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President Joe Biden called on Andrew Cuomo to resign after the release of a state report finding that the New York governor sexually harassed multiple women, created a “climate of fear” in his office and violated federal and state laws.Read more...

Biden Calls for Cuomo to Resign Over Sexual Harassment Findings

The spread of the delta coronavirus variant has pushed the threshold for herd immunity to well over 80% and potentially approaching 90%, according to an Infectious Diseases Society of America briefing.Read more...

Delta Strain Pushes Herd Immunity Threshold Higher: Virus Update
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A federal judge temporarily blocked Texas state troopers from enforcing the governor’s order to stop anyone who isn’t in law enforcement from transporting migrants along the Texas border. The judge’s order, in effect until Aug. 13, also temporarily prevents troopers from pulling over and impounding any vehicle suspected of transporting migrants who might have Covid-19.Read more...

Judge Temporarily Halts Texas Restrictions on Migrant Transports

New Zealand’s unemployment rate fell more than forecast in the second quarter as the economy’s recovery boosted hiring and began to stoke wage inflation. The kiwi dollar rose as traders increased bets on higher interest rates.Read more...

New Zealand Jobless Rate Drops to 4%, Fueling Rate-Hike Bets

California Republican Congressman Devin Nunes sued NBCUniversal Media alleging that MSNBC’s liberal talk show host Rachel Maddow defamed him with on-air suggestions he’d conspired with a Russian agent to rig the 2016 presidential election for Donald Trump.Read more...

Congressman Devin Nunes Sues NBC Claiming Rachel Maddow Smeared Him

The hunt for a benchmark to replace yen Libor is gaining ground, with Japan’s traders leaning toward the Tokyo Overnight Average Rate in the battle to dominate the financing of the country’s $27 trillion derivatives market.Read more...

Yen Libor Death Knell Sounds as Traders Close In on Replacement