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Bloomberg
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Weak Jobs Data Masked by Falling Unemployment

The US unexpectedly lost 23,000 jobs in July while unemployment fell to 4.1%, a decline driven by fewer people participating in the labor force rather than stronger employment. Bloomberg News Economics Chief US Economist Anna Wong joins Bloomberg This Weekend and explains to hosts David Gura and Christina Ruffini that the weak payrolls and persistent downward revisions point to a softer labor market and could reduce pressure on the Fed to raise rates in September.

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Bloomberg
Financial

Senate Confirms Former Trump Defense Lawyer as AG

The Senate confirmed Todd Blanche as Attorney General despite initial opposition from multiple senators concerned about Blanche's ties to President Trump. A deal was struck in the early hours to secure enough votes with key holdouts such as Senator Bill Cassidy changing his position. Bloomberg News Washington Deputy Bureau Chief Laura Davison joins David Gura and Christina Ruffini on Bloomberg This Weekend to discuss the tense and closely watched process.

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Grafa
Insights

Space companies race to scale satellites, rockets, and AI infrastructure

  • Space Exploration Technologies (NASDAQ:SPCX) reported Q2 revenue of $7.8 billion, up 92% year over year, in its first earnings report since becoming publicly traded.
  • Adjusted EBITDA reached $3.5 billion, exceeding analyst expectations of about $2.1 billion, supported by Starlink growth and AI-compute contracts.
  • The space industry is balancing rapid expansion, infrastructure investment, satellite demand, and capital requirements across commercial and government markets.
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Grafa
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E-commerce platforms compete as merchants chase digital growth

  • Shopify (NASDAQ:SHOP) reported Q2 revenue of $3.58 billion, up 34% year over year, with gross merchandise volume increasing 32% to $115.57 billion.
  • The company reported operating income of $488 million and free cash flow of $654 million as merchant activity expanded across its platform.
  • E-commerce companies are focusing on merchant growth, payment solutions, artificial intelligence tools, and profitability while adapting to changing online shopping trends.
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Grafa
Insights

AI software demand reshapes the battle for enterprise data

  • Palantir Technologies (NASDAQ:PLTR) reported Q2 2026 revenue of $1.94 billion, up 93% year over year, driven by growth in U.S. commercial and government markets.
  • The company raised its 2026 revenue guidance to $8.150–$8.158 billion after closing $3.37 billion in contracts and generating $1.22 billion in operating cash flow.
  • Enterprise technology companies are competing for AI adoption as organizations increase spending on data platforms, automation tools, and decision-support software.
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Bloomberg
Financial

Once Upon a Farm CEO on Outlook Boost, Consumer Demand

John Foraker, Co-Founder and CEO of Once Upon a Farm, discussed the company's strong 42% sales growth in the recent quarter and expressed confidence in sustaining this momentum due to resilient consumer demand across baby and kid food categories. The company has raised its guidance for the full year and anticipates continued growth. He speaks with Romaine Bostick on "The Close."

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