Biden weighs 2024 run as summer wins shift talk
President Biden and allies savor recent wins on climate health care and inflation easing while Democrats debate his 2024 bid. Some lawmakers urge unity and rally support while others express doubts, with a mix of cautious optimism and ongoing uncertainty ahead of the midterms.
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U S home sales fall for sixth straight month in July
July home sales declined 20.2 percent from a year earlier to a 4.81 million annual rate, the sixth straight monthly drop. Prices remain high with a 10.8 percent rise from last year to a median of 403 800, while inventory stays tight and buyers face higher mortgage costs.
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Stocks end higher after choppy trading on Wall Street
Stocks closed modestly higher as the S&P 500 rose 0.2 percent and the Dow gained 0.1 percent while the Nasdaq advanced 0.2 percent. The Russell 2000 led gains among small caps, up 0.7 percent, amid inflation concerns and resilient pockets in the economy. Kohl’s fell 7.7 percent after a weak forecast. The 10 year yield eased to 2.87 percent as unemployment claims edged lower. Investors await Fed steps amid inflation cooling signs and growth outlook.
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Starbucks must reinstate fired workers in Memphis store
U S District Judge Sheryl Lipman ordered Starbucks to offer reinstatement to seven Memphis employees removed earlier this year after leading a union drive. The ruling aligns with the NLRB claim that Starbucks interfered with workers right to organize and requires posting the court order in the Memphis store. Starbucks plans an appeal and seeks a stay of the opinion.
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