Business
Puerto Ricans Want to Go Cashless. Merchants Aren’t Ready for It, Study Finds
New survey: 88% of consumers want broader digital payment acceptance, but only 15% of local microbusinesses have a payment terminal
Latest by Mardelis Jusino
Economy
Wall Street tumbles as oil tops $100 and Tesla, Alphabet drag the market down
The S&P 500 sheds 1%, the Dow gives up 516 points and the Nasdaq falls 1.8% by mid-morning, pressured by the Middle East escalation.
Business
Tesla posts lower profit despite record vehicle sales in second quarter
Higher operating costs offset record vehicle deliveries, pushing Tesla’s second-quarter profit down 5%.
Government
Labor Department Pushes Back ‘Desempleo Digital’ Launch to September
Employers get extra breathing room to close out second-quarter filings before Puerto Rico’s new unemployment platform goes live.
Economy
Wall Street Closes Lower for the Week as Tech Selloff and US-Iran Tensions Weigh on Markets
The Nasdaq led losses as chip and tech-services stocks slidand IBM posted its worst trading day in decades,
Federal Affairs
Puerto Rico Mayors Take Their Case to Washington, With Billions in Recovery Funds Still Stuck
A dozen mayors press Congress and federal agencies this week, with roughly $24 billion in disaster recovery funds still undisbursed.
Federal Affairs
Puerto Rico Lowers Flags to Half-Mast After Death of Sen. Lindsey Graham
Gov. González-Colón follows President Trump’s national order, citing Graham’s role in disaster recovery and national security matters affecting the island.