Hiring beats forecasts, enabling Fed to focus on curbing inflation
Services sector expands faster than forecast: ISM survey
Data released by the Institute for Supply Management (ISM) on Thursday showed that the services PMI rose to 55.4% in July, up 1.3 percentage points from June, exceeding market expectations. Despite tariffs and the Middle East conflict putting pressure on supply chains, 12 service industries reported growth. Federal Reserve Governor Waller said the same day that the strong services sector supports economic expansion, but inflation remains the focus of policy attention.
Uber to slash 10% of workforce in push to streamline
Uber Technologies announced on Wednesday that it plans to reduce its global workforce by approximately 10% as part of a major organizational restructuring. In a memo to employees, CEO Dara Khosrowshahi stated that the company will focus on its biggest growth opportunities by removing layers, simplifying team structures, and optimizing its global deployment strategy. Although the company's second-quarter revenue increased 12% year-over-year to $14.2 billion, the complexity brought by growth prompted this adjustment.
Hershey finance exec succeeds retiring CFO
Hershey announced on Wednesday, September 2, 2026, the appointment of Dave Hulays as its new Chief Financial Officer, succeeding Steven E. Voskuil, who is retiring. Hulays, 54, previously worked at Procter & Gamble and joined Hershey in 2012, bringing 30 years of financial experience. Voskuil will remain with the company until early in the second quarter of 2027 to facilitate the transition.
Coinbase names former X Corp. CFO to board
Coinbase announced in a securities filing and blog post on Wednesday that it has appointed Anthony Armstrong to its board of directors, effective immediately. Armstrong previously served as CFO of xAI and X Corp. and also worked at Morgan Stanley. He will join the audit committee and will receive an initial restricted stock unit award under the non-employee director compensation plan.