Labor Market Is Cracking–And Trump Now Threatens Fed Takeover.The U.S. labor market just offered the first major reality check on President Donald Trump's tariff-driven economic uncertainty—and it's not the message investors or the White House were hoping for. Friday's official July jobs report revealed a sharp hiring slowdown, a rise in unemployment, and deep downward revisions to past data that flipped solid gains into significant disappointments.
Swiss Pres. Keller: Government disappointed by US tariffs imposed on country.Swiss Pres. Keller is speaking after the US imposed a 39% tariff on Switzerland imports:The The government disappointed by US tariff imposed on country.
Dollar Tumbles on Jobs Miss, Fed Dissenters Add Fuel.Dollar fell sharply Friday after a dismal July jobs report cast doubt on the resilience of the labor market. While the headline job growth missed expectations, the bigger blow came from a stunning downward revision to June's figure.
The Week Ahead – the Dawn of Recovery.(Nasdaq)NAS 100 another day, another record The (Nasdaq)NAS 100 is the gift that keeps on giving as the tech-heavy index enjoys another bull run thanks to stocks such as Microsoft and Meta. The strength in chip stocks is pushing technology prices higher, as well as the indices, thanks to a progressive earnings season.
Fed's Waller and Bowman urge proactive rate cut amid labor market risks.Fed Governors Christopher Waller and Michelle Bowman issued rare public statements today defending their dissenting votes in favor of a rate cut at this week's FOMC meeting. Both argued that a more proactive approach was needed to support the economy amid slowing growth and labor market softening.