(opens original source in a new tab)AxiosSummer jobs report is a double whammy for workersData: Bureau of Labor Statistics; Chart: Courtenay Brown/AxiosAmerica's labor market appeared to be gaining momentum this spring. The latest data makes that rebound look much less convincing.Why (opens original source in a new tab)Courtenay Brown·7 August 2026
(opens original source in a new tab)ElectrekSubaru is spending nearly $10,000 per vehicle to sell its new EVsSubaru’s big EV incentives have helped boost sales, but they’re quickly taking a toll on the company’s profits. (opens original source in a new tab)Peter Johnson·7 August 2026
(opens original source in a new tab)Breaking DefenseUpdating Navy warships at the speed of softwareAfter years of wanting and waiting, the Navy is now updating combat systems over-the-air on ships at sea, write two Navy Department leaders. (opens original source in a new tab)James Day and Justin Fanelli·7 August 2026
(opens original source in a new tab)AgFunder NewsCultivated Food Labs advances faba bean hull-based cocoa alternative“The goal is to build out supply chains for these ingredients and then work with strategic partners," says president Joel Gfeller. The post Cultivated Food Labs advances faba bean hull-based cocoa alternative appeared first on AgFunderNews. (opens original source in a new tab)Elaine Watson·7 August 2026
(opens original source in a new tab)AxiosSen. Cassidy throws Blanche a lifeline for attorney general nominationSen. Bill Cassidy (R-La.) announced Friday that he will vote for Todd Blanche's nomination for attorney general, boosting his prospects for confirmation before the Senate leaves for its August recess.Why it matters: Cassidy's vote keeps Blanche's nomination alive despite previous opposition from Sens. Lisa Murkowski (R-Alaska) and Susan Collins (R-Maine)Editor (opens original source in a new tab)Hans Nichols·7 August 2026
(opens original source in a new tab)CoinDeskOKX's Rafique doubts Clarity Act will pass, warns optimism is already priced into bitcoinThe OKX executive says Democrats have little incentive to hand Republicans a crypto victory before the midterms. (opens original source in a new tab)Will Canny·7 August 2026
Startups (opens original source in a new tab)TechCrunchTrump administration has spent nearly $4B to cancel offshore wind farmsThe Trump administration has now convinced developers to abandon 12 offshore wind leases. The latest will cost taxpayers $1.2 billion. (opens original source in a new tab)Tim De Chant·7 August 2026
(opens original source in a new tab)CoinDeskHow a five-second trick let traders drain millions from PolymarketAfter months of public warnings from onchain analysts, the prediction market is moving to time-weighted prices to make artificial price pushes too costly. (opens original source in a new tab)Olivier Acuna·7 August 2026
(opens original source in a new tab)ElectrekTesla admits Cybertruck PCS defect, extends warranty to 8 yearsTesla has officially acknowledged that the power conversion system (PCS) in pre-2026 Cybertrucks is defective, and it’s extending the warranty on those trucks to 8 years or 150,000 miles. The reversal comes after months of owners paying up to $7,200 to replace a part Tesla now admits “does not meet our reliability standards.” The automaker sneakily tried to let the clear manufacturing defect pass warranties. (opens original source in a new tab)Fred Lambert·7 August 2026
(opens original source in a new tab)YourStory[Weekly funding roundup Aug 1-7] Sharp rise in VC inflow led by River MobilityVC funding into Indian startups bounces back The month of August started on a positive note driven by the $120 million deal of River Mobility and this welcome relief for the ecosystem The first week of August was a welcome relief for the Indian startup ecosystem as venture capital rose sharply w (opens original source in a new tab)7 August 2026
Logistics & Supply Chain (opens original source in a new tab)Supply Chain DiveTyson suggests high beef prices face long recoveryThe meat giant said the Trump administration's efforts to boost supply are unlikely to make a significant impact in the near-term. (opens original source in a new tab)Sarah Zimmerman·7 August 2026
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