This data shows the Great Reopening may have stalled
The latest US jobs report is expected to show that America’s labor market continued to bounce back in June as businesses reopened and employees returned to work. But the data won’t reflect cracks in the recovery that have emerged in recent days as the Covid-19 outlook deteriorates. Goldman Sachs estimates that over half of the…… MORE
UK court blocks Maduro’s bid to access $1 billion in Venezuelan gold
Venezuela’s embattled ruler Nicolás Maduro has been denied access to roughly $1 billion in gold reserves held by the Bank of England after a UK court ruled that the British government has recognized Juan Guaidó as president. Venezuela’s central bank, which is still controlled by Maduro’s government, had sued the Bank of England, seeking access…… MORE
Jeff Bezos is richer than ever
The economy might be a shambles, but Jeff Bezos’ wallet couldn’t tell. He’s now worth nearly $172 billion, a new record for the world’s richest person, according to Bloomberg Billionaire Index. Bezos this week surpassed previous his previous wealth record that he reached prior to his divorce from his ex-wife MacKenzie. Last year, the couple…… MORE
America’s job market is starting to recover. But don’t hold your breath
Economists expect another month of record job growth in America as the economy is getting on its long path to recovery from the pandemic lockdown. Yet the jobs crisis is far from over. Experts polled by Refinitiv predict that three million jobs were added in June, a new record high following May’s addition of 2.5…… MORE
Warning: The world won’t hit climate goals unless energy innovation is rapidly accelerated
Solar and wind power are booming. Electric vehicles are so promising that Tesla is now worth more than ExxonMobil. Coal is collapsing. And yet energy watchdogs are warning that not nearly enough is being done to fight the climate crisis. The International Energy Agency sounded the alarm Thursday about the “critical need” to rapidly accelerate…… MORE
Court sides with publisher of tell-all book by Trump’s niece
A version of this article first appeared in the “Reliable Sources” newsletter. You can sign up for free right here. Bad news for President Trump and his younger brother, Robert Trump, who has been trying to block an unflattering tell all book by the President’s niece, Mary Trump, that Simon & Schuster is set to…… MORE
Ending poverty in 2020 was going to be Xi’s crowning achievement. Coronavirus might have ruined it
This was supposed to be the year that Beijing would announce it had ended absolute poverty in China, fulfilling a key pledge of President Xi Jinping and one of the founding missions of the Chinese Communist Party. Then the novel coronavirus pandemic tore through the global economy. China shut down factories in January and February…… MORE
Nordstrom oversold its stock of the new Nike Dunks and customers are outraged
Nordstrom was one of a few select retailers selling the latest model of Nike Dunks athletic shoes, but some sneaker enthusiasts came up empty-handed after the luxury department store chain oversold its stock. The Nike Dunk Low “University Red” was released on the Nordstrom website at 10 am ET on Wednesday. The red and white…… MORE
School bus drivers excited, scared as school year approaches
School bus drivers are about to begin a school year unlike any they’ve ever experienced. Schools have been shut down for months, and as coronavirus cases slow in some states and surge wildly in others, districts are debating whether on-time reopenings come fall are even possible. And if in-person classes do resume, what role will…… MORE
John Bolton’s memoir has sold a staggering 780,000 copies in its first week on sale
John Bolton’s book “The Room Where It Happened” is the best-selling Trump tell-all in two years, according to week one sales figures. Simon & Schuster, the book’s publisher, said Wednesday that it has sold more than 780,000 copies so far. The total included print copies, ebooks, audiobooks plus “orders from consumers that are as yet…… MORE
