American multinational shipping and supply chain leader
The USPS is moving to allow concealable firearms to be mailed domestically under safeguards similar to rifles and shotguns. Democratic attorneys general in about two dozen states are opposing the plan, arguing it undermines state gun laws and enables access for people not legally permitted to possess firearms.
The Trump administration has relaunched its tariff agenda under Section 301 and Section 122, targeting 60 economies including the EU and allies. Courts are weighing legal challenges as refunds of billions in tariffs previously deemed illegal are being processed. The debate centers on leverage in trade negotiations and the pace of reliquidation.
The Bureau of Labor Statistics has reported that U.S. consumer prices rose 4.2% in the 12 months through May, the fastest annual pace since April 2023, driven largely by a surge in energy and gasoline costs. Core inflation has remained cooler at 2.9%, while producers’ prices and oil-driven wholesale gains have also accelerated ahead of the Federal Reserve’s June meeting.
POLITICO, Independent, Business Insider UK and others report on RAISE US, a bipartisan nonprofit led by Gina Raimondo and Eric Holcomb. The group mobilizes $500m+ from tech firms to fund workforce programs, pilots in Arkansas, Maryland, Utah and Connecticut, and policy work to shield workers from AI disruption.
The government has released June employment data showing payrolls rising by 57,000, far below forecasts, while the unemployment rate edges down to 4.2%. The labor force participation rate has fallen, highlighting a shift in the job market as fewer people are seeking work. Revisions to May and April data point to a softer hiring pace than previously thought.
The National Transportation Safety Board has released a preliminary report on the June 14 skydiving crash near Butler Memorial Airport. Investigators say there were no pre-crash mechanical malfunctions or engine failures and the aircraft met weight and balance limits. GoPro footage is being reviewed as part of the ongoing investigation.
Independent coverage shows Costco will close on July 4, with other retailers and services adapting hours. Walmart, Target and Kroger are expected to operate with regular or varied hours, while Trader Joe’s and Aldi implement shorter hours. Stock exchanges and postal services follow holiday schedules in early July 2026.
A wave of earnings reports from major tech and consumer companies shows mixed results but outlooks point to continued momentum in AI, autos and logistics. Qualcomm, UPS, IBM, Intel and UnitedHealth report varying results, with some guiding higher, others facing cost pressures, and others expanding into automotive and AI workloads.
The FAA has determined that Boeing’s final safety checks demonstrate sufficient airworthiness for 737 Max and 787 Dreamliner aircraft. Regulators will continue factory oversight to identify defects earlier in production, while the pace of 737 Max production limits is being restored.
Oil prices have risen after regional conflict has intensified, pushing up fuel costs and consumer prices. Analysts say the spike is likely to pass through to groceries and other goods as supply chains adapt. Gas prices have climbed, with motorists paying more at the pump, while some refiners face damage that could sustain price pressure.