June job growth shows resilience despite slower pace
U S employers added 206000 jobs in June, keeping the economy growing as the unemployment rate rose to 4.1 percent. The report revises April and May hires downward, but remains solid, with wage gains modest and core sectors less robust. The economy’s slowed momentum shapes Fed rate expectations and voter sentiment ahead of the election.
MENTIONED IN THIS ARTICLE
Washington
America
U.S
Labor Department
Federal Reserve
Fed
Eric Winograd
Alliance Bernstein
Joe Biden
Wall Street
Financial Markets
Treasury
Stocks rally set more records
U.S. stocks rose to new highs after a big jobs report, with the S&P 500, Nasdaq, and Dow gaining as bond yields fell. Investors wager rates may ease, supporting a Goldilocks economy. Newmont surged as gold prices rallied on expectations for lower rates.
MENTIONED IN THIS ARTICLE
New York
U.S
Wall Street
Treasury
Brian Jacobsen
Annex Wealth Management
Newmont
Passenger complaints surge as air travel worsens in 2023
The Transportation Department reported nearly 97,000 consumer complaints about airlines in 2023, a rise from 86,000 in 2022, with delays stubbornly high at about 21 percent and cancellations at roughly 1.2 percent of flights. Most complaints involved U.S. carriers, with foreign airlines and travel agents also cited. The department plans a modernized system to improve oversight, though late reporting persists.
MENTIONED IN THIS ARTICLE
Washington
U.S
Transportation Department
Department
FlightAware
Southwest Airlines
Southwest
Fed stresses monetary independence amid Trump attacks
The Federal Reserve highlights political independence in its semi annual report amid Trump pressure as Powell cites strong support for independence on Capitol Hill. The new box argues monetary policy independence improves performance and calls for transparency and accountability.
MENTIONED IN THIS ARTICLE
Washington
Federal Reserve
Donald Trump
Fed
House
Senate
Central Bank
Congress
Jerome Powell
The
Capitol Hill
Powell
Portugal
Trump
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