Hiring gains in swing states test Trump campaign
Labor Department data shows jobs rose in Colorado Florida Michigan and North Carolina over the past two months, with July adding 255000 positions nationwide and unemployment at 4.9 percent. State gains include Florida 250200, Colorado 74200, Michigan 2.5 percent, and North Carolina 2.2 percent. Kansas fell 5600.
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US stocks slip as energy shares lead minor losses
U S stocks closed lower amid a quiet week as energy companies fell after oil gains faded while technology and materials rose slightly. The Dow fell about 45 points to 18552.57, the S P 500 edged down, and the Nasdaq slipped modestly as bond yields rose and oil prices fluctuated.
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Morgan Stanley sued over 401(k) plan mismanagement
A Morgan Stanley 401(k) participant filed suit in U.S. District Court in New York alleging high fees and poor performance in the $8 billion plan affecting about 60,000 participants. The complaint accuses the bank of steering to its own funds to boost profits, citing underperforming funds and last year's volatility.
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