Seven former officials of the Equal Employment Opportunities Commission have challenged the legality of the Acting Chair’s unprecedented anti-DEI targeting of 20 firms.
Stellantis NV was downgraded to two steps away from junk by Fitch Ratings, becoming the first major automaker to experience a ratings hit in the wake of President Donald Trump’s sweeping tariffs announcement.
There’s a good chance that markets will see more turbulence ahead similar to what happened on Thursday and Friday, former Treasury Secretary Lawrence Summers wrote in a post on X Sunday.
South Africa’s rand weakened as politicians from the coalition government’s two biggest parties continued talks aimed at resolving a dispute over the national budget.
US hiring likely remained healthy last month and the unemployment rate held steady at a historically low level, pointing to a stable labor market ahead of an expected tariff-induced economic slowdown later this year.