BUSINESS ABOVE THE FOLD
Stocks Stumble as Tariffs and Jobs Data Hit a Sour Note
The S&P 500 saw its biggest drop in two months after new tariffs landed and a weak jobs report hit the tape. Turns out even Wall Street can’t keep jamming forever without a little feedback.
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Small Businesses Quietly Cut Jobs in July
The QuickBooks Small Business Index says mom-and-pop shops trimmed 11,000 jobs last month. It’s not a headline grabber — just the kind of number that makes you top off your coffee and stare out the window for a minute.
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New Tariffs Roll Out August 7 — and Everyone’s Guessing Who Pays
Companies are bracing for another wave of tariffs, and nobody’s quite sure who’s footing the bill. Spoiler: it’s usually the guy buying the sneakers.
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Small-Business Optimism Creeps Up (But Hiring Still Hurts)
Confidence is inching higher, but finding reliable workers is still the top complaint. Translation: great tools, no roadies.
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Stocks Bounce Back as Fed Rate-Cut Hopes Rise
After a gloomy week, traders started whispering about possible rate cuts, and markets perked up. Nothing like a little “maybe” from the Fed to keep hope alive.
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WORST IN FLOW
They can’t all be winners…
PARTY BELOW THE FOLD
The Armed Drop New Album and Video That Feels Like Chaos on Purpose
Detroit’s hardest-working hardcore band announced THE FUTURE IS HERE AND EVERYTHING NEEDS TO BE DESTROYED — a title that doubles as a mission statement. The new video looks like Mad Max shot by an art student with a Red Bull problem.
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Dead & Company Celebrate the Dead’s 60th in Golden Gate Park
The tie-dye faithful gathered for three nights in San Francisco as Dead & Company marked six decades of the Grateful Dead’s long, strange trip. If nostalgia had a guitar solo, this would be it.
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Thanks for checking out the business newsletter you skim when you could read the Wall Street Journal… but you know you won't.