Economic News
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Egg producers will pay $3.3M and donate 53 million eggs to settle price-fixing claims
The U.S. Justice Department and 17 states have reached settlement agreements with three major egg producers over allegations of that the companies illegally colluded in a multiyear scheme to raises prices
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Canada advances Alberta pipeline to Pacific Coast to expand oil exports beyond the US
Canada moved to advance a Pacific Coast pipeline from Alberta as Prime Minister Mark Carney seeks to diversify oil exports beyond the United States while easing separatist tensions and preserving environmental protections on British Columbia’s northern coast
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Carney and Marcos deepen Canada-Philippines ties as Ottawa looks beyond US trade
Canadian Prime Minister Mark Carney welcomed Philippine President Ferdinand Marcos Jr. to Canada for the first visit by a Philippine leader in more than a decade as the two countries deepen economic and security ties
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The Dow hits a record as most of Wall Street rises, but slumping AI stocks keep indexes mixed
Most U.S. stocks rose, and the Dow Jones Industrial Average set another record, but more drops for chip stocks and other AI winners kept indexes mixed
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US employers still reluctant to add many jobs as hiring slows in June
U.S. employers pulled back on hiring last month and added only 57,000 jobs, less than half the previous month’s total and a sign companies still have a cautious economic outlook
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Average 30-year US mortgage rate falls to 6.43%, its lowest level in seven weeks
The average long-term U.S. mortgage rate fell this week to its lowest level since mid-May, easing borrowing costs for prospective homebuyers
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Top FBI agent in Chicago abruptly leaving post after being pushed to retire, AP sources say
The head of the FBI’s Chicago field office is abruptly leaving his position
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Merz unveils sweeping reform push for Germany: Tax cuts, pension overhaul and new sick leave rules
German Chancellor Friedrich Merz and his coalition partners have introduced a reform package to revive Germany’s sluggish economy
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U.S. filings for jobless aid fall to 215,000 as layoffs remain at historically healthy levels
U.S. applications for jobless aid inched down last week as layoffs remain at historically healthy levels
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U.S. filings for jobless aid fell to 215,000 last week as layoffs remain at historically healthy levels
U.S. filings for jobless aid fell to 215,000 last week as layoffs remain at historically healthy levels
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