WH expresses frustration over Epstein’s birthday book reportedly containing messages from Trump, Clinton, and other prominent figures.
WASHINGTON – The White House has criticized the publication of President Trump’s birthday notes to Jeffrey Epstein, labeling them as “fake news.” The complete book, submitted to Congress by Epstein’s real estate company, was released Monday evening by the Republican-controlled House Oversight Committee after Democrats shared only the pages related to Trump. Trump, at 79 […]
Labor Department updates employment figures revealing 911,000 fewer jobs through March
On Tuesday, the Labor Bureau issued a preliminary estimate for an annual benchmark revision regarding non-farm payrolls. This indicates that the US economy has more job losses than previously thought. The Bureau of Labor Statistics (BLS) has shared its initial findings for these annual updates. Each year, the BLS revises its data to include more […]
Numerous Grievers and Notable Figures Say Farewell to Giorgio Armani
Final Farewell to Giorgio Armani in Milan MILANO (AP) – Hundreds of fans and notable personalities gathered to honor Giorgio Armani on Saturday, celebrating the Milanese mayor’s legacy as a figure of “extraordinary elegance” who left a lasting impact on both the city and the global fashion scene. Armani passed away on Thursday at the […]
EUR/USD rises to 1.1714 as poor employment figures weaken the US Dollar
August’s non-farm payroll data indicates a decline in employment, an increase in unemployment rates, and stable wage growth. The US two-year Treasury yields are projected to drop as markets fully anticipate interest rate cuts in September, with the DXY declining by 0.70% to 97.57. Traders will look to the upcoming US CPI report for insights, […]
Job figures could improve with lower rates, don’t align with the overall economy, and could be adjusted upwards.
Economic Insights from the White House During a recent segment on NBC’s “Meet the Press Now,” Kevin Hassett, who leads the White House National Economic Council, discussed current economic indicators. He noted that everything appears to be functioning smoothly and expressed optimism about the economy’s trajectory. Despite some weak job numbers, he suggested that adjustments […]
Bitcoin makes a move, but disappointing US job figures disappoint investors again: Is it time to take risks or play it safe?
Key Takeaways Bitcoin briefly hit $113,000 before falling back, following disappointing US employment data. Open interest has reached record highs with a $2 billion influx of Stablecoins. To confirm a solid market bottom, Bitcoin needs to sustain above $112,500 weekly. This week, Bitcoin (BTC) increased by 4.75%, climbing from $109,250 to $113,384, bolstered by the […]
Wall Street starts the new week feeling tense as signs of weakness in the labor market appear; traders prepare for inflation figures.
Market Reactions to Employment Data Next week, Wall Street will be navigating the effects of recent employment figures, particularly with investors eyeing some unsettling signals from the bond market. There’s also inflation data coming up, which adds another layer of complexity. On Friday, stocks hit an all-time high for a moment but then saw major […]
Employment figures reveal a decrease in immigrant workers over the last year
Labor Secretary Discusses August Employment Report and Workforce Dynamics Labor Secretary Lori Chavez Deremar spoke about the August jobs report, highlighting the decrease in the number of migrant workers, which suggests a rise in employment among US-born individuals. Data from the Bureau of Labor Statistics (BLS) indicated that foreign-born workers—without distinguishing between legal and illegal […]
U.S. Economy Gains Only 22,000 Jobs in August—June Figures Adjusted Downward to Show Losses
U.S. Job Market Shows Mixed Signals in August The latest report from the Labor Bureau reveals that the U.S. economy added 22,000 jobs in August, while the unemployment rate ticked up to 4.3%. This news arrives amid growing skepticism regarding the accuracy of monthly employment figures and ongoing critiques of the Federal Reserve, especially as […]
EUR/USD weakens as the US Dollar strengthens on mixed employment figures and declining Eurozone retail sales
EUR/USD Dips as US Dollar Holds Steady Amid Labor Data and Eurozone Sales US dollar remains stable due to disappointing labor data and eurozone retail performance. Private US job growth in August was only 54,000, falling short of the 65,000 prediction and significantly lower than July’s revised 106,000. Focus is now on the US services […]