US adds 73,000 jobs in July amid economic pressure from Trump’s trade war

July jobs growth slowed amid rising signs Trump’s tariffs are weighing on trade, prices and hiringUS politics live – latest updatesThe US economy added 73,000 jobs in July, far lower than expected, amid ongoing concerns with Donald Trump’s escalating trade war.Forecasters surveyed by Bloomberg had predicted the July jobs report would show a drop in added jobs of around 109,000. The unemployment rate rose to 4.2% from 4.1% in June. Continue reading…

MGP Ingredients (MGPI) Q2 Sales Drop 24%

MGP Ingredients (NASDAQ:MGPI), a major producer of distilled spirits and specialty wheat-based food ingredients, reported earnings results for the quarter ended June 30, 2025, on July 31. The most notable news was that both non-GAAP earnings per share (EPS) and GAAP revenue exceeded analyst expectations, with non-GAAP EPS at $0.97 (versus the $0.66 estimate), and revenue (GAAP) at $145.5 million (versus the $139.4 million estimate). Despite these beats, both metrics dropped substantially from prior-year levels, highlighting continued soft demand, especially in the company’s core whiskey and value spirits segments. Management reaffirmed its full-year guidance, expressing confidence in its commercial strategy and recent operational changes, even as some segments struggled. Overall, the quarter showcased beat-the-street results, offset by further declines in headline metrics and ongoing volatility. Source: Analyst estimates provided by FactSet. Management expectations based on management’s guidance, as provided in Q1 2025 earnings report. MGP Ingredients specializes in two main areas: distilled spirits production (including whiskey, bourbon, vodka, and gin) and specialty wheat-based food ingredients (like starches and proteins). Its spirits products are sold under its own brands and also in bulk to other companies. Its ingredient solutions segment supplies key baking and food companies across North America.Continue readinghttps://www.fool.com/data-news/2025/08/01/mgp-ingredients-mgpi-q2-sales-drop-24/