The August jobs report prediction markets got badly wrong became clear on the morning of 4 September 2026, when the Bureau of Labor Statistics reported that nonfarm payrolls rose by 162,000 in August, shattering both the Dow Jones consensus of 53,000 and the 50-50 odds that Kalshi traders had placed on the economy adding more than 50,000 jobs. The miss was not subtle. Going into the release, Polymarket gave a 48% probability to the economy adding more than 50,000 jobs in August. Economists surveyed by Dow Jones were centred on 53,000, with the broader professional range running from roughly 51,000…
Author: Funke Adeyemi
Funke Adeyemi
Funke Adeyemi spent a decade in corporate banking and fintech before moving to business journalism. She started in trade finance at a major UK bank, moved to a payments company scaling into African markets, and spent her last role leading partnerships at a cross-border remittance platform. She writes about business strategy, fintech, digital banking, and the corporate news that moves markets. She is interested in how companies actually make money rather than how they describe making money in investor presentations. Funke lives in South London. She reads earnings calls the way other people listen to podcasts, and finds them about as reliable.
The Microsoft 365 outage entered its second day on Tuesday, with the company still unable to declare a full resolution after a misconfiguration in core authentication infrastructure knocked out email, file access, and collaboration tools for business and enterprise customers across the globe. The fault originated in Microsoft’s Exchange Online service. According to BleepingComputer, Microsoft tracked the incident under identifier MO1465074 and attributed it to ‘core authentication configuration issues used by multiple internal services within the Exchange Online infrastructure.’ What the Microsoft 365 Outage Actually Broke The disruption spread well beyond Outlook. Microsoft’s own status page listed SharePoint Online, OneDrive…
The Fermi Explorer interstellar mission asks a deceptively simple question: what if the point was never to get there quickly? Backed by the founders of orbital data-centre startup Starcloud, the newly announced non-profit wants to send a one-kilogram spacecraft on a journey to Alpha Centauri, accepting an 80,000-year travel time rather than waiting for propulsion technology that may never materialise. The mission emerged publicly this week, soliciting partners, donations, and scientific payloads. The core team: Starcloud co-founders Philip Johnston, Adi Oltean, and Ezra Feilden, joined by programme manager Garret Jameson. Their plan is to launch a vehicle carrying a 10-cm-square…
The Magna Yuma Energy investment now runs to $35 million in fresh capital, as Canadian auto-parts supplier Magna International bets deeper on battery swapping in India, a market it has quietly been building inside since 2022. The recipient is Yuma Energy, the Bengaluru-based firm that operates a battery-swapping network for electric two- and three-wheelers across 18 Indian cities.Yuma managing director Muthu Subramanian confirmed the investment in an interview, describing it as a Series A round aimed at achieving EBITDA-positive operations by FY27. The new money increases Magna’s stake beyond the 51% it held when the joint venture was formed, though…
The McKesson data breach that came to light last week has widened considerably in scope: the ShinyHunters hacking group claims to have lifted approximately 284 million rows of patient and employee data from the Texas-based pharmaceutical giant’s cloud environments, and issued a ransom demand of $55,236,150 to keep it from going public.McKesson confirmed the intrusion in a statement on its website. Francisco Fraga, the company’s chief technology officer, told customers the stolen data relates to its oncology, multispecialty, and medical-surgical units. McKesson is one of the largest distributors of pharmaceuticals, medical supplies, and healthcare technology in the United States, supplying…
The relationship between AI and zero-day exploits is moving to the centre of one of cybersecurity’s oldest arguments: how governments balance the need to hack criminals against everyone else’s right to privacy. A blog post by Matthew Green’s Cryptographic Engineering blog has reignited that debate, with the Johns Hopkins cryptographer positing that AI could eventually make software so secure that governments lose their primary route into criminal devices. ‘I’m concerned that AI is going to make software much too secure,’ Green wrote, warning that an unprecedented volume of bugs being patched by AI tools could leave law enforcement without exploitable…
US drone and robot restrictions tightened sharply across July and August, with Washington imposing steep tariffs on imported drones and their components and adding foreign-produced advanced robotic devices to the Federal Communications Commission’s Covered List. The moves are framed as national-security measures, but industry analysts say they raise a harder question: can regulatory barriers contain a manufacturing advantage that is already global in scale? The Regulatory Architecture Behind the Restrictions The FCC’s Covered List, maintained under the Secure and Trusted Communications Networks Act of 2019, has expanded rapidly. Foreign-produced unmanned aircraft systems and critical components were added on December 22,…
The Liux Big microcar may be small enough to park at a right angle to the kerb, but the Spanish startup behind it is taking on one of the most competitive segments in European motoring: the city car market that Chinese electric vehicle makers now largely dominate. Founded in 2021, according to PitchBook, Liux has secured Europe-wide homologation for the Big and plans to begin sales in the first half of next year, with Mezha.net reporting a 2027 market launch across multiple countries. The company has raised €16 million (roughly $18.5 million, including European funding) and has grown to 65…
Caterpillar’s AI deployment strategy is rooted in something the industrial giant has been doing in remote mine pits for years: making heavy machinery work without a human in the cab. Now the company is taking that accumulated knowledge into construction sites, quarries, and the enterprise software layer that runs beneath all of it. ‘Now we’re in this super exciting time where we can take all of that learning from mining and bring it into much more dynamic environments, jobsites, quarries, and construction sites,’ Jaime Mineart, Caterpillar’s chief technology officer, told TechCrunch at the Ai4 conference in Las Vegas. The product…
With inflation data, earnings surprises and Middle East tensions all pulling markets in different directions, the case for dividend stocks for income has rarely felt more straightforward. Three names have attracted fresh buy ratings from senior Wall Street analysts: ExxonMobil (XOM), Expand Energy (EXE) and Diamondback Energy (FANG). Three Dividend Stocks for Income in a Volatile Market Morgan Stanley’s Devin McDermott reiterated a buy rating on ExxonMobil and lifted his price target to $177 from $168, citing relative-value opportunities across the integrated energy sector. His core argument: pure-play refiners have already rallied on stronger margins, yet integrated names have lagged,…
