Employers in the U.S. added 206,000 jobs in June, down from the previous month and only slightly higher than the 200,000 economists had expected. The unemployment rate surprisingly moved up to 4.1% from 4.0% in May. April job numbers were lowered by 57,000, while the May figure was adjusted downward...

US Job Growth Slowed in June as Unemployment Rate Rose to 4.1%

(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

Nonfarm payrolls increased by 206,000 for the month, better than the 200,000 Dow Jones forecast though less than the downwardly revised gain of 218,000 in May. The unemployment rate unexpectedly climbed to 4.1%, tied for the highest level since October 2021. Average hourly earnings increased 0.3% for the month and...

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

Asian gold values witnessed a minor uptick on Wednesday due to a weaker U.S. dollar, buoyed by encouraging words from Federal Reserve Chair, Jerome Powell. This increase in gold prices is in part due to investors leaning towards safer assets owing to worldwide economic uncertainties. As the U.S dollar weakens, gold laps up international appeal.

Minor uptick in Asian gold values amid US dollar weakening

Current Technical Analysis of XAU/USD Daily Chart:. → Since November 2022, the price has been moving within an upward channel shown in orange. → Since the beginning of 2024, the price has risen by approximately 12.5%. Gold Price Forecasts for the End of 2024:. ABN Amro’s Cautious Outlook:. Georgette...

Analysis of Gold Price Prospects for the Second Half of 2024

Oscar Munoz, former United Airlines chairman and CEO, joins 'Squawk Box' to discuss the deadline facing Boeing today to either plead guilty to a felony fraud charge or go to trial against the Justice Department stemming from its door panel blowout and subsequent quality control issues, how the company can restore its quality control, state of summer travel, and more.

Former United Airlines CEO on Boeing: Fighting the U.S. government is never a good idea

Newark, NJ

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Morristown Minute

NEWARK, N.J. – Eight individuals associated with the "793 Bloods" street gang, a subset of the national Bloods gang, have been charged for their roles in a Newark-based drug trafficking organization, U.S. Attorney Philip R. Sellinger announced.

Eight '793 Bloods' Gang Members Charged in Newark Drug Network

Bristol, VA

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John M. Dabbs

Bristol, Va. – The Hard Rock Hotel & Casino Bristol has announced a revised timeline for the grand opening of its permanent casino resort. Initially set to begin a phased opening in July, the new target for a fully operational grand opening is now slated for late fall 2024. This change aligns with recent legislation granting casino operators six months to finalize temporary facility projects.

Hard Rock Hotel & Casino Bristol Delays Grand Opening to Late Fall 2024

Reuters

LONDON/TOKYO (Reuters) -The pound and the euro gained against the dollar on Thursday after weak U.S. economic data sent the greenback lower the previous day, as voting began in Britain and the French election neared.

Dollar weakness supports pound and euro, elections in focus

Alfredo Porretti, JPMorgan head of shareholder engagement, joins 'Money Movers' to discuss the key drivers of the uptick in shareholder activism activity, what more M&A activity is on the heels of, and what portion of shareholder activism activity has been successful.

Rise of shareholder activisim: Here's what you need to know

German factory orders logged an unexpected decline in May due to the decrease in foreign demand, official data showed on Thursday. Factory orders declined 1.6 percent month-on-month in May, sharper than the revised 0.6 percent decrease in April, Destatis reported. This was the fifth consecutive decline and also came in contrast to economists' forecast of 0.5 percent growth.

German Factory Orders Fall Unexpectedly On Weak Foreign Demand

Treasury yields dropped on Friday as the latest U.S. jobs report showed an unexpected rise in the unemployment rate. Yields and prices move in opposite directions. One basis point is equivalent to 0.01%. Treasurys. The unemployment rate unexpectedly climbed to 4.1%, the highest level since October 2021. Economists expected the...

10-year Treasury yield falls after unemployment rate rises unexpectedly

This preview of weekly data looks at USOIL and XAUUSD where economic data coming up later this week are the main market drivers for the near short-term outlook. Highlights this week: European flash inflation, US services PMI, FOMC minutes, US job report. Tuesday:. Flash European inflation rate at 09:00 AM...

Weekly Overview: Oil and Gold Price Trends

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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

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The U.S. labor market shows signs of a gradual slowdown as weekly jobless claims rise, reflecting a cooling in employment momentum. This trend, combined with easing inflation pressures, keeps the Federal Reserve on track to potentially start cutting interest rates later this year.

U.S. Jobless Claims Rise Amid Gradual Labor Market Slowdown

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

Shell on Tuesday announced it would temporarily suspend on-site construction at its 820,000 metric ton a year biofuels facility in Rotterdam amid current market conditions. The company said it now expects the second-quarter performance of trading and optimization in the core gas division to come in line with the same period of last year but below the first quarter of 2024 "due to seasonality."

Energy giant Shell to take up to a $2 billion impairment hit on Rotterdam, Singapore plants

Over the past five years, data shows distinct patterns in the seasonality of gold prices. September has consistently been weak, with prices often closing lower than they opened, suggesting a decrease in market confidence or a shift in investment focus. In contrast, due to increased buying, July has shown a higher probability of gold prices closing above their opening mark.

The Spring Doldrums in The Gold Market May Be Changing Soon

LONDON — Britain elected its first Labour prime minister in 14 years, with a landslide victory for the opposition party during the July 4 elections. Keir Starmer takes the country's top job from Rishi Sunak with projections suggesting his left-of-center party could have a majority of around 170 seats.

Who is Labour's Keir Starmer, the new leader of Britain?

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Gold prices rise to one-month high after U.S. jobs report

Gold prices extended gains on Friday to their highest level in a month following key U.S. jobs data the showed labor market was softening, lifting expectations...

Gold prices rise to one-month high after U.S. jobs report

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