Daily Recap

Thursday, 02 July 2026

Fresh signs of cooling emerged in the U.S. economy as June payroll growth came in at just 57,000, far below expectations, even as unemployment dipped to 4.2% and layoffs stayed relatively contained — a reminder that the labor market is slowing more than cracking. In corporate news, succession and governance shifts continue to ripple through the Tata empire, with Mehli Mistry stepping down from RNT Associates as control arrangements tied to Ratan Tata’s estate take effect. In India’s capital markets, Carlsberg is reportedly testing investor appetite with a confidential filing for an IPO of its local unit that could raise up to $700 million, underscoring the country’s draw for global consumer companies. Meanwhile, routine but closely watched insider-reporting filings from Perma-Fix and Citigroup added to the day’s steady drumbeat of regulatory disclosures.

Recap for Thursday, 02 July 2026

Photos from today's Business coverage
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