Updated from 7:07 a.m.
NEW YORK (TheStreet) -- Here are 10 things you should know for Thursday, July 2:
1. -- U.S. stock futures were rising modestly as investors maintained hope for a Greek debt deal and prepared to kick off for the July 4 holiday.
European stocks were flat as Greece continued to dominate market considerations. The question is, will Greece accept austerity measures and stay in the eurozone?
In London, the FTSE 100 was flat, while in Paris, the CAC 40 was down 0.11%. In Frankfurt, the DAX was down 0.08%.
In Asia, China's Shanghai Composite continued its slide to close down 3.48%, while in Hong Kong, the Hang Seng was up 0.12%. In Tokyo, the Nikkei 225 was up 0.95%.
2. -- The economic calendar in the U.S. on Thursday includes employment situation data at 8:30 a.m., jobless claims numbers at 8:30 a.m., and factory orders data at 10 a.m.
Thursday is the final trading day this week, as Friday is a market holiday for Independence Day. All U.S. exchanges will be closed Friday.
3. -- U.S. stocks on Wednesday increased in spite of the uncertain Greek debt scenario.
4. -- The Greek debt situation continues to drag along. Greece's future is in part contingent on the unprecedented referendum on the bailout and its austerity measures that Greek Prime Minister Alexis Tsipras has called for July 5. The finance minister, Yanis Varoufakis, suggested he would resign if Greeks vote to accept the austerity measures required by European creditors in order for Greece to obtain a new bailout.
Greeks have pulled about €8 billion (about $8.9 billion) from banks in the past few weeks, according to reports, leading to liquidity problems.
5. -- Online payments site -- and soon-to-be-independent public company -- PayPalboughtXoom (XOOM) , a rival digital money company. The deal values Xoom at $1.09 billion, but PayPal will only need to pay about $890 million, once Xoom's cash is considered. Xoom allows U.S. customers to send money people in 37 countries.
Xoom stock was rising by 22.8% in premarket trading, while eBay stock was rising by 1.17%.
6. -- The Department of Labor reported that there were 281,000 initial jobless claims from last week. Employment figures also were released this morning. The unemployment rate was expected to stay at about 5.5%, but it fell to 5.3%. In June, 223,000 new jobs were created, lower than the expected 230,000 new jobs, and down from May's very strong 280,000 new jobs.
Economists at Econoday initially predicted that 270,000 new unemployment claims were made last week; the prior week's count was 271,000.
Jobless claims have fallen to very low levels by historical standards and the unemployment rate is low, both of which suggest that the labor market is strong. Low unemployment is a major factor in the Federal Reserve's decision about when to raise rates, and is an overall economic indicator.
7. -- Electrolux (ELUXY) is trying to salvage its deal to buyGeneral Electric's (GE) - Get Report appliance business for $3.3 billion. The U.S. Department of Justice said that it plans a lawsuit to block the sale, saying that two of the three largest appliance makers should not combine.
Electrolux, a maker of vacuum cleaners, stoves and refrigerators, fell more than 10% in Swedish trading. GE stock was rising by 0.24% in premarket trading.
8. -- Organic and natural foods grocer Whole Foods Market (WFM) admitted in a video message to customers that it had overcharged for some weighed foods. The New York City Department of Consumer Affairs announced last week that it was investigating Whole Foods for systematically overstating the weight of pre-packaged foods it sold.
Whole Foods promised more oversight and a third-party auditing system to prevent future overcharges.
In premarket trading, Whole Foods was flat.
9. -- The Justice Department is looking into airline fares to see if there is collusion in the industry, especially in relation to when seats are released. The DoJ didn't give many details on which airlines were targeted, but American Airlines (AAL) - Get Report and Southwest Airlines (LUV) - Get Report both said they had received inquiries on pricing.
TheStreet's Ted Reed discussed airlines' calculation of capacity, or how many seats can be occupied per flight. Reed said airlines had bragged about reducing empty seats, and that may have attracted regulatory attention. Read more.
10. -- Saudi Prince Alwaleed bin Talal announced that he will donate his fortune of $32 billion to charity, saying he was inspired by Microsoft's (MSFT) - Get Report Bill and Melinda Gates. Alwaleed is 34th in Forbes' list of the richest people in the world and is chairman of Kingdom Holding. He didn't yet specify programs to receive funding, but he will oversee the distribution.