In August, the U.S. economy added slightly fewer jobs than expected, marking a slowdown in the labor market. According to the Bureau of Labor Statistics, nonfarm payrolls expanded by 142,000 during the month, down from the previous month and below the consensus forecast. However, the unemployment rate did tick down to 4.2%, in line with
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The latest report from ADP reveals that the private sector job market experienced a significant slowdown in August. With only 99,000 workers added to payrolls during the month, it marks the weakest pace of growth in over three-and-a-half years. This figure is lower than the downwardly revised data for July and falls short of the
Two members of the U.S. Consumer Product Safety Commission have recently called for an investigation into the safety practices of “foreign-owned” e-commerce platforms such as Shein and Temu. In a letter addressed to the agency, CPSC Commissioners Peter Feldman and Douglas Dziak highlighted the alleged sale of “deadly baby and toddler products” on these platforms.
The latest manufacturing gauges for August have shown that U.S. factories are still experiencing a slowdown, raising concerns about the overall state of the economy. The Institute for Supply Management’s survey of purchasing managers revealed that only 47.2% reported expansion during the month, falling below the 50% breakeven point for activity. While this figure was
Recently, Brazil’s federal supreme court justices voted unanimously to uphold orders suspending the use of Elon Musk’s social network X nationwide. This decision came after a series of warnings and requests from the court to comply with local laws regarding online content and misinformation. The court’s top justice, Alexandre de Moraes, issued the suspension orders
Former Democratic Rep. Tulsi Gabbard has been advising Republican former President Donald Trump as he prepares for an upcoming debate with Vice President Kamala Harris. Gabbard’s advice is centered around Harris’ policy pivots, urging Trump to focus on the inconsistencies between her stated positions and her actions. Drawing from her own experience debating Harris during
Netflix’s stock hit a record high in August, breaking above the $700 mark and reaching an intraday record of $711.33. Despite pulling back slightly in recent days, shares closed at $701.35 on Friday. Year to date, the stock is up by around 44%. This impressive performance stands out given the intensifying competition in the streaming
In July, inflation in the United States saw a slight increase, as reported by the Commerce Department. The personal consumption expenditures price index rose by 0.2% on the month and was up 2.5% from the same period last year. The core PCE, which excludes volatile food and energy prices, also increased by 0.2% for the
Salesforce, a leading business software maker, reported impressive fiscal second-quarter results that surpassed expectations. The company’s earnings per share came in at $2.56, adjusted, compared to the expected $2.36, while revenue reached $9.33 billion, exceeding the estimated $9.23 billion. This performance represented an 8% year-over-year growth during the quarter, which ended on July 31. Amy
The recent decrease in mortgage rates for the fourth consecutive week did not seem to impress either current homeowners or potential homebuyers. The Mortgage Bankers Association reported only a modest 0.5% rise in total mortgage application volume compared to the previous week. Although the average contract interest rate for 30-year fixed-rate mortgages dropped to 6.44%