Business Update

Parents of children in kindergarten through high school are spending an average of $144, and that’s coming as families are feeling financial stress. Source link

The U.S. government has lost 84,000 jobs since January as the Trump administration aggressively reduces the work force. Source link

Employers added far fewer jobs in May and June than previously reported. Such downgrades have historically meant trouble for the labor market. Source link

Employers added far fewer jobs in May and June than previously reported. Such downgrades have historically meant trouble for the labor market. Source link

The Federal Reserve held rates steady in July but two governors dissented, saying they had concerns about labor market fragility. Source link

The central bank this week kept interest rates steady for a fifth-straight meeting, prompting the first double dissent from members of the powerful Board of Governors since 1993. Source link

President Trump’s newest barrage of tariffs, major corporate earnings reports and an imminent reading on the U.S. labor market weighed on markets. Source link

The largest U.S. energy companies reported their lowest second-quarter profits in years, as tariffs have weighed on oil prices. Source link

Swiss officials plan to negotiate furiously for a lower rate in the coming days, before the punishing levy takes effect. Source link

President Trump wants lower interest rates, but Jerome H. Powell, the chair of the Federal Reserve, is not yet ready to deliver them. Source link