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From World Cup Fever to Revisions—5 Takeaways From the May Jobs Report
Payroll growth momentum could slow once the spectacle leaves North America, some economists warned.
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Western Asset Pays $100 Million to Resolve Federal Charges Tied to former Co-CIO
Federal regulators said the firm failed to detect and prevent alleged ‘cherry-picking’ by the former co-chief investment officer.
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Hidden Tax Breaks for Retirees
Several overlooked tax breaks can help seniors keep more of their retirement income.
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Job Hunting After 50? These Tips Can Help
Why experienced workers are increasingly being labeled “overqualified”—and how to fight back.
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Bitcoin Falls to $61,193 as US Dollar Strengthens
Crypto markets have wiped off more than $2 trillion in market cap since October 2025, according to Coingecko.
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US Labor Market Stays Hot as Economy Adds 172,000 New Jobs in May
The unemployment rate was unchanged at 4.3 percent.
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Supreme Court Sides With SEC in Dispute About Recovering Illegal Profits
A federal appeals court previously ruled recovery efforts could proceed even in the absence of proof that investors lost money.
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College Enrollment Increases, Led by Spike in Trades Programs: Report
Enrollment in community college certificate programs jumped 12.1 percent this spring, while international graduate enrollment fell sharply.
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Bessent Signals Bigger Boeing Sales to China Before Xi’s US Trip
U.S. Treasury Secretary Scott Bessent said China may purchase additional Boeing jet orders ahead of the Chinese leader’s September visit.
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US National Gas Average Drops to $4.24
In California, the average gas price has risen to nearly $6 per gallon.
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Appeals Court Halts Order for Customs Chief’s Testimony in Tariff Refunds Case
An appeals court stopped an order that would have required Rodney Scott to testify in the case about tariff refunds.
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Greer Says EU Tariff Deal Can Stand as US Pursues Forced-Labor Duties
The USTR has proposed 10 percent or 12.5 percent duties on 60 economies, with public comments due July 6 and hearings set for July 7.
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Trump Unveils $700 Million Investment in Coal Industry
The president said the initiative will support more than 14,000 jobs and save Americans more than $50 billion.
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SpaceX IPO Targets $1.77 Trillion Valuation
One justification for the trillion-dollar valuation is the new industries that will merge, the company said in its SEC filing.
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Blackstone Caps Withdrawals From Flagship Private-Credit Fund
Blackstone’s BCRED is among the latest private-market funds to cap second-quarter withdrawals after a wave of large redemption requests hit the sector.
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Dow Jones Rises Nearly 900 Points to Record Close as AI Trade Takes a Breather
Small-cap stocks are also outperforming, as the Russell 2000 eyes 3,000.
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Unemployment Claims Hit 4-Month High Ahead of May Jobs Report
The highly anticipated May payrolls report is expected to reaffirm modest hiring momentum.
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AI, Mergers Fuel 16 Percent Jump in Layoffs Last Month
Employers announced 19,536 planned hires in May, up 92 percent from the previous month.
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Supreme Court Upholds FCC’s Fines Against Wireless Carriers
Two telecom companies argued that the FCC’s internal adjudication system violates their constitutional rights.
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