Job openings exceed unemployed workers for first time since 2000
U S job openings rose to 6.7 million in April while unemployed workers fell to 6.35 million, leaving a 0.95 ratio of job seekers per opening. Manufacturing and information sector gains led April increases as the labor market tightens and wages may rise.
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Mexico hits U S steel with tariffs and targets pork and bourbon
Mexico retaliates against U S metals tariffs by imposing 15 to 25 percent duties on steel and 20 percent to 25 percent on pork legs shoulders apples potatoes cheese and bourbon. The move targets districts pivotal to Republicans as talks on NAFTA shift toward separate Canada Mexico negotiations while Mexico begins WTO dispute steps.
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Kate Spade dies at 55 in New York apartment
Fashion designer Kate Spade also known as Kate Valentine is dead at age 55. Police say death appears self inflicted and a note was left at the scene in her New York City home. Spade founded the Kate Spade brand in 1993 with Andy Spade and rose to prominence with vibrant handbag designs.
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Star Wars faces uncertain future after Solo box office
Disney faces concern over the Star Wars franchise as Solo A Star Wars Story underperforms. The Han Solo prequel has earned about 264 million worldwide since May 25, with a 250 million production cost and potential write-down of 50 million. Analysts see mixed signs of franchise fatigue for Disney’s core saga.
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