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/

Reddit stock is soaring today. CEO Steve Huffman says it’s good news for humans in an AI world

“You can’t have artificial intelligence without actual intelligence,” the social media boss said during a Q2 earnings call this week. Investors seem to agree.
It’s an understatement to say that Reddit had an excellent second quarter. On Thursday, July 31, the social media company reported a boost in revenue from $281 million to $500 million—a 78% increase year-over-year (YOY). 

OpenAI pulls ChatGPT feature that showed personal chats on Google

Following a “Fast Company” report that found sensitive conversations appearing in search results, OpenAI removed a controversial sharing option and began working to de-index exposed content.
OpenAI has removed a controversial opt-in feature that had led to some private chats appearing in Google search results, following reporting by Fast Company that found sensitive conversations were becoming publicly accessible.

Justin Timberlake announces on Instagram that he has Lyme disease

Lyme disease is transmitted by deer ticks and can cause joint pain along with neurological problems.
Justin Timberlake has been diagnosed with Lyme disease, the former NSYNC star said on Instagram Thursday.Timberlake shared the news in a post commemorating his Forget Tomorrow tour, which wrapped in Turkey on Wednesday, adding that the disease “can be relentlessly debilitating, both mentally and physically.”The “SexyBack” singer, who described himself as a private person, wrote he considered ending the tour when diagnosed, but wrote that he “decided the joy that performing brings me far outweighs the fleeting stress my body was feeling. I’m so glad I kept going.”Lyme disease is transmitted by Ixodes ticks, also known as deer ticks. It can cause flu-like conditions, neurological problems, joint paint and other symptoms. In the vast majority of cases, Lyme disease is successfully treated with antibiotics.“I honestly don’t know what my future is onstage, but I’ll always cherish this run! And all of them before! It’s been the stuff of legend for me,” Timberlake wrote.Timberlake canceled and postponed multiple shows throughout the tour’s run, citing health issues including bronchitis and laryngitis. Six of his U.S. shows were postponed from October and November to February, the singer announced on Instagram. Timberlake ultimately canceled the last show of the U.S. leg of the tour in Ohio due to the flu in February.Representatives for Timberlake did not immediately respond to The Associated Press’ request for comment.

How to unlock creativity in the hybrid workplace

The surprising power of ‘weak ties.’
Despite some high-profile pushback against hybrid work, with many companies eager to fully return their workforces to the office, hybrid work remains the preferred working style of a majority of knowledge workers worldwide. It is the work style for the majority of U.S. knowledge workers.