Why One Global Shipping Choke Point Isn’t a Blueprint for Another
The Strait of Malacca may be a model for how Oman and Iran could collect fees in the Strait of Hormuz, but the differences between the waterways are vast. Source link
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Will Late-Night TV Work on YouTube?
Julian Shapiro-Barnum, best known for a social media series called “Recess Therapy,” has started an online-only late-night show. Source link
Less Than 10 Percent of Eligible Children Have Trump Accounts
More than six million have been signed up for the investment accounts, which open for contributions July 4, but there are barriers to uptake. Source link
What Private Credit Is, and Why Investors Are So Worried About It
Some say the industry expanded too quickly and extended loans to companies that won’t be able to pay them back. Source link
US Job Market Makes Slower but Steady Gains, June Employment Data Shows
Employers added fewer jobs in June than a month earlier but the unemployment rate ticked down, a decent showing for the U.S. economy. Source link
Private Credit Can’t Stop the ‘Freak Out’
On Thursday, Blue Owl reported another quarter of double-digit investor withdrawal requests from some of its private credit funds. Source link
Labor Market Not a Source of Inflationary Pressure, Latest Report Shows
The unemployment rate ticked down to 4.2 percent, but average hourly earnings were steady, giving Kevin Warsh, the Federal Reserve chairman, room to focus on fighting inflation. Source link
Tesla Sales Surge as Sales Recover in Europe
Price cuts helped the electric automaker rebound in Europe in the second quarter, offsetting declines in the United States. Source link
Why the Jobs Market Has Wall Street and Washington on Edge
A rebound in hiring has put more pressure on the Federal Reserve to raise interest rates. New jobs numbers are scheduled for release on Thursday. Source link