In August, private sector payrolls experienced the slowest growth rate in over three-and-a-half years, with only 99,000 jobs added. This figure was less than the revised July number of 111,000 and below the expected 140,000, as forecasted by Dow Jones. The data from ADP reveals that August marked the weakest month for job growth since
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Two members of the U.S. Consumer Product Safety Commission have recently raised concerns about 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.” Commissioners Peter Feldman and Douglas Dziak emphasized the need to examine the
The Institute for Supply Management’s monthly survey of purchasing managers in August revealed that only 47.2% reported expansion, falling below the 50% breakeven point for activity. This data raised concerns about the state of the economy, especially in the manufacturing sector. Although the August figure was slightly higher than July’s 46.8%, it fell short of
The recent decision made by a panel of Brazil’s federal supreme court justices to suspend the use of Elon Musk’s social network X nationwide has sparked controversy and divided opinions. The court, led by top justice Alexandre de Moraes, issued suspension orders late Friday after Musk failed to appoint a legal representative for his business
Former Democratic Rep. Tulsi Gabbard has recently endorsed Republican former President Donald Trump’s campaign and is providing strategic advice for the upcoming debate between Trump and Vice President Kamala Harris. Gabbard suggests that Trump should focus on Harris’ policy pivots, as she has been attempting to distance herself from her previous positions. This advice comes
Netflix saw a surge in its stock price in August, reaching a record high and surpassing the $700 mark. While the stock pulled back slightly in recent days, it closed at $701.35 on Friday and is up by 44% year-to-date. Despite facing stiff competition in the streaming sector and a slowdown in consumer spending, analysts
In July, inflation in the United States showed a slight increase, based on the personal consumption expenditures price index favored by the Federal Reserve. The report indicated a 0.2% rise in prices for the month and a 2.5% increase from the previous year. Core PCE, which excludes food and energy prices, also saw a 0.2%
Salesforce, the business software maker, recently reported robust fiscal second-quarter results that surpassed estimates and led to a 4% increase in its shares during extended trading. The company’s earnings per share of $2.56 adjusted exceeded the expected $2.36, while its revenue of $9.33 billion outpaced the anticipated $9.23 billion. The revenue growth of 8% year
The recent drop in mortgage rates for the fourth consecutive week did not seem to generate much excitement among current homeowners or potential homebuyers. Despite the decrease in the average contract interest rate for 30-year fixed-rate mortgages, the overall mortgage application volume only increased by a mere 0.5%. It appears that the lower rates did
Former President Donald Trump’s economic proposals have been the subject of intense scrutiny, with a recent study from the Penn Wharton Budget Model revealing that his policies would lead to a significant increase in federal deficits. Trump’s plan to extend the 2017 tax cuts permanently alone would add over $4 trillion to the deficits over