9.7.2024

Facts, without motives.
 

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Good morning. It's Saturday, Sept. 7, and in this weekend edition, we're covering a cooling labor market, fossils revealing a massive reptile's flight capability, and much more. First time reading? Join over 3.8 million readers. Sign up here.

 

You share, we listen. As always, send us feedback at [email protected].

One Big Headline
 

Summer Hiring Slowdown

US employers added 142,000 nonfarm jobs in August, fewer than the 161,000 jobs economists had anticipated, according to government data released yesterday. The US Bureau of Labor Statistics also revised the number of jobs added in June and July; June was revised down to 118,000 jobs from 179,000, while July was revised down to 89,000 jobs from 114,000. 

 

Most of the jobs were added in construction (34,000) and healthcare (31,000). The unemployment rate fell to an expected 4.2% in August from 4.3% in July. Average hourly earnings in August rose 0.4% month-over-month and 3.8% year-over-year, both higher than economist estimates. View a breakdown of data here.

 

Analysts say the data show the Federal Reserve could cut interest rates by at least a quarter-percentage-point at its next two-day policy meeting from Sept. 17-18. The Federal Reserve's benchmark federal funds rate has been at a range between 5.25% and 5.5% since July 2023. 

In partnership with Pendulum

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Quick Hits
 

Judge delays Trump's hush money sentencing until after election. 

A New York judge postponed former President Donald Trump's sentencing in his hush money trial to Nov. 26. Sentencing had previously been set for Sept. 18. In May, Trump was found guilty of falsifying business records to cover up payments made to adult film star Stormy Daniels in the lead-up to the 2016 election. The judge is also weighing a request from the defense to overturn the verdict following the Supreme Court's July ruling on presidential immunity. 

 

Israel appears to end 10-day raid in West Bank city of Jenin. 

At least 39 Palestinians were killed during Israel's military operation in the West Bank, with 21 from Jenin, according to the Palestinian Health Ministry. A 26-year-old Turkish-American woman, who had been protesting against Israeli settlers in the West Bank, was also reportedly fatally shot by Israeli forces. Over 600 people have been killed in the West Bank this year, per the United Nations. See updates on the war here.

 

Ex-mafia hitman sentenced to 25 years in death of Boston mobster.

Fotios Geas, 57, who was already serving a life sentence in federal prison for other crimes, was convicted Friday of beating to death 89-year-old Boston mobster James "Whitey" Bulger in his cell in 2018 as two other inmates served as lookouts. Geas was the last of the three men to be sentenced for the murder. Bulger ran a largely Irish gang in the '70s and '80s and later became one of the FBI's 10 most-wanted fugitives after being on the run (see more). He was caught in 2011. 

 

Pterosaur fossils shed light on massive reptile's ability to fly.

Paleontologists found three-dimensional fossils of two different large-bodied pterosaur species dating back roughly 72 million to 66 million years. The remains reveal the wing bones of the Arambourgiania philadelphiae species are similar to those of modern-day vultures, while the wing bones of the Inabtanin alarabia species are similar to modern-day flapping birds. See a 101 on flight patterns here.

 

UK watchdog finds Google's ad tech practices harm competition. 

The UK Competition and Markets Authority accused Google of breaking competition laws by abusing its dominance in online display advertising to favor its own services. Publishers and advertisers rely on Google's tools to bid on and sell advertising space on websites and apps. See the CMA's allegations here. Google is also under investigation by the US Justice Department and European Commission.

 

Japanese 7-Eleven owner rejects $38.5B takeover bid.

Canada's Alimentation Couche-Tard, which owns international convenience chains like Circle K, had offered to buy retail giant Seven & i Holdings in an all-cash deal. Had the offer been accepted, it would have been the largest-ever foreign buyout of a Japanese company. Seven & i Holdings said the deal would have faced antitrust challenges in the US and was not in the best interest of shareholders. Seven & i Holdings also said it was open to further negotiations. 

Humankind
 

Michigan child donates lemonade stand earnings to county animal shelter. (More)

 

Paralympic archer Tracy Otto announces her pregnancy hours after her fiancé proposes under the Eiffel Tower. (More

 

Washington Army Ranger rescues man trapped in burning car on highway. (More)

 

... and a young man and his biological dad unexpectedly reunite in the Army. (More)

 

Massachusetts siblings each win $25K per year prize by playing same lottery numbers at different stores. (More

 

Charles Barkley keeps promise to donate $1M to a New Orleans school after two students solved a centuries-old mathematical equation. (More)

In partnership with Sky Quarry

Founding Phenom: 10 Exits & Counting

This founding team has collectively achieved over 10 exits. And they’re inviting investors to join them ahead of their next planned public listing (the deadline is 9/18)

 

This time, these founders are teaming up to take Sky Quarry to the Nasdaq. The company has already made $50M+ in revenue from recycling asphalt shingles into valuable products like aviation fuels and construction materials. But the best is yet to come with their flagship refinery opening in the next year. 

 

Become a Sky Quarry shareholder before the planned Nasdaq listing.*

 
Humankind(ness)
 

Today, we're sharing a story from reader Lisa E. in The Woodlands, Texas.

 

"Even though summer is over, the managing partners at my daughter’s company just decided to let their recent college-graduate summer interns keep their jobs until they find new positions. They want to ensure they have a paycheck while job hunting, and they even gave them titles to go with their job descriptions to help improve their resumes." 

 

What act(s) of kindness did you experience this week? Tell us here.

Etcetera
 

Bookkeeping

> US Open's signature $23 cocktail to surpass $10M in sales. Here's how to make it.

> NFL fans to pay average of $15 for a beer and hot dog. See stadium breakdown

 

Browse 

> See colorful spiders and their courtship dance moves

> Mapping the most expensive European Union countries.

Why airplanes have rounded windows.

> Drought dries up lake, reveals sunken Greek village.

> Famous brands and their original names.

 

Listen 

> A journalist increasingly hands off his life to an AI voice clone to test its limits

 

Watch 

> Salamanders skydive off California's tallest trees.

> When did humans start drinking beverages—and why

> The common theories for why zebras have stripes.

 

Long Read 

> How the buildings you occupy might affect your brain

> Using AI to understand the complex biology of how humans smell.  

> What society can learn from supercitizens—the devoted do-gooders

 

Most Clicked This Week: Ranking the best US cities for retirees (in 2024).

 

Historybook: Uncle Sam first used as nickname for the US (1813); Rock and roll pioneer Buddy Holly born (1936); "I Will Survive" singer Gloria Gaynor born (1943); Pro Football Hall of Fame opens in Canton, Ohio (1963); Rapper Tupac Shakur is shot, dies six days later (1996).

"Self-esteem comes from what you think of you, not what other people think of you."

- Gloria Gaynor

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*Disclosure: This is a paid advertisement for Sky Quarry’s Regulation A Offering. Please read the offering circular at investor.skyquarry.com

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