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Already facing troop withdrawals from Afghanistan and a fragile ceasefire in Israel, President Biden fanned more foreign-policy flames over the weekend. |
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Biden orders airstrikes on Iranian-backed militia President Joe Biden piled more onto his already-full foreign policy plate over the weekend, ordering airstrikes on Iranian-backed militia groups in Iraq and Syria. The moves come at a time when the U.S. is involved in other sensitive operations in Afghanistan and Israel. The U.S. airstrikes are in response to an increasing number of drone attacks on American personnel and assets in the region. The bombings targeted weapons facilities that have been used to launch drone strikes on housing facilities and CIA and Special Ops units. SEE THE BIDEN ADMINISTRATION'S REASON FOR THE ACTION
Biden backpedals on bipartisan infrastructure pact "We have a deal": Those words are coming back to haunt President Biden after his proclamation of a bipartisan infrastructure bill is in jeopardy. Members of both parties aren't happy about the terms of agreement and threaten to pull the plug on the $1.2 trillion plan. At issue is the two-part plan -- the first featuring all the hard infrastructure spending the GOP wants, the second one with human infrastructure funding for things like child care and climate change that Democrats demand. Biden is caught in the middle and walking back his claims that the bills are linked and must pass together. CAN BIDEN KEEP BOTH SIDES HAPPY ON A TWO-PART DEAL?
Investors keeping an eye on June unemployment numbers With the economy sending mixed signals about the recovery, investors are keeping a close eye on the Unemployment Rate. The numbers for June are due out Friday with a forecast of a 5.7% rate, which would be only slightly down from May's 5.8%. Fears of the figure becoming stagnant threaten a full recovery from the pandemic. “The very quick job gains of the early recovery essentially involved going back to your old job,†Federal Reserve chairman Jerome Powell said last week. “Now it’s actually finding new jobs and that’s a matching function that is more labor intensive and time consuming.†SEE HOW THE LATEST JOBLESS CLAIMS SHOW A SLOWDOWN
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Markets
| DJIA | 34,433.84 | 0.69% |
| S&P 500 | 4,280.70 | 0.33% |
| Nasdaq Composite | 14,360.39 | -0.06% |
| Japan: Nikkei 225 | 29,046.48 | -0.07% |
| UK: FTSE 100 | 7,136.07 | 0.37% |
| Crude Oil Futures | 74.02 | -0.04% |
| Gold Futures | 1,779.30 | 0.08% |
| Yen | 110.65 | -0.13% |
| Euro | 1.19 | -0.10% | | * As of market close |
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Search for survivors, clues continues
The search for survivors in last week's collapse of a 12-story condo in Surfside, Fla., continued at an agonizingly slow pace over the weekend as at least nine have been found dead beneath the rubble and over 150 others are still missing. The search for answers is proving equally elusive. While rescue workers combed through piles of debris, building officials were scouring through inspection reports and tenant complaints in hopes of identifying the cause of the collapse. Adding to the community's fears is a report that a sister building one block away -- built in the 1980s by the same company with the same materials -- is being evacuated and studied. FIND OUT WHAT INVESTIGATORS SUSPECT AS THE MAIN CAUSE
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Volkswagon going all-electric in Europe
An April Fool's prank claiming that Volkwagon was changing its name to "Voltswagon" to reflect its commitment to electric vehicles turned out to be false, but the German automaker certainly seems to be living up to the name. Volkswagon announced it is doing away with cars with combustion engines in Europe starting sometime between 2033 and 2035. Volkswagon is the latest European automaker to recently announce major transitions to EVs. The moves come as the EU prepares to roll out tougher CO2 emissions limits and regulatory proposals next month in an effort to force carmakers to produce more fleets of less polluting EVs. SEE WHICH EUROPEAN AUTOMAKERS ARE GOING ALL-ELECTRIC
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A healthy tip after an unhealthy meal
Sometimes the biggest gifts come at the unlikeliest of place, like customer the Stumble Inn & Grill in New Hampshire. Not known for its upscale cuisine or clientele, the low-key lounge caters to at least one big tipper. After enjoying an unassuming meal of two hot dogs, a Coke, pickle chips, slaw, and a shot of tequila, the unidentified customer paid his $37 tab and added an eye-catching tip of $16,000. No, the shot hadn't gone to his head, jokingly saying "Don't spend it all in one place" on his way out the door. The bar staff waited two weeks to make sure the tip was legit before they split it. FIND OUT WHAT THE BAR STAFF DID TO THANK THE BIG TIPPER
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Lucky table
The biggest tip on record of $3 million came at Sal's Pizzeria in Yonkers, N.Y., but it wasn't in cash. What did the server receive in lieu of a tip? Friday's answer: The first electric car was developed by William Morrison of Des Moines, Iowa, in 1890. The EV reached a max speed of 14 mph. SEND YOUR ANSWER HERE TO SHOW OFF YOUR KNOWLEDGE
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