President Biden is asking Congress to approve a three-month federal gas tax holiday; Fed chair Jerome Powell to testify at the Senate; Justice Department, Meta reach settlement over algorithmic discrimination in housing ads

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Stocks rise; existing home sales fall 3.4 percent; Kellogg Company to split into three companies; Supreme Court rejects Bayer appeal on Roundup suits

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Sales of existing homes in May declined 3.4%, as prices hit a new high; Marilynn Malerba is first Native American appointed U.S. treasurer; federal wildland firefighter pay increases to kick in after long wait

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The president says he’s aiming to decide by the end of the week; former Tesla employees sue, alleging improper layoffs; JetBlue increases offer to buy Spirit Airlines

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Stocks close mixed; industrial production rises at a slower pace than in April; CEO survey shows majority expect recession before end of 2023; FDA authorizes COVID vaccine for young children

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The Food and Drug Administration is giving emergency use authorization

for vaccines for the very young; the European Union’s executive arm

recommends that Ukraine and Moldova be allowed to join; retailers face

backlash for selling Juneteenth merchandise.

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The World Trade Organization reaches an agreement on a partial waiver of

patents on Covid-10 vaccines; President Biden signs a bill aimed at

reducing overseas shipping costs. - June 17, 2022

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Stocks fall; average claims remain near multi-decade lows; new home construction projects fall; mortgage rates hit highest level since 2008

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Central banks in Switzerland, Hungary and the U.K. raised rates to combat inflation; home construction plummeted in May to a 13-month low; Michigan baby formula plant halts production again amid flooding; weekly initial jobless claims decline slightly to 229,000

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Marketplace Minute - June 16, 2022

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