Economy
Wall Street tumbles as oil tops $100 and Tesla, Alphabet drag the market down
The S&P 500 sheds 1%, the Dow gives up 516 points and the Nasdaq falls 1.8% by mid-morning, pressured by the Middle East escalation.
Latest by Mardelis Jusino
Business
Tesla posts lower profit despite record vehicle sales in second quarter
Higher operating costs offset record vehicle deliveries, pushing Tesla’s second-quarter profit down 5%.
Government
Labor Department Pushes Back ‘Desempleo Digital’ Launch to September
Employers get extra breathing room to close out second-quarter filings before Puerto Rico’s new unemployment platform goes live.
Economy
Wall Street Closes Lower for the Week as Tech Selloff and US-Iran Tensions Weigh on Markets
The Nasdaq led losses as chip and tech-services stocks slidand IBM posted its worst trading day in decades,
Federal Affairs
Puerto Rico Mayors Take Their Case to Washington, With Billions in Recovery Funds Still Stuck
A dozen mayors press Congress and federal agencies this week, with roughly $24 billion in disaster recovery funds still undisbursed.
Federal Affairs
Puerto Rico Lowers Flags to Half-Mast After Death of Sen. Lindsey Graham
Gov. González-Colón follows President Trump’s national order, citing Graham’s role in disaster recovery and national security matters affecting the island.