George Kamel calls spousal allowance systems 'offensive to all people groups,' arguing they treat marriage like an employment contract and breed resentment.
Kamel recommends one joint checking account with a shared budget and equal no-questions-asked fun-money lines for each spouse.
Even on a $6,000 monthly budget, setting equal $200 fun-money amounts for each spouse makes financial partnership operational regardless of who earns the paycheck.
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Ramsey Solutions personality George Kamel does not mince words about the "splowance" trend on social media. In his segment 22 Minutes of Family Money Disasters, he reacted to a woman who pitched a structured monthly allowance system where a husband pays his wife a $300 base rate, plus tiered bonuses called "sweets" ($15 each) and "spoils" ($25 each) for acts like love notes or massages. His verdict: the whole framework of one spouse doling out money to the other should be "offensive to all people groups."

#money #people #like

The dollar index (DXY00) dropped to a 6-week low today and is down by -0.91%. The dollar is moving lower today on today's US economic news that showed Q2 GDP growing less than expected and the Jun core PCE prices index easing as expected, dovish factors for Fed policy. The dollar is also under pressure on negative carryover from Wednesday when the FOMC kept interest rates unchanged. Losses in the dollar accelerated today after the ****** anese yen surged on signs of suspected intervention in the forex market by ****** anese authorities to prop up the yen.
US weekly initial unemployment claims rose +9,000 to 197,000, showing a stronger labor market than expectations of 200,000.
Dollar Falls as FOMC Keeps Interest Rates Unchanged
Dollar Little Changed Ahead of FOMC Meeting Results
Dollar Sinks as the Yen Soars on Suspected ****** anese Intervention

#fomc #japanese #unchanged #suspected

The latest turn in the legal fight for recognition of college athletes as employees who can form unions is taking place out west, with members of the Oregon State women's basketball team on Friday filing a petition for union representation with the state's Employment Relations Board.
The development is legally important for at least two reasons.
More from Sportico.com
Banks Are Rushing to Grab College Sports' Newest Ad ******* e

#college #oregon #employment

On Friday, members of the Oregon women's basketball team filed a petition for union representation with the Oregon Employment Relations Board, marking the latest unionization effort in college sports—and the first based solely on public sector state labor laws.
The effort was led by the United College Athletes **** ociation, a 501(c)(5) labor union founded by former NCAA track athlete Andrew Cooper,which has been working to organize women's basketball specifically since 2024. While this is the first formal move toward unionization, the UCAA says it has more than 100 women's basketball players who have signed "unionization authorization cards."
The UCAA's advisory board includes current and former members of professional sports unions, including NWSLPA executive director Meghann Burke and WNBPA president Nneka Ogwumike, as well as former National Labor Relations Board executives.
"We deserve a seat at the table, meaningful protections, fair compensation, and a collective bargaining agreement that raises the standard for everyone," Maryland women's basketball player Oluchi Okananwa, the interim president of the UCAA, said in a statement. "This work is bigger than any one season or generation. We are building lasting power for the athletes competing today and those who will come after us."
The news comes just several days after a separate organization, the College Football Players **** ociation, launched an organizing effort among football players at Stanford. Unlike the UCAA's effort, however, Stanford football players aren't filing for formal union authorization just yet—they're waiting for a more favorable political climate.

#labor #former

Cricket Ireland says "appropriate" security plans have been drawn up for the forthcoming men's one-day series against Afghanistan amid the possibility of protests.
The governing body has been liaising with stakeholders, including the Police Service of Northern Ireland (PSNI), to ensure the five ODIs pass off without incident.
Cricket Ireland's decision to host the series has been criticised because of the plight of women in Afghanistan who face severe restrictions on their rights and freedoms, with widespread barriers to education, employment, movement, public participation and personal autonomy under Taliban rule.
The first two ODIs will be played in Bready next Wednesday and Friday, with the remaining three fixtures at Stormont on 10, 12 and 15 August.
"Appropriate security measures are in place, and all necessary arrangements have been made to ensure the safety and security of players, supporters, officials and staff," Cricket Ireland told BBC Sport in a statement.

