Wall Street reaches new highs on strong jobs data
U S stocks rise with the S P 500 at a fresh peak and the Dow up about 344 points while gains spread across sectors. Expedia and Norwegian Cruise Line lead with strong travel shares as Citigroup and JPMorgan advance. Fed rate bets fade on softer unemployment claims and a mixed tariff outlook.
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Denmark Opens EU Presidency With Call to Unite Amid Trade Turmoil
Aarhus hosts Denmark as it begins a six month EU presidency under the motto A Strong Europe in a Changing World. Prime Minister Frederiksen and Ursula von der Leyen set priorities including Ukraine support, Moldova track to EU, and boosting defense spending to 5 percent of GDP amid U.S. tariff tensions and a fragile budget outlook.
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U.S. adds 147000 jobs in June despite mixed signals
The Labor Department reports 147,000 June jobs with unemployment dropping to 4.1 percent. Health care and government hires rose, but private payrolls lagged. Wages up 0.2 percent. labor force shrank further as discouragement rose to 637,000 amid policy anxieties.
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Egg surcharges lifted at Denny's and Waffle House
Denny's confirmed on May 21 the elimination of its February egg surcharge, while Waffle House canceled its 50 cent per egg fee on June 2. The surcharges followed bird flu outbreaks that spiked egg prices to a March high of $6.23 per dozen, with supermarket prices easing to $4.55 by May as cases declined.
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