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Economy
Wall Street squeezes out minor gains on so-so jobs data
Investors hope the labor pool is strong enough to keep the economy going but not too hot as to cause the Federal Reserve to raise interest rates.
Iran warns oil tankers to use approved routes in Strait of Hormuz or face a 'forceful response'
The U.S. and many Gulf Arab states say they won’t agree to Iran charging for passage through the strait.
Merz unveils sweeping reform push for Germany: Tax cuts, pension overhaul and new sick leave rules
Chancellor Friedrich Merz had repeatedly complained that the rate of sick leave is too high in Germany, harming productivity.
University of Hawaii officials win personal immunity after professor criticized Black History event
A law professor claims the school violated his First Amendment rights by disciplining him after he spoke out about the university's lack of Black representation during Black History Month.
June jobs report misses big, while unemployment falls
The economy added less than half the number of jobs expected last month and saw fewer gains in April and May than first reported.
US sanctions Brazilians accused of laundering money for crime group
The U.S. Treasury is targeting a network supposedly tied to Primeiro Comando da Capital, one of Brazil’s largest criminal organizations, weeks after the Trump administration classified the group as a terrorist organization.
Political discrimination in Puerto Rico?
BOSTON, Mass. — The First Circuit ruled that a Puerto Rico federal court erred in rejecting a political discrimination claim brought by a municipal auditor who was not re-hired by a new mayor, who belongs to a different party. A failure to re-hire might be unconstitutional discrimination because an auditor is generally a “technocrat” position rather than a “trust” position, for which party affiliation would be a relevant consideration. Vacated.
Employees claim 401(k) mismanagement led to tens of millions in losses
Participants in the Pitney Bowes retirement plan say administrators failed to ditch low-performing investments in a federal lawsuit.
The Strait of Hormuz's future is unsettled in wake of latest strikes
Iran has set up an agency to vet ships and collect information on crews, destination and cargo. It had also demanded payment in at least some cases.
Supreme Court sinks Trump’s attempt to take over Fed board
With three of his nominees on the seven-member board, President Trump would have a majority if his predecessor’s appointee is nixed by the justices.
Iran deal, inflation, AI all pull markets in different directions
The Dow Jones picked up minor gains, the S&P 500 dipped slightly, and the tech-heavy Nasdaq was weighed down by fears about an artificial intelligence bubble.