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Jocelyn Benson wins Michigan Democratic gubernatorial primary, CBS News projects

Michigan Secretary of State Jocelyn Benson is projected to be the winner of Tuesday’s Democratic gubernatorial primary race, according to CBS News. As of 9 p.m., unofficial results show that Benson was winning with 211,877 votes over Genesee County Sheriff Chris Swanson‘s 38,439 votes. At that time, 17% of the votes had been counted. Benson would go head-to-head…

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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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“Peanut butter” pay raises are out, as employers shift to merit-based hikes

More companies are moving away from broad “peanut butter”-style pay raises for workers in favor of merit-based and other kinds of compensation sweeteners for top employees, according to new insights from Payscale. The trend toward rewarding strong individual performers within a business marks a shift away from companies spreading pay hikes evenly across their workforces. Just…

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SBP caps bank charges on digital sales of petroleum products to minimise burden on fuel stations – Business

ISLAMABAD: Following demands from petroleum dealers, the State Bank of Pakistan (SBP) has capped bank charges on sales of petroleum products through digital payment methods — including debit and credit cards and online transfers — to minimise the financial burden on fuel stations and promote digital inclusion. Under the decision, merchant discount rates (MDR) for…

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JPMorgan Chase to invest $750 billion in increasing the U.S. housing supply and homeownership

JPMorgan Chase said on Monday it will invest $750 billion through 2035 to boost the U.S. housing supply, including financing for 1 million affordable housing units and assisting 500,000 people in buying homes.  The investment is part of JPMorgan Chase’s American Dream Initiative, announced in March to boost economic mobility at a time when many…

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Iran denies Trump’s claim that U.S.-Iran negotiations to begin today after U.S. strikes called off

  15m ago Iran’s foreign minister holds second round of calls with Saudi, Pakistani leaders in 24 hours Iran’s foreign minister Abbas Araghchi has held a second round of phone calls with Saudi and Pakistani leaders in 24 hours, according to Iran’s foreign ministry. Araghchi spoke to his Saudi counterpart, Prince Faisal bin Farhan, and…

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