Airlines would have to allow parents to book seats next to young children without paying extra fees under a Biden administration proposal that seeks to address a major travel headache for families.
U.S. stocks swooned in a broad selloff prompted by weakening jobs, manufacturing and construction data, with the S&P 500, Nasdaq and Dow shedding 1.4%, 2.3% and 1.2%, respectively. The 10-year Treasury yield fell below 4% for the first time since February.
South Korea’s headline inflation rose at a stronger-than-expected pace in July on higher prices for agricultural and oil products, after easing for three consecutive months.