#Cricket #odis

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BMW is looking to shed 8,000 jobs, becoming the latest German automaker to warn that plunging sales in China will hit employment at home.

#China

The ***** anese midfielder has reportedly handed in an official transfer request at the club, as he seeks pastures new and a totally fresh adventure in his footballing journey. Martin O'Neill has stated that he wouldn't stand in the player's way, should he want to find new employment elsewhere, intimating that the time has come for a parting of the ways.
Ange Postecoglou brought Reo Hatate to the club during that blockbuster transfer window of January 2022, when the ***** anese star was joined by two of his countrymen, in the form of the talismanic forward, Daizen Maeda, and Yosuke Idegucci – whose move never quite worked out in comparison to the two aforementioned ***** anese imports.
After an underwhelming spell at Celtic Park that has now lasted a while for Hatate, it seems that the time has arrived for both he and the Hoops to break off this love affair, after so many wonderful memories in the past four-years or so.
If and when he does leave, it has been claimed now that he won't be short of options.
The Herald's Stephen McGowan has reported that he is being closely monitored by English Championship club West Ham United, as well as clubs in France and even as far afield as the American MLS league.

#japanese #transfer #ange #january

Kanye West reached an unconditional settlement with his former **** istant Lauren Pisciotta on July 23, according to court documents obtained by PEOPLE
Pisciotta accused West of **** ual harassment and **** ault during her employment from 2021 to 2022, which he has denied
The settlement resolves the civil lawsuit; however, the terms of the agreement have not been disclosed
Kanye West has settled the **** ual **** ault lawsuit filed by his former personal **** istant, Lauren Pisciotta.
The rapper, 49, who legally changed his name to Ye in 2021, reached an unconditional settlement with Pisciotta, 37, on July 23, according to court documents obtained by PEOPLE. The filing, submitted to a Los Angeles court on Tuesday, July 28, states that Pisciotta will file a request to dismiss the case within 45 days of the settlement date.

#pisciotta #settlement #court #kanye

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When the Federal Reserve changes interest rates, the impact reaches far beyond Wall Street. Higher rates can help savers earn more on their cash, while lower rates can make mortgages, car loans, and credit cards more affordable. But because every rate move creates both winners and losers, there's no simple answer to whether high or low rates are best.
Understanding why the Fed raises and lowers rates — and how those decisions affect your money — can help you make smarter choices about saving and borrowing.
The Federal Reserve is mandated by Congress to promote stable prices and maximum employment within the U.S. economy. One of the tools it has at its disposal to achieve these goals is the federal funds rate.
During times of high inflation, for instance, the Fed will raise its federal funds rate, which is the rate banks charge each other for overnight loans to meet cash reserve requirements.

#loans

MADISON, Wis. (AP) — First responders searched damaged homes and buildings on Tuesday for possible victims of a powerful tornado that carved a path of destruction through several northeastern Wisconsin communities.
The twister touched down in the Fox Cities region, which includes Appleton, Menasha and Neenah, at around 1 p.m. Monday and remained on the ground for more than 20 minutes as it cut a roughly 12-mile path of destruction through an area, the National Weather Service reported. It was nearly a mile (1.6 kilometers) across at its widest, and it destroyed homes and businesses, flipped cars and knocked down rows of power lines in the region, which is roughly 100 miles (160 kilometers) northwest of Milwaukee.
The timing — it blew in when most people were awake and after warnings had been issued — could be why there have been no reported deaths, authorities said.
"I think what helped us was it was during the week," Menasha Police Chief Matt Albrecht said at a news conference Tuesday. "Everybody was at work. It was the middle of the day. Most people were not at home and at their place of employment."
Authorities said a number of people were injured and treated at hospitals, but they didn't know exactly how many or how seriously.

