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Economy
Wall Street flutters, doesn’t fall as Iran conflict resumes
Barrels of Brent crude oil are a few dollars more after conflict resumed in the Middle East, but investors are more focused on artificial intelligence.
Maricopa County lieutenant demands backpay for overtime
The Arizona county says officers in administrative roles like lieutenant are exempt from overtime under the Fair Labor Standards Act because their main duty is not law enforcement.
Uber drivers claim personal data used to manipulate fares
Lead plaintiff Edwin Carranza says Uber unlawfully collects drivers’ personal data, including biometric data and continuous geolocation information, and uses it to manipulate driver-facing prices.
US home prices hit an all-time high as sales slow and mortgage rates rise
The U.S. housing market has been in a slump since 2022, when mortgage rates began to climb from pandemic-era lows.
Fed minutes: Officials deeply divided over future path of US inflation
A key concern for many Fed officials is the potential for the AI buildout to contribute to higher inflation.
California out on political, religious speech at work meetings gets look at Ninth Circuit
The state appealed a preliminary injunction that's put a 2024 law on hold.
Dallas College faces Title VII claim
DALLAS — A federal court in Texas partially granted summary judgment to Dallas College on claims brought by a former biology professor who says she was forced to resign for representing fellow faculty members in discrimination grievances. The court dismissed the professor’s breach of contract claim, but allowed her Title VII retaliation to proceed because genuine factual disputes exist concerning whether an error in the community college’s new scheduling system was the true reason she lost her adjunct teaching assignments.
Fears new pan-European company status threatens workers' rights
The EU has repeatedly insisted the new rules would not corrode national labor and tax laws. Not everyone is reassured.
Wall Street squeezes out minor gains on so-so jobs data
Investors hope the labor pool is strong enough to keep the economy going but not too hot as to cause the Federal Reserve to raise interest rates.
Iran warns oil tankers to use approved routes in Strait of Hormuz or face a 'forceful response'
The U.S. and many Gulf Arab states say they won’t agree to Iran charging for passage through the strait.
Merz unveils sweeping reform push for Germany: Tax cuts, pension overhaul and new sick leave rules
Chancellor Friedrich Merz had repeatedly complained that the rate of sick leave is too high in Germany, harming productivity.