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- US Job Market Makes Slower but Steady Gains, June Employment Data Shows
Employers added fewer jobs in June than a month earlier but the unemployment rate ticked down, a decent showing for the U.S. economy. [TheTopNews] Read More.20 mins ago - As U.S. Faces Extreme Heat, Data Centers Are Ordered to Use Backup Power to Prev...As triple-digit heat engulfs much of the United States, the Trump administration wants grid managers to require the use of backup power that often goes unused. [TheTopNews] Read More.59 mins ago
- Goldman Sachs to contribute $1,000 to Trump Accounts for eligible children of em...
Goldman Sachs on Thursday announced that it will make a matching contribution to Trump Accounts for eligible children of the firm's employees.The company will make a one-time matching contribution of $1,000 to employees with children born between 2025 and 2028 upon the time of enrollment in Trump Accounts, matching the $1,000 federal seed contribution."Starting early and staying invested for the long term is one of the most reliable ways American families build lasting financial security," said Goldman Sachs CEO David Solomon."We have long been committed to the importance of savings and investment as a pathway to a more resilient financial future, and we're proud to continue our support of this partnership and invest in the future of America," Solomon added.WHITE HOUSE UNVEILS TRUMP ACCOUNTS MOBILE APP AHEAD OF JULY 4 ROLLOUTThe company said in a statement that it views the public-private initiative as a way to "instill the fundamental economic principles of savings and investing in America's next generation."With the matching contribution, Goldman Sachs joins the ranks of U.S. companies that have opted to participate in the Trump Accounts program.HOW TO KNOW IF YOUR CHILD QUALIFIES FOR A TRUMP ACCOUNT: ‘A FINANCIAL STAKE IN THE FUTURE’Financial firms including Citi, JPMorgan Chase, Bank of America and Vanguard have all announced that they will make contributions to the Trump Accounts of their employees' children that at least match the $1,000 federal contribution for children born between 2025 and 2028. Michael and Susan Dell also announced the donation of $6.25 billion to seed 25 million accounts belonging to children 10 and under with $250 each, providing a boost that includes some children who wouldn't have been eligible for the federal seed money. [TheTopNews] Read More.1 hour ago - U.S. Law Enforcement Expands Crackdown on Commercial Vehicle Violators
Law enforcement agencies across the United States are expanding enforcement efforts aimed at commercial vehicle violators, signaling a renewed focus on improving highway safety and ensuring compliance with federal and state transportation regulations. The increased crackdown involves coordinated operations among federal, state, and local agencies that target unsafe drivers, noncompliant motor carriers, and commercial vehicles operating in violation of safety standards. As enforcement activity grows, trucking companies and professional drivers are being encouraged to strengthen compliance programs and prioritize vehicle safety to avoid costly penalties and operational disruptions. According to the FreightWaves report, the expanded enforcement campaign reflects growing concerns over safety violations involving commercial vehicles. Authorities are increasing roadside inspections, compliance reviews, and targeted enforcement operations to identify carriers and drivers who fail to meet regulatory requirements. Inspectors are paying closer attention to critical safety issues such as hours-of-service compliance, vehicle maintenance, driver qualifications, cargo securement, and impaired or distracted driving. One major objective of the initiative is removing unsafe commercial vehicles and drivers from public roads before accidents occur. During inspections, officers evaluate brake systems, tires, steering components, lighting equipment, and other mechanical systems that directly affect vehicle safety. Drivers found operating vehicles with serious defects or violating federal safety regulations may be placed out of service until deficiencies are corrected. These measures are intended to reduce crash risks while reinforcing the importance of preventive maintenance and regulatory compliance. Enforcement agencies are also expanding the use of technology to improve oversight. Electronic logging devices (ELDs), weigh-in-motion systems, automated license plate readers, and digital inspection tools allow investigators to identify potential violations more efficiently. Data collected through these technologies helps agencies focus enforcement resources on high-risk carriers and repeat offenders while streamlining inspection processes for compliant operators. The trucking industry is experiencing heightened regulatory scrutiny as safety agencies continue responding to crash statistics involving large commercial vehicles. In addition to roadside inspections, investigators are conducting audits of carrier safety records, maintenance programs, and driver qualification files. Companies with repeated violations may face civil penalties, increased compliance monitoring, or other enforcement actions designed to improve operational safety. Industry organizations generally support efforts to remove unsafe operators from the road while emphasizing the importance of consistent and fair enforcement. Many carriers have invested heavily in driver training, safety management systems, telematics, onboard cameras, and preventive maintenance programs to improve compliance and reduce violations. Safety technologies such as collision mitigation systems… [TheTopNews] Read More.1 hour ago - What Private Credit Is, and Why Investors Are So Worried About ItSome say the industry expanded too quickly and extended loans to companies that won’t be able to pay them back. [TheTopNews] Read More.1 hour ago
- Private Credit Can’t Stop the ‘Freak Out’On Thursday, Blue Owl reported another quarter of double-digit investor withdrawal requests from some of its private credit funds. [TheTopNews] Read More.1 hour ago
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