#authorities #homes #down #roughly

The U.S. dollar, euro and British pound enter a pivotal week as investors prepare for the Federal Reserve's July 29 to 30 meeting and the ECB's decision last week while new data comes through. Most **** ysts expect that the Fed will leave rates where they are, although the market will be watching out for clues from Chair Jerome Powell given that the latest US data has confirmed the strength of the economy.
June retail sales were up by 0.2% on the month, while the control group increased by 0.4%, and initial claims for unemployment benefits dropped to 208,000, a three-month low, underlining the strength of the consumer and the labour market. This week brings out the second-quarter GDP, the PCE inflation print for June and July non-farm payrolls which could alter thinking around the second half of the year.
The ECB decided to keep its deposit rate at 2.25% as it sees inflation edging toward its 2% target while remaining data-dependent. ECB President Christine Lagarde said growth remains weak, with members continuing to **** s the impact of the economic effect of trade and higher energy costs on the economic environment.
Sterling remains supported by expectations that the Bank of England will proceed cautiously after it kept Bank Rate at 3.75%, and it sees the UK policymakers juggle between curbing inflation and a steady wage-growth and a cooling labour market. UK mortgage approvals, consumer credit and business surveys are released this week as they provide evidence for the economy ahead of the next Bank of England meeting.
The U.S. Dollar Index is maintaining a healthy uptrend after bouncing off support in the 100.50 zone along the uptrend line. Currently, the index trades at 101.28, keeping the 50-day EMA (101.12) and 100-day EMA (101.01) beneath the index level. The RSI is sitting at 53.

#market #inflation #england

President Trump's campaign for lower interest rates in the U.S. faces another setback this week at the meeting of the Federal Open Market Committee (FOMC). Wall Street ***** ysts have generally come to the conclusion that the FOMC will hold rates steady, if not hike them—and Trump's own foreign policy is an underlying factor.

The FOMC, led by central bank chairman Kevin Warsh, will meet Tuesday and Wednesday of this week to discuss progress toward its targets of maximum employment and inflation at 2%.

It is the latter task that has caused the Fed some difficulty over the past few years. At the time of writing, inflation stands at 3.5%—a drop from May to June, but still elevated compared with the start of the year and the Fed's target.
Part of that reading has come from higher fuel prices, up 15.7% from a year ago. While pressure in this category is beginning to fade (down 4.9% May to June), prices remain elevated as a result of conflict in the Middle East, choking global oil supply as a result.
There is little sign of a resolution between Washington and Tehran in sight. While the two sides are not currently engaged in active military conflict, as they have been over the past fortnight, no official ceasefire has been announced. While the fragile pause of fire allows ***** e for diplomacy to proceed, neither side has indicated they will capitulate over control of the Strait of Hormuz—the key shipping lane in the movement of oil around the planet.
Trump's foreign policy is therefore standing in the way of Warsh's path to a cut—Wall Street ***** ysts highlighted at the start of the week.
Bank of America's base case is for a hold this month, wrote chief U.S. economist Aditya Bhave and his team: "With markets now pricing nearly 10 [basis points] of hikes in July, Chair Warsh faces a difficult choice. Not hiking could challenge the Fed's credibility on inflation. But raising rates would go against his framework of looking through supply shocks.

#bank

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There has long been an elephant in the Federal Open Market Committee's room as it tries to accomplish its mission of promoting maximum employment and stable prices. It's just much, much bigger now, and it's hard to ignore a $2 trillion elephant.
That's roughly how much the US government is issuing in new Treasury bills and bonds each year as the country's budget deficit swells. Its massive spending problem isn't new: The US has run a deficit for more than two decades, helped along by the 2008 financial crisis and the COVID-19 pandemic. But the economy is looking relatively healthy now, with inflation down from its decades-high record in 2022, shrinking to 3.5% in June. Weekly jobless claims just dropped to their lowest level since 1969. And yet the government is still issuing increasing amounts of debt. Economists say it's unsustainable.
Reducing the federal deficit may be Congress's job, but the central bank, led by Chair Kevin Warsh, has to contend with the economic effects of Treasury borrowing as it determines whether to hike, cut or hold interest rates steady. A committee that already is split on where interest rates should head will gather this week to decide what's next as a growing chorus of experts point to the problem the federal deficit poses.
Sign up for The Daily Upside at no cost for premium **** ysis on all your favorite stocks.

