US unemployment claims fall slightly to 411,000 as job market slowly heals.

Washington may need to rethink its approach to Iran if the serious differences between the two countries on resuming compliance with the 2015 nuclear deal cannot be resolved "in the foreseeable future", a senior US official said on Thursday. The sixth round of indirect talks adjourned on Sunday, two days after hard-liner Ebrahim Raisi, the Iranian judiciary chief who is subject to US sanctions, was elected president of the Islamic Republic. Raisi is due to take office in August.

President Joe Biden announced on Thursday that we have a deal, signaling a bipartisan agreement on a USD 953 billion infrastructure plan that would achieve his top legislative priority and validate his efforts to reach across the political aisle.

The deal includes a $150 million convertible note financing led by Redwood Capital Management, with participation from institutional investors including CrossingBridge Advisors, Cohanzick Management and Silver Rock Financial LP.