A jobs report came in weaker than expected as stocks hit a record high. NBC News’ Gabe Gutierrez reports.Aug. 7, 2026 © 2026 NBCUniversal Media, LLC

The U.S. economy saw an unexpected 23,000 job losses for the month of July. CBS News MoneyWatch correspondent Kelly O'Grady has the details.

Analysts had expected an uptick in the number of jobs created, but the number of roles fell by 23,000 in July.

The July jobs report delivered a surprise loss, putting the Fed in a tough spot between fighting inflation and protecting workers.

Gold futures rallied to a two-month high and have had their best week in nearly seven months, as worries over the Fed's willingness to fight stubborn inflation [have revived interest in the precious m

Gold prices are on track for their largest weekly gain since January as investors await key U.S. jobs data later on Friday for more cues on the interest-rate outlook. In early trading, New York gold futures rise 1% to $4,

Gold steadied on Friday and was on track for its biggest weekly gain since January, helped by weaker oil prices, while investors awaited ​key U.S. nonfarm payrolls data for clues on the interest ‌rate outlook.

Gold futures gave up earlier gains to finish slightly lower Thursday, as oil prices turned higher amid renewed doubts about the reopening of the Strait of Hormuz. An Iranian parliamentary committee is reviewing a preliminary bill that would bar U.

News of Iran's restrictive draft plan for the Strait of Hormuz sent oil prices higher, renewing concerns over supply disruptions.

Oil prices fluctuated on Friday and remained on course for sharp weekly declines as uncertainty surrounding a potential agreement to reopen the Strait of Hormuz continued to drive volatility across global energy

Oil prices rose on Friday morning after reports that a preliminary draft proposal between Iran and Oman would bar US and Israeli vessels from transiting the Strait of Hormuz until compensation is paid for war damages.

Oil prices jumped after the comments by senior Iranian officials on the talks to manage traffic through the waterway.

China has reported its exports slowed slightly in July from the month before despite strong growth in demand for high-tech electronics and vehicles

Taiwan's exports rose less than expected in July, continuing to ride the wave ​of AI demand while contending with the undercurrents ‌of global inflation and the economic uncertainties of a prolonged war in the Middle East.

Chinas exports posted stronger-than-expected growth in July, supported by booming global demand for artificial intelligence infrastructure and a rush to ship goods before higher U.S. tariffs took effect.

China’s exports have surged this year, driving its economic growth while threatening to exacerbate tensions with trading partners.

Atlassian, Twilio, JFrog, and Cloudflare surged after earnings, fueling hopes that software investors are rewarding fundamentals again.

Atlassian stock has staged a strong comeback, helped by its encouraging earnings report. TEAM jumped by 33% in extended hours, forming its biggest gap in years, reaching its highest level since January.

Atlassian Corp. shares surged in after-hours trading after quarterly revenue climbed, easing concerns that the software services company would be overtaken by artificial intelligence applications.

Atlassian › Shares of Atlassian (NASDAQ: TEAM) rocketed higher on Friday after the collaboration and productivity software maker said its artificial intelligence (AI) strategy was working. Where to invest $1,

Dream Finders Homes inked a deal to buy Beazer Homes for about $915 million, following several months of talks.

Dream Finders Homes Inc. has agreed a roughly $916 million deal to buy rival Beazer Homes USA Inc.

The transaction will make Dream Finders Homes the sixth-largest home builder in the U.S. as sales continue to lag.

An Atlanta-based company plans to combine with a Florida-based competitor to form the sixth-largest homebuilder in the nation.