U.S. labor market shows steady but slower gains amid heat crisis and trade uncertainty, while Tesla surges and private credit faces investor exodus.

U.S. employers added fewer jobs than expected in June, though the unemployment rate ticked down to 4.2%, suggesting a cooling labor market that may ease pressure on the Federal Reserve to raise interest rates further.

Tesla's European sales recovered significantly with a 25% surge in the second quarter due to price cuts, though the company's stock is sinking despite shipping 480,126 EVs—far exceeding analyst projections—raising questions about market expectations.

Private credit industry faces mounting investor concerns as Blue Owl reported significant withdrawal requests, with analysts warning the sector expanded too quickly and extended risky loans to companies unable to repay them.

The Trump administration ordered data center operators to use backup power during extreme heat conditions across the U.S., as triple-digit temperatures strain the electrical grid and threaten blackouts.

The $2 trillion USMCA North American trade deal faces uncertainty as the Trump administration declined to extend the July 1 deadline, instead pursuing further negotiations for improvements.

Microsoft launched its own AI deployment company with a $2.5 billion commitment, signaling major tech firms' push to capture the growing artificial intelligence market.

Pakistan's State Bank forex reserves increased by $611 million to $16.5 billion, boosted by multilateral inflows including IMF assistance, supporting currency stability in the developing economy.

Meta is implementing subscription fees for advanced smart glasses features, marking a shift toward recurring revenue models for consumer hardware after hardware purchase.

Gulf stock markets declined as U.S.-Iran negotiations show limited progress, reflecting geopolitical concerns affecting investor sentiment in the region.

India's Nayara Energy gasoline has been sold to Russia through traders, highlighting how Indian refiners are adapting to global supply disruptions and sanctions-driven energy shortages.