A jobs report came in weaker than expected as stocks hit a record high. NBC News’ Gabe Gutierrez reports.Aug. 7, 2026 © 2026 NBCUniversal Media, LLC

The U.S. economy saw an unexpected 23,000 job losses for the month of July. CBS News MoneyWatch correspondent Kelly O'Grady has the details.

Analysts had expected an uptick in the number of jobs created, but the number of roles fell by 23,000 in July.

The July jobs report delivered a surprise loss, putting the Fed in a tough spot between fighting inflation and protecting workers.

Gold futures rallied to a two-month high and have had their best week in nearly seven months, as worries over the Fed's willingness to fight stubborn inflation [have revived interest in the precious m

Gold prices are on track for their largest weekly gain since January as investors await key U.S. jobs data later on Friday for more cues on the interest-rate outlook. In early trading, New York gold futures rise 1% to $4,

Gold steadied on Friday and was on track for its biggest weekly gain since January, helped by weaker oil prices, while investors awaited ​key U.S. nonfarm payrolls data for clues on the interest ‌rate outlook.

While the shine has come off the broader stock market, gold is standing out after a breakout above a key technical level. Gold futures were surging 3.5% to climb above the 50-day moving average, toward their first close above that widely followed short-term trend tracker since March 17.

News of Iran's restrictive draft plan for the Strait of Hormuz sent oil prices higher, renewing concerns over supply disruptions.

Oil prices fluctuated on Friday and remained on course for sharp weekly declines as uncertainty surrounding a potential agreement to reopen the Strait of Hormuz continued to drive volatility across global energy

Oil prices jumped after the comments by senior Iranian officials on the talks to manage traffic through the waterway.

Oil futures rose Friday, but finished down on the week. WTI settled up 1.2% at $78.18 a barrel, but down 7.7% for the week. Brent rose 1.3% to $83.55 for a 5% weekly loss.

China has reported its exports slowed slightly in July from the month before despite strong growth in demand for high-tech electronics and vehicles

Taiwan's exports rose less than expected in July, continuing to ride the wave ​of AI demand while contending with the undercurrents ‌of global inflation and the economic uncertainties of a prolonged war in the Middle East.

Chinas exports posted stronger-than-expected growth in July, supported by booming global demand for artificial intelligence infrastructure and a rush to ship goods before higher U.S. tariffs took effect.

German exports and industrial production beat expectations in June, adding to signs that Europe's largest economy gained momentum in the second quarter,

Discount supermarkets Aldi and Lidl should no longer be able to block rivals from opening stores near their sites in the UK, the antitrust regulator said as it seeks to level the playing field for the country’s grocers.

British competition ​regulator on ‌Friday said it ​had ​provisionally decided that ⁠discount ​grocery ​chains Aldi and Lidl ​should ​be covered by ‌the ⁠same land agreement rules ​as ​other ⁠UK supermarkets ​to ​ensure ⁠more choice for ⁠customers.

Aldi and Lidl should be covered by the same land agreement rules as the UK’s largest supermarket chains, the UK competition watchdog has said in provisional findings. The Competition and Markets Authority (CMA) proposal would prevent the German discount brands from blocking rival supermarkets opening close to their stores.

Aldi and Lidl could face stricter rules following a review looking into large grocery retailers across the country. The two discount retailer chains should be covered by the same land agreement rules as the UK’s largest supermarket chains,

Atlassian, Twilio, JFrog, and Cloudflare surged after earnings, fueling hopes that software investors are rewarding fundamentals again.

Atlassian stock has staged a strong comeback, helped by its encouraging earnings report. TEAM jumped by 33% in extended hours, forming its biggest gap in years, reaching its highest level since January.

Atlassian Corp. shares surged in after-hours trading after quarterly revenue climbed, easing concerns that the software services company would be overtaken by artificial intelligence applications.

Atlassian › Shares of Atlassian (NASDAQ: TEAM) rocketed higher on Friday after the collaboration and productivity software maker said its artificial intelligence (AI) strategy was working. Where to invest $1,