To Reduce Electrical Grid Strain Amid Heat Wave, Data Centers Are Ordered to Use Backup Power

As triple-digit temperatures engulf much of the United States, the Trump administration wants grid managers to require the use of backup power that often goes unused.

US Jobs Data Comes in Under Forecast | Bloomberg Businessweek Daily 7/2/2026

Today, Marta Norton, chief investment strategist at Empower, discusses the underwhelming June jobs report and that means for the Fed's next move. Then, Stuart Paul, Bloomberg Economics US and Canada economist, talks oil prices and what a permanent toll on the Strait of Hormuz would mean for oil prices. Plus, Robin Wenzel, head of the Wells Fargo Agri-Food Institute, breaks down the cost of fourth of July barbeque and where americans are feeling pinched at the grocery store. Finally, 'Bloomberg Business of Sports' co-hosts Vanessa Perdomo-Maglione and Randall Williams, discuss the United States' World Cup win over Bosnia-Herzegovina in the round of 32 and how a controversial red card may cost the US its leading scorer in the next game. (Source: Bloomberg)

More New Poll Data on Senate Races That Doesn't Look Good for Dems

No World Cup jobs bump evident in June data

With the U.S. hosting the World Cup, there have been plenty of anecdotes about a booming tourism economy in host cities — Scotland fans drinking Boston bars out of beer, for example.But no World Cup hiring bump is evident in the June employment data.By the numbers: Leisure and hospitality employment fell by 61,000 jobs in June. That's the category that includes restaurant and hotel employment and is most sensitive to tourism trends.The report also sharply revised down what had been first reported as a huge surge in May employment in the sector — to 40,000 jobs added from 70,000.Of note: The month-to-month numbers are volatile, reflecting both sampling error and the vagaries of seasonal adjustment processes. But even over slightly longer time frames, there also is not much to see.The leisure and hospitality sector has shed an average of 9,000 jobs in the last three months. It gained an average of 13,000 jobs monthly in the 12 months before that.The intrigue: It's worth watching whether a World Cup bump shows up in the local economies in other ways, including retail sales and local tax receipts.Employment data for metro areas in June will be released later in the month.The bottom line: "Many had forecast additional hiring needed to support the draw of travelers from abroad and within the U.S. flocking to World Cup venues," Jim Baird of Plante Moran Financial Advisors wrote in a note. "That either didn't materialize or was more than offset by losses elsewhere."

Mamdani confirms Harris phone call, says she’s been ‘in touch’ as speculation swirls over 2028 White House run

New York City Mayor Zohran Mamdani confirmed Wednesday that former Vice President Kamala Harris has been in contact with him for a few months, the latest indication that the former Democratic presidential nominee is strengthening ties with the party’s progressive wing as she weighs a possible 2028 White House bid. “Yes. That is true,” the […]

As Heat Wave Spreads Across the US, Data Centers Strain Electrical Grids

“Data centers need the most energy exactly when the grid has the least available to give,” said an AI platform CEO.

Gavin Newsom’s California to share driver’s license data that could expose illegal immigrants

The California DMV is moving forward with plans to share driver’s license and state ID data through an outside network, which could help ID illegal immigrants.

Supreme Court Rules Fourth Amendment Covers Your Location Data

The Supreme Court ruled Monday that the Fourth Amendment protects an individual’s right to privacy when it comes to their phone location data.The justices ruled 6–3 to send a Virginia bank robbery case back to the lower courts for review in light of its decision. In 2019, Okello Chatrie was convicted of robbing a credit union after police saw him using his phone in the security camera footage of the bank. They then used a “geofence warrant,” which compels tech companies to provide law enforcement with data from all devices at a specific place and time, to identify Chatrie.Geofence warrants are regularly used, and let the government demand location data and records from anyone near a crime scene without needing to identify an individual target.Government lawyers argued that Chatrie did not have a “reasonable expectation” of privacy, since he had willingly shared his location with Google.But the Supreme Court rejected that argument. Justice Elena Kagan wrote the opinion for the majority, with conservative Justice Brett Kavanaugh and Chief Justice John Roberts joining the court’s liberals.“A cell-phone user is not to be viewed as sharing private information with third parties—which then can be freely passed on to the government—just by doing the ordinary things cell-phone users do,” Kagan wrote.Justice Sonia Sotomayor concurred, writing, “even short-term monitoring” of a person’s physical movements can provide “a wealth of detail about [his] familial, political, professional, religious, and sexual associations.”The ruling is a win for data privacy, and will make it harder for the federal government to access personal information stored in the cloud without getting a specific warrant.