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Pandemic-era inflation left millions of workers with a lasting pay cut. Now it’s happening again.

American workers’ wages are once again failing to keep up with inflation — a painful financial déjà vu of the pandemic years.  The repeat situation may feel even more acute given that many workers are still catching up from the 2021-2022 inflationary bout, when companies gave workers only moderate pay raises that fell short of four-decade-high price…

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Dow soars 1,000 points on strong corporate earnings and hopes of Iran deal

The U.S. stock market approached record highs on Tuesday after Treasury Secretary Scott Bessent said a deal to reopen the Strait of Hormuz could be reached within days. Investors were also cheered by strong corporate profits, with companies ranging from equipment maker Caterpillar to software company Palantir Technologies reporting second-quarter results that exceeded analysts’ expectations. …

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More people booked into ICE detention in June than in any month since crackdown began

More than 43,000 people were booked into immigration detention in June, the highest monthly total since President Trump returned to office, newly released Immigration and Customs Enforcement data shows.  The uptick follows increased pressure from the White House on ICE to increase arrests, with agents being instructed to target 2,000 arrests per day, sources inside…

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