#much

As many Americans struggle to make ends meet, Federal Reserve Chair Kevin Warsh has pledged to bring inflation back to its 2% target, but it remains unclear exactly how he plans to get there as the central bank heads into its July meeting.
The Fed often finds itself at a crossroads, balancing its dual mandate of maximum employment and stable prices. It has two main tools it uses to address both – its balance sheet and the federal funds rate, a benchmark for interest rates. The Fed typically raises its target range for the rate to tame inflation and lowers it to stimulate the job market.
After three months of accelerating inflation, it slowed in June, though some forecasters expect it may tick back up amid renewed U.S.-Iran hostilities. And after three months of positive job growth, U.S. employer hiring fell in June — leaving the Fed to sort out whether these recent swings are just noise or the start of new trends.
The Fed may also be at a crossroads when it comes to delivering on Warsh's promise of price stability for U.S. consumers. Many Americans don't want higher interest rates on their credit cards and personal loans, but they also don't want prices to keep rising. Raising the Fed's benchmark interest rate could help cool inflation, but it would also make borrowing more expensive.
Dean Lyulkin, CEO of Cardiff, a small-business loan company, said Warsh's refusal to provide forward guidance has made the outcome of the July meeting difficult to predict.

#rate

The dollar index (DXY00) is up +0.37%. The dollar is finding support from strong US interest rate differentials, as the 10-year T-note yield rose by +5 bp and posted a new 1.5-year high amid today's surge in oil prices of more than +5%. The dollar is also seeing support from today's US unemployment claims report, which showed a slightly stronger US labor market than market expectations.
The dollar is also seeing safe-haven demand after the Iran-backed Houthis launched a missile and drone attack on two Saudi Arabian oil tankers in the Red Sea, expanding the oil disruptions beyond the Strait of Hormuz and threatening oil shipments in the Red Sea. The Houthis have vowed to blockade shipping linked to Saudi Arabia and warned shipowners against calling at the nation's ports. The move threatens Saudi oil exports from Yanbu, a Red Sea hub that the Saudi's are using to ship crude since the war brought shipping through the Strait of Hormuz to a near halt. President Trump said Tuesday that if there is a blockade in the Red Sea, the US "will take care of it." Meanwhile, the US and Iran exchanged attacks for the 12th straight day, and the US maintained its blockade of Iranian oil shipments in the Persian Gulf.
Dollar Eases on Euro and Yen Strength
Dollar Slightly Lower as the Yen Recovers
Why is the Dollar Index a Mirage?

#Iran

By Johan Ahlander
STOCKHOLM, July 23 (Reuters) - After championing huge policy shifts in Sweden by propping up a minority centre-right government for four years, the far-right Sweden Democrats say they have won the political arguments and now deserve a share of power for themselves.
But it is a demand that could prove a step too far for voters in an election in September, and potentially ‌bring down Prime Minister Ulf Kristersson. The prime minister, who once told a Holocaust survivor he would never cooperate with the Sweden Democrats, now says he has lifted those "red lines".
Sweden, the stalwart of European ‌socialism for generations, has undergone a startling rightward shift in policy and public opinion in recent years, especially over immigration in a country where one person in five was born abroad.
The number of asylum seekers last year was down 97% from the peak a decade ago. One of Europe's most welcoming immigration systems has become one of its most stringent: newcomers face employment restrictions, language and culture tests, and reduced welfare payouts. Immigrants who break the law can be swiftly expelled, and others are offered payments to leave voluntarily.

#Sweden #minister #johan

African countries must open up their power markets in order to court the private investors needed to supply the electricity that AI will demand, a data center executive told Semafor, as a new report warned the continent risks seeing little economic benefit from the technology.
Africa's economy is barely expanding on a per capita basis, and household living standards are stagnant across the continent. With the labor force projected to almost double by 2050, many African governments fear growing unemployment in the next few years. AI, as in other parts of the world, offers an opportunity to drive economic growth. But Africa only hosts about 160 data centers — around 5.5% of the global total — and aging grids in many African countries mean access to power, the key driver of AI infrastructure expansion, is limited.
In Africa, independent power producers typically sell electricity to state utilities under long‑term power purchase agreements. But private‑to‑private supply — in which a private generator sells directly to an industrial or commercial buyer using the grid, a practice that is commonplace across the West — remains rare on the continent.
In an interview, Robert Skjødt, CEO of Raxio, a data center company that operates in six African countries, said that in many nations, regulatory reform was needed to "allow a private supplier of electricity to supply to a private buyer" while using the grid.
The potential upside is significant: The International Monetary Fund, in a paper published on Tuesday, said AI could make sub-Saharan Africa's economy around 4% bigger over the next decade than its baseline projection — but that requires better ‌electricity supply, internet access, and digital skills. Policymakers and business leaders have long warned that Africa's power shortfall in particular, if left unaddressed, would starve energy-hungry data centers of the electricity needed to digitize economies.

