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Unions, others ask judge to block Trump administration's USDA overhaul

By Daniel WiessnerA group of unions, nonprofits and U.S. municipalities has asked a federal judge to block the U.S. Department of Agriculture's planned reorganization, including the relocation of more than 2,500 employees based in the District of Columbia.The coalition of plaintiffs said in a filin…

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Economy
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ENERGY WATCH: False sense of security

By Ron BoussoBreaking down what matters today in global energy marketsBy Ron Bousso, ROI Energy ColumnistAn eerie calm has settled in the energy markets as traders assess the uncertainty surrounding ship traffic through the Strait of Hormuz. Following months of extreme scarcity during the conflict…

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Futures
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Heat dome poses woes for largest US power grid beyond data center boom

By Tim McLaughlinLargest U.S. power grid PJM on Thursday braced for record-setting consumption spurred by a heat dome and the boom in data centers by re-routing massive traffic jams on power lines and dispatching costly fossil fuel plants to avert outages.PJM expected sweltering heat approaching 10…

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EconomyFutures

Soft rock: A payrolls deep dive

SOFT ROCK: A PAYROLLS DEEP DIVEThe June employment report managed to be weaker than expected, but also reassuring.The U.S. economy added 57,000 jobs last month, (USNFAR=ECI), or 48.2% shy of consensus.Adding insult to injury, the number marks a 55.8% slowdown from May, which was revised sharply dow…

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Economy

Germany to buy at least four warships from TKMS, document shows

The German government plans to purchase four Meko A-200 warships from Thyssenkrupp's marine unit XETR:TKA TKMS for around €6.63 billion, according to a draft finance ministry document seen by Reuters on Thursday.The deal also includes an option for up to four more for around €5.3 billion, says the…

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StocksDE
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Kuwait sharply boosts crude production in June after US-Iran deal, source says

Kuwait's crude oil production rose sharply to 1.65 million barrels per day in June, a source familiar with the matter told Reuters on Thursday, as the OPEC member boosts exports through the Gulf following the U.S.-Iran interim peace agreement.Daily production rose to as high as 1.9 million bpd in t…

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Futures
reuters

Trial for Bundibugyo Ebola treatment starts in DRC, WHO says

By Mariam Sunny and Jennifer RigbyA treatment trial for the Bundibugyo Ebola outbreak in the Democratic Republic of Congo enrolled its first patient on Thursday, marking a milestone in efforts to combat the epidemic, WHO chief Dr. Tedros Adhanom Ghebreyesus told reporters.Tedros, however, cited an…

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