Jobs Shock, Record Markets & Major World Developments Crofam News Video
- Crofam.com
- 6 hours ago
- 2 min read
Crofam News
U.S. Jobs Report Surprises Markets
The latest employment report showed U.S. employers unexpectedly cut 23,000 jobs in July, raising new questions about the strength of the labor market and the future direction of interest rates.
Wall Street Reaches a New Record
Despite the weaker jobs report, stocks moved higher. The S&P 500 closed at a record high, while the Nasdaq and Dow also gained as investors reacted to the latest economic data.
Whatnot Reaches $20 Billion Valuation
Live-shopping platform Whatnot raised $545 million in new funding, pushing the company’s valuation to approximately $20 billion as livestream shopping continues attracting investors.
Senate Approves New Russia Sanctions
The U.S. Senate approved a sweeping sanctions package targeting Russia’s energy revenue and countries continuing to purchase Russian oil and natural gas.
New International Defense Agreement
Saudi Arabia, Turkey, and Pakistan signed a joint defense agreement expanding military cooperation between the three countries.
Puerto Rico Begins Water Rationing
Severe drought conditions have forced rotating water outages affecting more than 180,000 customers in San Juan and surrounding communities.
THQ Nordic Holds 2026 Gaming Showcase
THQ Nordic’s latest showcase features updates on Titan Quest II, Wreckfest 2, Expeditions: Samurai, Fatekeeper, The Guild: Europa 1410, and additional upcoming games.
Major Day at the Tour de France Femmes
Kasia Niewiadoma won on Mont Ventoux and took the yellow jersey with two stages remaining in the Tour de France Femmes.
FIFA Leadership Faces New Pressure
Norway’s football federation has called for FIFA President Gianni Infantino to resign amid a growing dispute over the organization’s leadership.
New Entertainment Releases Arrive
Tony, featuring Dominic Sessa as a young Anthony Bourdain, opens in select theaters, while Netflix adds the science-fiction thriller The Last House. Super Troopers 3 also brings the comedy franchise back to theaters.
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