#private #african #needed #many

When the season is on, his job as a safety is to stymie any opposing success in his secondary, and when given the chance, to hit people hard enough to separate the ball from their body. It's football and he's good at it, but it's a far cry from what Raider Damuni did this summer to prepare for his last blast at BYU.
"We just got back," the senior told the "Y's Guys" livestream show this week about a trip to Tonga with a few of his teammates and head coach Kalani Sitake. While there, in addition to staging a football camp and a fireside, they advanced the mission of BYU-Pathway Worldwide throughout the island nation.
"When we play, we represent not just the people in Provo and Utah, but we represent the church and our faith and our faith is worldwide," Damuni said. "So being able to have that impact on people with the platform that we have as football players at BYU, that is why we want to go out and reach out to people, not just in the United States, but worldwide."
In partnership with the We Are One Foundation, headed by former Cougars Isaiah Kaufusi and Connor Pay with BYU head coach Kalani Sitake as chair of the board, Tonga has a new employment center to ****** ist BYU-Pathway Worldwide graduates find work.
"I've seen it firsthand with my own family," Damuni said. "I've had family members who went through the BYU-Pathway program who didn't go to college out of high school, but they were able to do that and now they are thriving in their lives. They have jobs. I think that is the vision."

#tonga #kalani

By Daniel Wiessner
July 22 (Reuters) - A novel lawsuit claiming that Meta Platforms relied on discriminatory AI tools to select employees for layoffs highlights the problems workers face in suing employers over the new technology, including proving how it was actually used.
The case helps illustrate why a widely predicted wave of employment lawsuits over AI use has yet ‌to arrive. Legal experts say workers often have little understanding of how AI systems are used in the workplace and many have also signed away their right to sue in court, ‌agreeing instead to resolve workplace disputes through a private process called arbitration that can keep such claims from ever being tested publicly.
In a ruling last week declining to block Meta from finalizing the terminations of 26 people who sued, U.S. District Judge William Orrick identified a fundamental obstacle for plaintiffs who allege that AI discriminated against them: "they were not in the rooms where it happened."
That means workers like the Meta employees, who claim they were targeted for layoffs because they have disabilities or took medical or family leave, often cannot muster the evidence of wrongdoing necessary to quickly secure a win in court.

#meta #court

TSMC's $265B US manufacturing pledge and Alphabet's 9.6 GW data center leases represent the hyperscaler firepower driving Europe's 20x AI investment deficit.
AI-driven labor restructuring remains isolated to high-exposure occupations, with broader impact on healthcare, logistics, and finance not projected until 2029.
Act now: the ****** yst who called NVIDIA in 2010 just named his top 10 AI stocks — and Google didn't make the cut. Grab the names FREE today.
A recent Thoughts on the Market roundtable hosted by Seth Carpenter highlighted two major realities shaping the AI economy. Just seven U.S. hyperscalers plan to spend 20 times more on AI than all of Europe, while AI's broader impact on employment may not emerge until 2029 or later.
The episode discussed that Europe's total planned AI investment is "A factor of 20 below what we see in the US by just the 7 hyperscalers." That comparison shows that a small cluster of America's cloud and platform giants alone dwarfs what the entire European bloc is committing.

