Business

Florida enclave dethroned as Silicon Valley AI boom lifts California ZIP code to No. 1

America’s most expensive ZIP code has officially returned to California, as the artificial intelligence stock surge has catapulted Silicon Valley’s ultra-exclusive Atherton past Miami’s tax-free paradise of Fisher Island. But while deep-pocketed tech titans are willing to fork over nearly $10 million for modest Northern California properties, real estate experts…

US economy unexpectedly shed jobs in July

This story about the July 2026 jobs report will be updated with further details. The U.S. economy unexpectedly shed jobs in July amid headwinds caused by elevated inflation and uncertainty over the Iran war’s economic impact.What are the key findings of the July 2026 jobs report? The Bureau of Labor…

Climbing ropes recalled over risk of death from falling, regulators say

More than 1,000 climbing ropes are being recalled over a fall risk that could potentially lead to injury or death, according to federal regulators. Wichard Groupe North America issued a recall of about 1,050 Courant Spliced Kalimba Climbing Ropes, the U.S. Consumer Product Safety Commission announced on Thursday.”The spliced termination…

The million-dollar home is becoming surprisingly normal

A $1 million home no longer guarantees luxury in much of the United States, as years of rising prices have pushed millions of properties into seven-figure territory.The number of owner-occupied U.S. homes worth at least $1 million climbed from about 1.5 million in 2005 to 6.9 million in 2024, according…

July layoffs drop to lowest level in 2 years, Challenger says

Job cuts slowed in July as companies stepped up their hiring plans, while artificial intelligence (AI) continues to be cited as a leading reason for workforce reductions, new data shows. Companies announced 33,429 job cuts in July – a decrease of 27% from the 45,849 announced in June, and a…