>>Trading Week Winding Down 

(New York, NY)  --  The bell rings this morning after stocks saw a higher close yesterday.  Unemployment numbers came in lower than expected and the final report of second quarter GDP came in unrevised at three-percent.  At the closing bell, the Dow Jones Industrial Average gained 260 points to 42-175.  The S&P 500 rose 23 points to 57-45.  The Nasdaq jumped 108 points to 18-190.

 

>>Port Workers To Strike Next Week From East To Gulf Coast

(New York, NY)  --  Workers at ports from Maine to Texas are set to strike in what could be the most disruptive walk-out to the U.S. economy in decades. It could stop the flow of fruit, household goods, clothing, toys, cars and just about anything you can imagine.  The International Longshoremen's Association says they'll walk out in a matter of days unless there's a new contract.  The White House says it will not invoke its legal powers to intervene.  JP Morgan says the cost to the country if a strike happens will be roughly five-billion-dollars a day. 

 

>>Negotiations Set To Resume In Boeing Strike

(Seattle, WA)  -- Negotiations are set to resume today in the strike against Boeing by machinists.  Members of the International Association of Machinists and Aerospace Workers walked off the job two weeks ago after rejecting a deal that union leaders thought they'd approve.  Boeing made it's best and final offer this week, which includes raises of 30 percent over four years.  Union members want 40 percent and a pension.  Both sides will sit down at the bargaining table with federal mediators as they try to reach agreement on a new contract to end the strike.

 

>>Uber, DoorDash Win In NY

(San Francisco, CA)  --  A federal court is ruling in favor of food delivery companies like Uber and DoorDash.  Earlier this week, a judge ruled that a New York law requiring delivery companies to share customer data with restaurants violates the First Amendment.  New York enacted the law in 2021 to help restaurants recover from the COVID-19 pandemic.

 

>>PayPal Allows US Merchants To Buy, Hold, And Sell Crypto

(San Jose, CA)  --  PayPal announced this week that it will allow merchants in the U.S. to buy, sell, and hold cryptocurrency.  Merchants can also transfer cryptocurrency to third-party eligible wallets directly from their business account.  The service is initially available in all states except New York.