#broader #hyperscalers #grab

Chevron is cutting up to 9,000 jobs this year. That's a fifth of its global workforce, gone, while it digests the $53 billion Hess deal. ExxonMobil trimmed 2,000. BP shed more than 5 percent of its staff, plus 3,000 contractors. ConocoPhillips is cutting 20 to 25 percent. Imperial Oil is cutting a fifth of its people and shutting its Calgary office entirely. And in June, U.S. oil and gas extraction employment fell to 114,500 workers, the second-lowest June the Bureau of Labor Statistics has on record, beaten only by the pandemic bottom of 2021.
Production didn't fall; it's near record highs…but the jobs are disappearing anyway.
And before anyone ******* umes it's renewable energy's fault…it isn't, not directly, at least. ******* ody at Chevron got a pink slip because a wind farm opened next door. Automation, mergers, and a decade of investors who'd rather see returns than growth did this.
Ten Years, 72,800 Fewer Jobs
Back in January 2016, extraction employment topped out at 187,300, right before the price crash gutted the sector…

Chevron is cutting up to 9,000 jobs this year. That's a fifth of its global workforce, gone, while it digests the $53 billion Hess deal. ExxonMobil trimmed 2,000. BP shed more than 5 percent of its staff, plus 3,000 contractors. ConocoPhillips is cutting 20 to 25 percent. Imperial Oil is cutting a fifth of its people and shutting its Calgary office entirely. And in June, U.S. oil and gas extraction employment fell to 114,500 workers, the second-lowest June the Bureau of Labor Statistics has on record, beaten only by the pandemic bottom of 2021.
Production didn't fall; it's near record highs…but the jobs are disappearing anyway.
And before anyone ****** umes it's renewable energy's fault…it isn't, not directly, at least. ****** ody at Chevron got a pink slip because a wind farm opened next door. Automation, mergers, and a decade of investors who'd rather see returns than growth did this.
Ten Years, 72,800 Fewer Jobs
Back in January 2016, extraction employment topped out at 187,300, right before the price crash gutted the sector…

One prominent capital market firm is praising artificial intelligence as the launchpad for a new era of American entrepreneurship.
"Automation can reduce the labor intensity of certain tasks, but in an economy with unusually high entrepreneurial velocity, it can also broaden the range of viable enterprise," the July 4 note (1) from head of macro strategy Frank Flight at Citadel Securities said, describing it as "dynamism" that offsets the risk of losing employment due to AI.
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Geron Corporation (NASDAQ:GERN) is one of the 10 Fastest Growing Tech Penny Stocks to Buy.
On June 18, 2026, Geron Corporation (NASDAQ:GERN) reported that, effective June 17, 2026, it granted stock options to purchase an aggregate of 690,000 shares of common stock to eight newly hired employees. The grants were made as an inducement material to the employees' acceptance of employment with Geron.
The stock options have an exercise price of $1.23 per share, equal to the closing price of Geron's common stock on the grant date. The options have a ten-year term and vest over four years, with 12.5% of the shares underlying the options vesting on the six-month anniversary of the employee's employment commencement and the remaining shares vesting over the following 42 months in equal installments, subject to continued employment.
15 States with the Best Healthcare in the US
Earlier in June, Geron Corporation (NASDAQ:GERN) announced that members of its management team were scheduled to participate in a fireside chat at the Goldman Sachs 47th Annual Global Healthcare Conference.

China has set out a five-year strategy to overhaul its retail sector as part of broader efforts to strengthen domestic demand and generate employment.
Under the new guideline, authorities aim to build a modern retail system and develop several globally competitive retail enterprises by 2030.
The envisaged system is expected to combine quality goods, better services and greater use of intelligent, convenient technology.
State news agency Xinhua reported that physical shops are meant to double as ***** es for leisure, immersive experiences, entertainment and socialising, while online platforms are to evolve into standardised outlets for premium products.
The plan's core priorities include structuring the industry's overall layout, encouraging fresh supply and generating new consumer demand.

