New Zealand Dollar strengthens as weak US jobs data impacts the US Dollar
The NZD/USD pair made gains toward the 0.5700 mark on Thursday, attributed to a decline in the US dollar (USD) after disappointing US jobs data surfaced. This uptick indicates a notable reduction in demand for the dollar as investors re-evaluated the Federal Reserve’s policy outlook in light of a softened U.S. labor market. Recent U.S. […]
Newsletter: Manufacturer claims AI is creating jobs instead of eliminating them
Welcome to the Artificial Intelligence Newsletter, highlighting the latest in AI advancements. In this issue: An established U.S. manufacturer asserts that AI is generating new jobs rather than eliminating them. A missing kitten was discovered under a car hood, and AI helped return her safely home. Former President Trump announces Taiwan’s plans to expand its […]
Jobless Rate Drops to 4.2% as Economy Gains 57,000 Jobs in June
Job Growth and Unemployment Rate Insights The latest data from the Labor Department shows that the economy added 57,000 jobs in June, and surprisingly, the unemployment rate dropped to 4.2%. This was unexpected, as many economists predicted the jobless rate would hold steady at 4.3%, with about 114,000 people estimated to be unemployed. Revisions from […]
The jobs report, Meta’s rise, Trump accounts, and more in Morning Squawk
1. 1 day shorter Employment statistics were released earlier this morning due to the holiday schedule. In June, nonfarm payrolls are expected to grow by 115,000 jobs, a noticeable slowdown from May’s increase of 172,000, based on a survey from Dow Jones economists. Here’s the key takeaway: 2. Transaction review The U.S. has finalized the […]
Stock futures decline after a slow start to July trading; jobs report on the way: Live updates
Market Update On June 26, 2026, traders were present at the New York Stock Exchange, a familiar scene in financial markets. U.S. stock futures remained close to even on Thursday as investors poised themselves for crucial jobs data, which could impact Federal Reserve monetary policy decisions. Dow Jones Industrial Average Futures saw a slight uptick, […]
Microsoft plans to cut thousands of jobs amid worries over AI spending, marking the third major round of layoffs this year.
Microsoft is set to announce significant job cuts next week, with thousands of positions eliminated in an effort to manage costs amid rising concerns about excessive spending on artificial intelligence. Fewer than 5,500 employees, which is less than 2.5% of the company’s 220,000 workforce, will be affected, particularly within Xbox’s gaming sector and its sales […]
Corning and NVIDIA team up to generate 3,000 new manufacturing jobs in the US
Before the Model T was ever on the scene, and long before the Wright Brothers took flight, Corning was already paving the way for innovation that resonates today. Many Americans may recognize Corning primarily for its glassware, which has been a staple in households for generations. However, the company has also dedicated decades to developing […]
Tariffs on Mexican beer by Trump may endanger jobs in the US, according to a report.
As the Trump administration looks into imposing tariffs on beer from Mexico, a recent report suggests this action might adversely affect the American workers it’s intended to protect. This report indicates that such tariffs could undermine one of the most lucrative segments within the U.S. beer market. Authored by Stephen Moore, co-founder of Unleash Prosperity, […]
British American Tobacco intends to reduce 9,000 jobs by utilizing AI to lower expenses.
British American Tobacco Plans Significant Job Cuts British American Tobacco (BAT) has announced plans to reduce its workforce by around 20% as part of a restructuring effort aimed at utilizing artificial intelligence (AI) to enhance efficiency and profitability. On Monday, the company, well-known for brands like Lucky Strike and Dunhill, revealed that it intends to […]
Economist who won a Nobel Prize warns that concerns about AI jobs could lead to harmful effects.
Concerns About AI and the Job Market A Nobel laureate has voiced concerns that ongoing predictions of artificial intelligence disrupting employment could actually create a self-fulfilling prophecy. Robert Shiller, who won the Nobel Prize in Economics in 2013, shared his thoughts in a guest essay published recently. He noted that anxiety about AI is not […]