Kohl’s stock soared by 42.53% with the appointment of new CEO Michael Bender. The company aims to address customer concerns after past mistakes like reducing popular departments and brands. Bender officially took over as CEO on Sunday, signaling a new direction for the retailer.

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1. The U.S. economy added 943,000 jobs in July, exceeding expectations. Unemployment rate dropped to 5.4%.

2. Tesla reported record profits in the second quarter, despite supply chain challenges. Stock price surged 3% in after-hours trading.

3. Apple announced plans to scan iPhones for child abuse images, sparking privacy concerns among users and activists.

4. Facebook faced backlash over its plans to develop an Instagram for kids under 13, raising concerns about online safety and mental health.: Kohl’s Names New CEO in Bid to Move Past Leadership Scandal