WASHINGTON (AP) — This is expected to be the best summer job market for teens in 15 years. Researchers at Drexel University’s Center for Labor Markets and Policy predicted in a report last month that an average of 33% of youths ages 16 to 19 will be employed each month from June through August this year, the highest such rate since 34% in the summer of 2007.

WASHINGTON (AP) — Fewer Americans applied for jobless aid last week and the number of Americans collecting unemployment remain at historically low levels. Applications for unemployment benefits fell by 11,000 to 200,000 for the week ending May 28, the Labor Department reported Thursday.

NEW YORK (AP) — Wall Street was pointed toward gains in premarket trading Thursday morning and oil prices fell ahead of an OPEC meeting where oil-producing countries are expected to decide on output targets. Futures for the S&P 500 and Dow Jones industrials gained 0.5% following mixed trading in global markets.

NEW YORK (AP) — A swift jump in Treasury yields rattled Wall Street Wednesday, weighing down stock indexes at the start of another month in what’s been a turbulent year. The S&P 500 fell 0.7% after an early morning gain quickly vanished. Stocks began their slide immediately after the release of several reports on the U.S. economy, including one showing manufacturing growth was stronger last month than expected. That bolstered investors’ expectations for the Federal Reserve to continue raising interest rates aggressively to slow the economy in hopes of reining in inflation. Treasury yields rose sharply, sending the yield on the 10-year note up to 2.92%.

Delta Air Lines is boosting its outlook for second-quarter revenue because it expects phenomenal demand for travel this summer. The airline said Wednesday that it expects second-quarter adjusted revenue will be back to pre-pandemic 2019 levels, and revenue per seat will be higher than originally expected.

DETROIT (AP) — Ford’s chief executive says the global auto industry is headed for a huge price war in the coming years as electric vehicle costs drop and companies sell EVs priced around $25,000.

U.S. markets rose modestly ahead of the opening bell Wednesday and the price for a barrel of oil resumed an upward trajectory after the European Union this week blocked most oil imports from Russia.

SILVER SPRING, Md. (AP) — U.S. consumer confidence edged down in May as Americans’ view of their present and future prospects dimmed in the midst of persistent inflation. The Conference Board said Tuesday that its consumer confidence index dipped to 106.4 in May from 108.6 in April.

NEW YORK (AP) — U.S. markets were headed for losses Tuesday after the European Union agreed to embargo most Russian oil imports by the year’s end, sparking a fresh spike in oil prices.

NEW YORK (AP) — Stocks rose on Wall Street Friday and closed higher for the week, breaking a seven-week losing streak, the longest such stretch since 2001. The S&P 500 rose 2.5%, increasing its gain for the week to 6.6%. That's the biggest weekly gain for the benchmark index since November 2020.