Business News Today — Curated & Summarized

The U.S. economy experienced a loss of 23,000 jobs in July, marking an unexpected downturn after previous periods of job growth.

An Irish burger chain, Supermac's, has lost its appeal against McDonald's regarding trademark infringement. The EU Intellectual Property Office ruled that Supermac's branding could be confused with McDonald's Big Mac trademark.

SpaceX's stock is experiencing a significant rise, potentially due to the successful completion of its first lockup expiration. This suggests the market may have already accounted for the risk of insider share sales.

Airbnb's CEO Brian Chesky revealed the company will significantly increase AI investment, attributing recent growth to the technology. The announcement coincided with strong earnings and a 15% stock surge.

Restart, a gaming media website sponsored by Walmart, has laid off its entire editorial team. The site was launched in late 2024 and is operated by content marketing agency Moonrock.

President Trump is again attempting to remove Federal Reserve Governor Lisa Cook, two months after the Supreme Court blocked his previous effort. This move aims to place more allies on the central bank's board.

Quarterly earnings reports from companies like DraftKings and Flutter Entertainment are providing insights into the performance of prediction markets businesses.

Corning is having a significant day and week as the S&P 500 nears a record high. The Investing Club's Homestretch offers an afternoon trading update.

Rockstar Energy founder Russ Savage now owns 12 million shares, or 4.7%, of Celsius Holdings. He has expressed a desire to become CEO of the energy drink company.

A US government report by the GAO found that 96% of DOGE's claimed grant savings are unverifiable, discrediting the organization's "Wall of Receipts."

The article discusses investing in gold as the US dollar weakens. It also includes other weekend reading material on Kevin O'Leary's strategy, a high-dividend investment, and advice from The Moneyist.

Gold investors are making significant bullish bets totaling $180 million on call options, despite a recent 25% drop in the metal's price from its January peak.

Markets reacted positively to Trump's teased Iran deal, despite its non-materialization. Analysts question the sustainability of this market reaction as Iran's resources reportedly diminish.

Doximity's stock surged 50% due to excitement around its medical AI capabilities. Analysts are divided on whether the rally is sustainable, with concerns about potential cannibalization of its core business.

Live commerce platform Whatnot has reached a $20 billion valuation, reflecting the ongoing surge in popularity for live shopping experiences.

Home sellers in 38 of the 50 largest U.S. cities are accepting offers below asking price. Higher mortgage rates are impacting buyers' affordability, leading to this trend.

Ford has chosen the name "Fathom" for its upcoming affordable electric pickup truck, which will start at $28,350. Deliveries are expected to begin later next year.

Lightspeed partners discussed their social media strategies and podcast, Lightwork, on the Equity studio. They shared how they found a new hire through an Instagram DM.

Nvidia's stock experienced its largest weekly surge in over a year, marked by a significant increase in market capitalization, driven by two key factors.

A New Mexico judge ordered Meta to pay $567 million into an abatement fund. This follows a jury ruling that the company violated the state's unfair practices act concerning child harms.