Investors’ attention turns to the U.S. ‘s fiscal deficit and the end of a 90-day pause on so-called U.S. reciprocal tariffs due on July 9.
—-
Wall Street Worries as Crisis-Level Deficits Become the Government’s Default Mode
New legislation could push federal debt into dangerous territory-without an emergency requiring it.
Food prices rose in June as higher meat, vegetable-oil and dairy prices offset lower cereal and sugar prices, the Food and Agriculture Organization of the U.N. said.
—-
American Companies Had Lowest Job Growth in Eight Months
The U.S. economy added 147,000 jobs in June, but nearly half were in government.
—-
China Accelerating Implementation of U.S. Trade Framework, Ministry Says
China is reviewing and approving applications for exports of controlled items to the U.S., as Beijing and Washington speed up the implementation of their trade framework, the Chinese commerce ministry said.
—-
Sleeping beauty bitcoin wallets wake up after 14 years to the tune of $2 billion
Two bitcoin wallets moved 20,000 in the cryptocurrency to new unknown wallets after laying dormant for 14 years.
—-
German Factory Orders Sink as Uncertainty Weighs
The fall in demand was dragged by domestic orders, which dropped 7.8%, while foreign orders held up.
The narrow vote delivered the president a major second-term legislative victory.
—-
Canada Goods Trade Deficit Narrows as Flows With U.S. Continue to Slacken
Helped by volatile gold shipments, the May deficit was down from a record in April and continued to reflect fluctuating tariff policy in Canada’s biggest trade partner and neighbor.
—-
Want to Know Where the Economy Is Heading? It’s All About Earnings.
June jobs data handily beat expectations. But the report was full of asterisks. What matters is tariffs, inflation, and corporate profits.
A record number of drivers are hitting the road this summer, giving the U.S. ethanol industry a needed shot in the arm.
—-
June Jobs Report Likely to Extend Fed’s Summer Pause
Fed officials have cited solid labor-market readings to justify a wait-and-see stance.
The jobs report showed manufacturers are pausing hiring amid tariff uncertainty, while unemployment fell partly because fewer people are looking for work.
—-
Biggest part of the U.S. economy rebounds from trade-war blues. But it’s still weak.
The large service side of the economy rebounded in June after a brief slump in the prior month when U.S. trade wars were at their zenith and companies were paralyzed by indecision.
