June Nonfarm Payrolls Growth Beats Estimates as Unemployment Ticks Higher
Weekly Jobless Claims Fall More Than Expected
Honeywell did not violate workplace anti-discrimination laws by firing a white engineer who refused to participate in mandatory diversity, equity and inclusion training after the Black Lives Matter movement began, a U.S. appeals court ruled on Wednesday. The 7th U.S. Circuit Court of Appeals in Chicago found no proof that Honeywell retaliated against Charles Vavra, after he complained a video he was supposed to watch on preventing unconscious bias in the workplace contained racist content. In a 3-0 decision, the court said Vavra had no basis to reasonably believe the video violated Title VII of the federal Civil Rights Act or an Illinois human rights law, because he never watched the video in the first place.
"It's going to be a week of reckoning, and I mean a reckoning of how people view inflation and the state of the economy," Fundstrat's Tom Lee said.
President Biden flubbed in his first response during the NATO press conference to a question about Vice President Kamala Harris. He said, “I wouldn’t have picked Vice President Trump to be vice president” if she wasn’t able to serve.
The Australian dollar continues to see a lot of noise, and upward pressure more than anything else. This is a currency that is going to pay close attention to the central bank noise globally.
Toward the end of his closely watched news conference Thursday night on the sidelines of the NATO summit, President Joe Biden was talking about being examined by doctors for his mental acuity. Biden appeared determined and gave no indication that he doubted his ability to be the best candidate to take on Trump in the November general election.
The US Energy Department has revealed that it's awarding car and auto parts factories in eight states a total of $1.7 billion in funding, so that they can be retooled to build electric vehicles and their components.
The presumptive Republican U.S. presidential nominee will be speaking at the upcoming Bitcoin conference in Nashville, Tennessee, later this month, the conference organizer announced Wednesday. Earlier in the day, speculation of a Trump appearance increased as speakers told CoinDesk their slot was reassigned to make room for what an email described as “a very special guest.” Former President Trump will be speaking at 2 p.m. CT (19:00 UTC) for 30 minutes on the last day of the conference, which runs from July 25-27, a spokesman for the conference told CoinDesk.
The IRS announced Thursday that it has collected $1 billion in back taxes from high-wealth tax cheats — a milestone meant to showcase how the agency is making use of the money it received as part of the Biden administration's signature climate, health care, and tax package signed into law in 2022. Part of the push for public awareness of high-wealth tax collections is a growing recognition by agency officials that a potential Republican takeover of the White House and Congress could mean massive future budget cuts for the IRS. As part of that effort, last year the IRS launched a series of initiatives aimed at pursuing high-wealth individuals who have failed to pay their tax debts.
(Bloomberg) -- Key Republican lawmakers asked the Biden administration to prepare a formal intelligence community assessment of a budding partnership between Microsoft Corp. and Abu Dhabi AI firm G42, with a focus on the Emirati company’s ties to China. Most Read from BloombergBiden’s Putin-Zelenskiy Gaffe Deals Fresh Blow to CampaignTesla Delays Robotaxi Event in Blow to Musk’s Autonomy DriveStock Rotation Hits Megacaps on Bets Fed Will Cut: Markets WrapSaudis Warned G-7 Over Russia Seizures Wi