Morning Business Report: Student loan relief for seniors, job market improves

(LILAMAX)- The U.S. labor market showed more movement in April.  Job openings, hirings, and layoffs all increased, with involuntary separations hitting their highest level since October. At the same time, the number of people quitting their jobs dropped — a sign that workers may be having a harder time securing new positions.

Stocks closed higher for the second straight day, as investors grow more optimistic that the worst of the tariff-driven volatility may be over. The recent comeback rally has lifted market confidence, signaling a potential turning point for equities.

Ford reported a strong showing in May, with U.S. sales up more than 16% year-over-year. The gains were driven by a 17.2% rise in sales of vehicles with traditional internal combustion engines, along with a nearly 29% increase in hybrid model sales.

Theme park season is in full swing, and Busch Gardens Williamsburg in Virginia is marking its 50th anniversary with the launch of a new family-friendly roller coaster: The Big Bad Wolf: The Wolf’s Revenge. The ride is designed for thrill-seekers of all sizes — with a minimum height requirement of just 42 inches when accompanied by a supervising adult, and 48 inches when riding solo.