Marketplace Minute

Busy July Fourth air travel to kick off strong summer; global workforce still quitting for greener pastures; home prices continue to climb; Spain removes tax on olive oil, in inflation fight.

Mixed bag for Wall Street; RIAA alleges copyright infringement by AI; fast-fashion giant Shein may relocate IPO out of U.S.; Ozempic plant to open in North Carolina.

The Fed is scheduled to release the results of its annual bank stress tests on Wednesday; the European Union is charging Apple with antitrust violations; the Treasury Department is creating a new affordable housing fund; more U.S. car dealerships say they’re being impacted by a cyberattack.

Stocks close mostly down; The median price of existing homes keeps climbing; Four major banks need to revise their “living wills; Jet fuel production rises amid the summer travel season.

S&P Global’s flash PMI reading hits 26-month high; TikTok strikes back at U.S. divestiture law; China asks Visa, Mastercard to lower fees; campaign donations poured into presidential race in May.

Markets close mixed; New housing construction drops to the lowest level since 2020; TikTok argues against a ban in court; Car dealerships grapple with a software outage.

The chipmaker’s market value surpasses Microsoft’s; Russia’s Putin signs trade deals with Vietnam; Supreme Court upholds tax on foreign investments; OpenAI founder Sutskever starts new A.I. company, promising safety focus.

Stock markets rise; manufacturing output goes up; EV startup Fisker goes bankrupt; Nvidia becomes world’s most valuable company.

The Commerce Department says retail sales last month rose just a tenth of a percent last month; New York Fed Chair John Williams says the economy is moving in the right direction; another whistleblower for Boeing; a new poll shows about half of Americans say it’s extremely or very important for the government to provide debt relief for medical bills.

Stocks climb to new heights; The Justice Department sues Adobe; China launches a retaliatory investigation into European pork imports; Ultium workers ratify a new contract..

The New York Fed’s June Empire State Manufacturing Survey is out this morning; Minneapolis Fed President Neel Kashkari says  predictions the Federal Reserve won’t cut interest rates until December are “reasonable;” the U.S. surgeon general calls for a warning label on social media; Disney estimates the new “Inside Out 2” film made $155 million.

Markets mostly flat; Consumer sentiment down again; Congressional inquiry into Boeing; Cava shares grew 300% in first year.

Import prices in May fell 0.4%; U.S. manufacturers and labor group urge quicker China import tariffs; possible fake titanium used in Airbus, Boeing planes, The New York Times says.

Markets mixed; Tesla shareholders likely approve Elon Musk’s pay package; SCOTUS ruling could affect unionization; GameStop shareholder meeting overloads servers.

The producer price index in May fell 0.2%; jobless claims rise to 10-month high, but still at a healthy level; Federal Reserve signals just one interest rate cut in 2024; G7 leaders agree to $50 billion Ukraine loan backed by Russian assets.

Markets mixed; Fed signals one rate cut this year; Inflation cools in May; Sony buying Alamo Draft House theater chain.

The consumer price index rose 3.3% in May; gas prices decline 9 cents in a week, AAA says; mortgage applications jump as interest rates dip; E.U. moves closer to hiking tariffs on Chinese electric vehicles.

The S&P 500 and Nasdaq closed at record highs for a second straight day; Federal Reserve governors began a two-day interest-rate-setting meeting; Apple unveiled its latest AI play.

The Small Business Optimism Index hit a high for 2024; federal agencies team up to stop illegal e-cigarette sales; Apple unveils A.I. features; GameStop stock rally appears to be ending.

Markets climb; Apple announces AI features; Activist investor shakes up Southwest; WNBA gets Caitlin Clark boost.

Latest predictions come as Fed officials prepare to meet; Nvidia completes stock split; Norway sovereign wealth fund is latest shareholder to oppose Tesla’s Musk pay; Supreme Court to hear Meta appeal of lawsuit sparked by Cambridge Analytica scandal.

Markets edge down; May jobs report shows strong growth; Emissions standards less ambitious; GameStop plunges despite meme stock attention.

The economy added 272,000 jobs in May; Fed officials to meet next week; GameStop announces quarterly sales decline; China’s exports increase.

Markets were steady; Initial jobless claims rise; European Central Bank lowers rates; AI companies investigated.

The U.S. added a record amount of new solar energy generation, an industry report says; European Central Bank lowers its key interest rate; initial jobless claims inch up to 229,000; Nvidia overtakes Apple as second most valuable company in the world.