S. labor market recovery, noting the virus is "creating a bunch of caution....
• YouTube Suspends Murdoch-Owned Sky News Australia Channel
  
  YouTube said Sunday it had barred Sky News Australia from uploading new content for one week, citing concerns about Covid-19 misinformation.The move comes after a review of posts uploaded by the Rupert Murdoch-owned TV channel, which has a substantial online presence."We...
• Pfizer and Moderna Raises Prices for Its COVID-19 Vaccines in EU
  
  Pfizer Inc and Moderna Inc has raised the prices of its COVID-19 vaccine in the latest European Union supply contracts, The Financial Times reported https://on.ft.com/3j8mbTb on Sunday.The new price for the Pfizer shot was 19.50 euros ($23.15)against 15.50 euros previously,...
• Grounded Pilots Swamp Aviation Recruiters in Fight for Jobs
  
  When U.K.-based Goose Recruitment kicked off a recent campaign to find 30 Boeing Co. 737 cargo pilots for a client in Europe, 400 resumes poured in within 48 hours. Most of the applicants used to fly commercial passenger jets."Pre-Covid, most airline pilots would look down...
• Musk Prepares to Launch Satellite to Give UK Blanket Web Coverage
  
  Elon Musk's Starlink venture is preparing a satellite station that will allow for blanket coverage across Britain, the Telegraph reported.Starlink -- part of the billionaire's Space Exploration Technologies Corp. -- is in the final stages of securing a license to build a...
• Walmart, Disney Announce New COVID-19 Steps Amid Delta Variant Surge
  
  Walmart announced Friday it is again requiring some American employees to wear face masks, while Disney mandated non-union US employees get vaccinated.The moves come as US officials redouble efforts to encourage more vaccinations in response to the highly contagious Delta...
• With Evictions Looming, Congress Strains to Extend Ban
  
  Hours before a nationwide eviction moratorium is set to expire, Congress raced Friday to try to extend the ban in a long-shot effort to prevent millions of Americans from being forced from their homes during a COVID-19 surge.A House panel convened to consider emergency...
• Personal Spending Strengthened in June Along With Prices
  
  U.S. personal spending accelerated more than expected in June, reflecting a ramp up in outlays on services, while a closely watched inflation measure continued to climb. Purchases of goods...

More Street Talk Stories