In August, the U.S. economy created slightly fewer jobs than expected, marking a slowdown in the labor market. Nonfarm payrolls expanded by 142,000, below the 161,000 consensus forecast. The unemployment rate also ticked down to 4.2%, with the labor force expanding by 120,000. While the August numbers were near expectations, the previous two months saw
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The latest data from ADP revealed that private sector payrolls grew at the slowest pace in over three-and-a-half years in August. The report showed that companies added just 99,000 workers to their payrolls, which was lower than the 111,000 jobs added in July and fell short of the consensus forecast of 140,000. This marks the
Concerns have been raised by two U.S. Consumer Product Safety Commission members, Peter Feldman and Douglas Dziak, regarding the safety practices of “foreign-owned” e-commerce platforms such as Shein and Temu. Specifically, they are urging the agency to investigate the alleged sale of “deadly baby and toddler products”. The commissioners emphasize the need to examine Temu
In August, U.S. factories continued to operate in a state of slowdown, sparking worries about the future direction of the economy. The Institute for Supply Management’s monthly survey of purchasing managers revealed that only 47.2% reported expansion in activity for the month, falling short of the 50% breakeven point. While this figure showed a slight
The recent decision by Brazil’s federal supreme court justices to suspend the use of Elon Musk’s social network X throughout the country has sparked a significant amount of controversy. Although the decision was unanimous among the panel of justices, Justice Luiz Fux expressed reservations about the court’s ability to fine individuals or businesses that attempt
Former Democratic Rep. Tulsi Gabbard has recently endorsed Republican former President Donald Trump’s campaign and has been advising him on strategy for the upcoming debate against Vice President Kamala Harris. Gabbard’s perspective on Harris’ policy shifts and her experience from the 2020 Democratic primary debates could be valuable insights for Trump as he prepares to
Netflix recently hit a record high in August, with shares reaching an intraday peak of $711.33. Despite some pullback, the stock closed at $701.35, representing a 44% increase year to date. Analysts are optimistic about the stock’s future, with many believing there is even more upside potential. Jason Helfstein from Oppenheimer has an outperform rating
The latest report on inflation shows a slight uptick in July, as indicated by the personal consumption expenditures price index, a measure preferred by the Federal Reserve. The index rose 0.2% on a monthly basis and was up 2.5% from the previous year. Looking at core inflation, which excludes food and energy prices, there was
Salesforce recently reported a significant rise in its shares following the release of robust fiscal second-quarter results that exceeded analyst expectations. The company’s earnings per share were $2.56, adjusted up from the expected $2.36. Revenue also surpassed expectations, reaching $9.33 billion compared to the estimated $9.23 billion. This growth was attributed to an 8% year-over-year
Despite a fourth consecutive week of falling mortgage rates, both existing homeowners and potential homebuyers showed minimal interest in taking advantage of the situation. The Mortgage Bankers Association reported a mere 0.5% increase in total mortgage application volume compared to the previous week, indicating a lackluster response to the declining rates. The average contract interest