This article was originally published on ETFTrends.com.
First Half of 2026 Sees a Shift in Leadership
Despite conflict in the Middle East, sharp oil price swings, and resurging inflation concerns, equity markets posted positive returns in the first half of 2026 amid de-escalating geopolitical risk, strong corporate earnings led by the AI infrastructure buildout, and a still-resilient economy. The Nasdaq-100 Index and S&P 500 Index recovered sharply within the period, each rallying over 32% and 18%, respectively, since the March lows. Notably, US small-caps via the Russell 2000 Index saw their strongest first half since 1991, gaining over 22%. US mid-caps (+17.4%) and international developed equities (+15.1%) followed. Bonds mostly fared well as high yield credits rose 1.9%, municipal bonds gained 1.8%, and Treasury Inflation Protected Notes were up 1.2%. Aside from silver (-17.0%) and gold (-7.0%), commodities posted positive returns as crude oil surged 53.9% and broad-based commodities rose 14.4%.
Fed Holds, Warsh Signals Less Guidance
The Federal Reserve held the federal funds rate steady at the June FOMC meeting, keeping the target range at 3.50–3.75%. This marks the 4th consecutive hold in 2026 and was the first meeting chaired by Kevin Warsh, who succeeded Jerome Powell as Chair. While the decision to hold was widely expected, the accompanying communication shifted in a more hawkish direction. The policy statement was shortened to roughly 130 words from 341 in April, removed prior language signaling a bias toward future cuts, and emphasized that the Committee "will deliver price stability." Consistent with his prior skepticism of forward guidance, Chair Warsh also declined to submit his own projection in the dot plot. The economic backdrop offered little reason to ease, as May PCE rose 4.1% year-over-year, its highest reading since April 2023, while Nonfarm Payrolls remained firm at 172,000 and the unemployment rate held at 4.3%. The updated Summary of Economic Projections reflected the shift, with nine of eighteen officials now penciling in at least one 25 bps hike in 2026 and six projecting at least two, lifting the median year-end funds rate forecast to 3.8% from 3.4% in March and reversing the cut previously expected. Looking ahead, market pricing via the CME FedWatch Tool implies another hold at the July meeting, with the next move now priced as a hike rather than a cut.

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The biggest fear surrounding artificial intelligence is that it will replace workers. Amazon and Blue Origin founder Jeff Bezos thinks it could do the opposite.
Bezos pushed back against growing concerns over AI-driven job losses during a CNBC interview in June, arguing that many of the smartest voices warning about widespread unemployment are missing the bigger picture.
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Mars-owned snacks brand Nature's Bakery is to permanently close a manufacturing plant in the US state of Missouri.
In a local-government filing, Mars said production at the site in Hazelwood will be moved to other, unnamed facilities.
The business is expected to keep the Hazelwood plant running this year, with a full shutdown scheduled for September 2027.
The filing states 130 employees are expected to leave on 11 September, followed by a further 215 on 26 February 2027.
"All Nature's Bakery employees have been notified of the facility permanent closure and have been notified of their respective employment end dates. All ******* ociates can seek alternate employment within Nature's Bakery and the Mars family of companies," the notice read.

This article was originally published on ETFTrends.com.
AI may reshape the labor market in ways that are difficult to predict, and it won't be the first time this has happened. In the short term, the labor market appears to have stabilized and there are some early signs of acceleration. A stronger labor market may turn the Federal Reserve's attention back toward fighting high inflation, and bond markets have noticed. Much of the market's recent movement has been driven AI-related companies, creating a stark divide between AI and everything else. Agricultural exports. Divergent paths. ****** eX.
1. Change may happen faster this time around, but the U.S. economy has reinvented itself before and can do it again:
2. Job growth has strengthened in recent months after stalling for much of 2025:
3. Two leading indicators, temporary employment and manufacturing overtime hours, are moving in the right direction:

The Indiana Fever said they had no contact with a group of congresspeople who wrote a letter to the WNBA concerning the treatment of Caitlin Clark.
Three Indiana representatives were among the 11 to sign the letter, which included the possibility of Department of Justice investigations into the league if it doesn't "protect" Clark.
"Republicans have consistently led the charge on protecting women's sports, and this letter urges the WNBA to ensure female athletes are adequately protected and that the court remains a professional environment for its players," the letter said. "Members are making clear that if this violent targeting continues unchecked, the league could face a crackdown from the Department of Justice and the Equal Employment Opportunity Commission for violations of federal civil rights law."
"Our organization nor Caitlin have had any interaction in this congressional group and we were unaware of their letter," the Fever's statement said.
Clark was on the floor battling for a loose ball on June 24 when Alyssa Thomas of the Phoenix Mercury placed her fist on Clark's throat. No call was made during the play, but the league later suspended Thomas for one game.