Cooling U.S. Labor Market Weighed by Fed Hike, Inflation

The U.S. jobs market likely cooled again in July, economists estimate, as the economy faltered under the weight of high inflation and Federal Reserve interest-rate increases to cool demand.

Pelosi Says U.S. Won’t Allow China to Isolate Taiwan

House Speaker Nancy Pelosi said the U.S. would continue engaging with Taiwan, while Japan’s prime minister called on China to immediately halt its military exercises around the island.