The U.S. labor market remained red-hot in July despite expectations job growth would cool as tighter monetary conditions and company layoffs stoked fears of a recession. The Labor Department released its latest monthly jobs report at 8:30 a.m. ET on Friday. Here were the key numbers from the report, compared to economist estimates compiled by Bloomberg: Non-farm payrolls: +528,000 vs. +250,000 Unemployment rate: 3.5% vs. 3.6% Average hourly earnings, month-over-month: +0.5% vs. +0.4% Average… Source link
Read More »Elon Musk said he and the ‘whole of SpaceX’ had to be drug tested for a year after he smoked weed on Joe Rogan’s podcast
“I don’t even know how to smoke a joint,” Elon Musk told the hosts of the “Full Send” podcast.Theo Wargo/WireImage Elon Musk said he had to take drug tests for a year after smoking weed on Joe Rogan’s podcast in 2018. He and the “whole of SpaceX” were subjected to random drugs tests by the government, he said. “I don’t even know how to smoke a joint,” the tech billionaire told the “Full Send” podcast Thursday. Tesla’s CEO, Elon Musk, said the federal government required him to undergo random… Source link
Read More »The Weekend Shares New Remix Of ‘Best Friends’ Ft. Summer Walker
The Weeknd – Photo: Theo Wargo/Getty Images for Live Nation The Weeknd has released a remix of his Dawn FM song “Best Friends”, which features Summer Walker. You can check it out below. “Best Friends” is the latest track from Abel Tesfaye’s fifth album to get the remix treatment following Kaytranada’s rework of “Out Of Time”, Oneohtrix Point Never’s “Dawn FM”, Swedish House Mafia’s “Sacrifice” and more. The Weeknd wrote online that Walker “f_king CRUSHED it“, adding that… Source link
Read More »Henrik Appears on Yahoo Finance to Discuss Fisker Ocean, PEAR, EV Tax Credit, & More
Henrik appears on Yahoo Finance to discuss Fisker Ocean, PEAR, production, supply chain issues, asset-light strategy, and EV Tax Credit. Today, Henrik Fisker appeared on Yahoo Finance to talk about Q2 2022 earnings, Fisker Ocean, PEAR, reservations, production, EV tax credit legislation, and more. Henrik talks about 55 prototypes that Magna has already built. The host asked about just starting production on the Fisker Ocean.
Read More »Updates on Jaguars-Raiders preseason opener
The NFL returned on Thursday with its annual Hall of Fame Game to open the league’s 2022 preseason, with the rising Las Vegas Raiders and rebuilding Jacksonville Jaguars meeting in Canton, Ohio. Here’s everything you need to know about the closest thing resembling an NFL game we’ve seen since Super Bowl LVI. Jaguars rule out nearly every starter vs. Raiders Let’s just say the Jaguars team suiting up on Thursday is a little different than the one that will be suiting up for Week 1. The Jaguars… Source link
Read More »Mercury, Sun honor Brittney Griner with emotional tribute after Russia prison sentence
Just hours after she was sentenced to nine years in prison on the other side of the world, the Phoenix Mercury and Connecticut Sun came together for a touching, emotional tribute to Brittney Griner ahead of their game on Thursday night. Both the Mercury and the Sun joined arms together at halfcourt at the Mohegan Sun Arena in Connecticut for 42 seconds, honoring Griner’s jersey number, while fans in attendance started chanting, “bring her home.” “It’s not anything we’re politicizing,”… Source link
Read More »Lawyer for Deshaun Watson accusers calls on Roger Goodell to ‘do the right thing’ in suspension appeal
The lawyer for 24 women who filed civil suits against Deshaun Watson held a media conference Thursday in which he criticized an arbitrator’s six-game suspension of the Cleveland Browns quarterback as a “kiss on the cheek,” then called on NFL commissioner Roger Goodell to “do the right thing” in an appeal that will determine Watson’s final punishment. In a wandering set of remarks that criticized the NFL’s investigation into Watson, Houston attorney Tony Buzbee expressed… Source link
Read More »Block reports 34% drop in Cash App bitcoin revenue, takes $36 million charge in Q2
Payments company Block (SQ) announced second quarter results Thursday that showed bitcoin revenue from its Cash App product fell 34% to $1.79 billion, with the company taking a $36 million charge on its bitcoin investments. Gross profit in the quarter totaled $1.47 billion against Wall Street expectations for $1.46 billion, while adjusted earnings per share of $0.18 topped estimates for $0.16. Excluding bitcoin, total net revenue in the second quarter was $2.62 billion, up 34% year over… Source link
Read More »Roger Goodell names former New Jersey attorney general to hear Deshaun Watson’s suspension appeal
NFL commissioner Roger Goodell has named the designee to oversee the league’s appeal of Deshaun Watson’s six-game suspension. Former New Jersey attorney general Peter C. Harvey will hear the appeal, the league announced on Thursday. “Mr. Harvey served as the Attorney General of New Jersey and is now a partner at the Paterson Belknap firm in New York,” the league said in a statement. “He has also served as a federal prosecutor. He has deep expertise in criminal law, including domestic… Source link
Read More »Warner Bros. Discovery sinks on $3.42 billion loss, HBO Max restructuring plan revealed
Warner Bros. Discovery (WBD) reported its first quarterly report since the $43 billion merger as the company battles consolidation challenges. The media conglomerate swung to a $3.42 billion loss in the second quarter, partly due to obstacles related to its recent merger. The stock plummeted in after-hours trading, down as much as 9%. Here are Warner Bros. Discovery second quarter results compared to Wall Street’s consensus estimates, as compiled by Bloomberg: In total, the company said it… Source link
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