Columbus, OH

The S&P 500's rally this year has grown to roughly 16%, with the benchmark on pace for its fourth positive week in the last five as investors bet that any economic weakness later this year will be met with a Federal Reserve rate cut. The Nasdaq's year-to-date gain is 22%.

S&P 500 rises to a record as benchmark heads toward winning week: Live updates

CNBC's Rick Santelli joins 'Squawk Box' to break down the June jobs report.

U.S. economy added 206,000 jobs in June, unemployment rate rises to 4.1%

UPI News

U.S. private job growth for June fell short of expectations, according to private payroll processor ADP's monthly report released Wednesday.

ADP: Private payrolls grew 150,000 in June, lower than expectations

U.S. nonfarm payrolls grew by 206,000 in June, but the growth was narrow. Health care and social assistance added 82,400 positions, while government grew by 70,000 jobs. Several categories saw employment shrink, including manufacturing and professional and business services. The breakdown of the June jobs report suggests that growth has...

Here's where the jobs are for June — in one chart

Abigail Disney, an heiress to the Disney family fortune, plans to withhold donations to Democrats until Joe Biden drops out. Biden has said he has no plans to withdraw from the race. Gideon Stein said he's decided to pause planned donations of $3.5 million. President Joe Biden is facing an...

Disney heiress, wealthy Democratic donors say they won't finance the party until Joe Biden drops out

Nestlé's CEO, Mark Schneider, tells CNBC's Silvia Amaro that the group's new line of meals intended for those on GLP-1 medication is a companion range, insisting Nestlé is "not the drug manufacturer."

Nestlé reveals new food line for those on weight-loss medication

Top Democrats Nancy Pelosi and House Rep. Jim Clyburn said it is fair to raise concerns about President Joe Biden's fitness after he stumbled through his first debate with former President Donald Trump. Pelosi and Clyburn are some of the first high-profile Democrats to publicly validate recent anxieties about the...

Top Democrats Pelosi, Clyburn say Biden age concerns are 'legitimate' after debate

Illinois State

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Chicago, IL

Chicago Happenings

Every year, new laws that were passed the prior year go into effect on July 1. In 2024, a number of new laws will begin this Monday. Among them include higher wages for tipped employees, a gas tax increase, and driver's licenses for undocumented immigrants.

New Laws July 1: Driver's Licenses for Undocumented Migrants, Raises for Tipped Workers, and More

TheStreet

Here's what could happen to the U.S. economy next.

Wall Street analyst unveils startling prediction about the economy

Todays key stories focus on the crisis at Boeing from multiple perspectives. One wonders if the company will “make it out alive,” another that “incompetence could surrender the skies to China,” and another stating “Spirit is only the start of its problems.” The opinion pieces are becoming increasingly critical of Boeing’s performance and the outlook for a turnaround, given the number of issues that need resolution.

The Daily Boeing: key stories for 2 July 2024

Gold prices edged up on Friday and were set for a second straight weekly gain, while traders awaited U.S. employment data to gauge the trajectory of the Federal Reserve's potential interest rate cuts. The U.S. dollar was on track for a weekly decline, making dollar priced-bullion more attractive to buyers...

Gold eyes second straight weekly rise; spotlight on U.S. payrolls

Oil prices for Brent crude hit their highest level since April on Thursday, holding above $87 after data the previous day showed a decline in U.S. inventories. In the previous session, Brent gained 1.3% to settle at $87.34 for its highest close since April 30. WTI, meanwhile, had settled at an 11-week high of $83.88.

Brent crude trades above $87, sets highest levels since April

Business Times

In a mixed signal for the U.S. economy, the Labor Department reported Friday that nonfarm payrolls increased by 206,000 in June, surpassing the Dow Jones forecast of 200,000 but falling short of May's downwardly revised gain of 218,000. At the same time, the unemployment rate unexpectedly climbed to 4.1%, its highest level since October 2021, complicating the Federal Reserve's decision-making on monetary policy.

U.S. Economy Adds Jobs in June Amid Rising Unemployment Rate: Federal Reserve's Next Move Under Scrutiny

Nonfarm Payrolls (NFP) acts as a crucial US economic indicator, impacting job growth forecasts, unemployment rates, financial markets, and wage growth expectations. The Nonfarm Payrolls (NFP) report is a closely watched event in the financial world, acting as a crucial barometer of the US economy’s health, particularly the labor market. Here’s a more detailed look at the information you provided:

Global FX Market Summary: Nonfarm Payrolls (NFP), USD, GOLD, UK, July 5 ,2024

Daily Mail

Charles Schwab economists are pointing out that current market conditions are becoming more similar to 2021, the year before the most recent time stocks soured.

Stock market looks 'eerily similar' to last big crash, veteran Charles Schwab analyst says in dire warning for 401(k)s

The Motley Fool

They may not get the headlines, but these companies are riding the AI wave to strong results.

2 Top Artificial Intelligence Stocks to Buy Right Now

California State

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Alameda Post

California regulators just stopped AT&T from pulling the plug. California’s Public Utilities Commission on June 20 rejected AT&T’s application to stop providing landlines and other services in areas where there is no other option.

Still Need Your Landline?

Reuters

(Reuters) -Federal Reserve policymakers got more evidence of labor-market cooling on Friday that could boost their confidence they are winning their fight on inflation, and open the path to a more active debate on interest-rate cuts when they next meet in late July. The Labor Department's monthly report showed the unemployment rate rose in June to 4.1%, and big revisions to prior-month estimates of job creation meant the average monthly payroll gain over the most recent three months downshifted to 177,000.

Fed rate cut debate in view as U.S. job market cools

CBS Denver

The U.S. jobs market cooled in June but remains solid, raising the odds that the Federal Reserve will be able to curtail inflation without pushing the economy into a downward spiral.Nonfarm payrolls rose by 206,00 jobs last month, in line with analyst forecasts, and unemployment edged up to a still-low 4.1% from 3.4% in early 2023 — its lowest in decades, according to the Labor Department's Bureau of Labor Statistics data.Numbers for the prior two months were downwardly revised, with May now showing 218,000 additional jobs instead of the previously reported 272,000 increase. April's count was also revised lower, to 108,000 from 165,000. Average...

Hiring in the U.S. slowed in June, raising hopes for interest rate cuts

Do you think and speak in ways that mark you as being emotionally intelligent?. After spending more than 25 years researching and writing books about emotional intelligence, I know that you should hope the answer is yes. As I discuss in my most recent book "Optimal," being emotionally intelligent means...

If you always use these 12 phrases, you’re more emotionally intelligent than most

NewsBreak

Payroll data shows 'concerning' concentrated job gains, says ADP's Nela Richardson

Nela Richardson, chief economist at ADP,...

Payroll data shows 'concerning' concentrated job gains, says ADP's Nela Richardson

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