Jobs data ignite fears of recession amid rate pressures
U.S. unemployment rose surprising last month while hiring slowed, fueling market jitters about a possible downturn. The report, alongside weak manufacturing activity and Hurricane Beryl’s Texas impact, underscores a cooling economy despite job gains and a policy path that may delay rate cuts.
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Harris Finance Surge Sets July Record in 2024 Campaign
Kamala Harris and allies raised 310 million in July, topping Donald Trump’s 139 million. Fundraising, driven by California donors, comes amid a volatile race following Biden’s debate, Trump’s assassination attempt, and key campaign moves. Harris reports 377 million on hand to Trump’s 327 million, signaling momentum for November. Julie Chavez Rodriguez leads the Harris effort.
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Justice Department Sues TikTok Over Kids Privacy Protections
The Justice Department with the FTC filed a California federal suit accusing TikTok and ByteDance of COPPA violations by collecting personal data from underage users without proper parental consent and failing to delete such accounts upon request. The case cites a past Musical.ly settlement and seeks to curb ongoing data collection practices.
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