Meta is developing a cloud infrastructure business to sell AI computing power, setting up competition with Amazon, Microsoft, and Google. The move could transform the company beyond its advertising roots.
The June jobs report revealed the labor force participation rate has plunged to 61.5%—the lowest in 50 years outside of COVID. Nearly 5 million Americans have left the workforce in the past year alone.
At 42, LeBron James faces the most consequential free agency of his career. Six teams—including the Cavaliers, Warriors, and Heat—are vying for his services as he seeks one final championship.
The sportswear giant topped Wall Street estimates, but a one-time $986 million tariff refund and 17% plunge in China revenue reveal deeper challenges.
American employers added roughly half the expected jobs last month while leisure and hospitality shed 61,000 positions, raising questions about economic momentum.
Los Angeles acquires the former Jazz center for four years and 30 million, signaling a defensive pivot alongside Anthony Davis after LeBron James' departure.
Chinese automaker BYD delivers 557,090 battery-electric vehicles in Q2 2026, surpassing Tesla in the global EV race for the third time in twelve months.
ISM Manufacturing PMI drops to 53.3 as production slows and employment contracts for the 33rd straight month, though new orders remain healthy.