Day: August 1, 2025
Trump ‘soft, weak and afraid’ in firing labor statistics chief McEntarfer: Wyden
The top Democrat on the Senate Finance Committee called President Donald Trump’s firing of Bureau of Labor Statistics Commissioner Erika McEntarfer on Friday “the act of somebody who is soft, weak and afraid to own up to the reality of the damage his chaos is inflicting on our economy.” “Bottom line, Trump wants to cook […]
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Texas researcher faces deportation after being held for a week at San Francisco airport
Travelers outside San Francisco International Airport (SFO) in San Francisco, California, US, on Friday, May 23, 2025. David Paul Morris | Bloomberg | Getty Images A researcher at Texas A&M University flying home from abroad was detained for more than a week by immigration authorities at the San Francisco International Airport, sleeping in a chair and living […]
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Why Black entrepreneurs flock to Martha’s Vineyard every August
Sign at Martha’s Vineyard Airport, Massachusetts Cindygoff | Istock | Getty Images Martha’s Vineyard has long been a summer vacation destination for Black families, but August in the Massachusetts beach community is becoming an important hub for Black entrepreneurs, investors and financial firms, too. “I would say the magic of it is really about introducing […]
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Crypto wobbles into August as Trump’s new tariffs trigger risk-off sentiment
A screen showing the price of various cryptocurrencies against the US dollar displayed at a Crypto Panda cryptocurrency store in Hong Kong, China, on Monday, Feb. 3, 2025. Lam Yik | Bloomberg | Getty Images The crypto market slid Friday after President Donald Trump unveiled his modified “reciprocal” tariffs on dozens of countries. The price […]
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Trump fires commissioner of labor statistics to be fired after weaker-than-expected jobs figures slam markets
Erin Scott/Bloomberg via Getty Images President Donald Trump on Friday demanded the firing of the Bureau of Labor Statistics commissioner, hours after the agency reported that job growth in the U.S. had slowed to a near-halt. In a Truth Social post that also directed even more fire at Fed Chair Jerome Powell, Trump accused BLS […]
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Tesla must pay $329 million in damages after fatal Autopilot crash, jury says
Tesla vehicles are parked outside of a dealership on July 24, 2025 in Austin, Texas. Brandon Bell | Getty Images A jury in Miami has determined that Tesla should be held partly liable for a fatal 2019 Autopilot crash, and must compensate the family of the deceased and an injured survivor damages of $329 million. The […]
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‘The eye of the hurricane’: Why the U.S. job market has soured, economists say
Key Points The July 2025 jobs report suggests a sharper slowdown in U.S. job growth than previously thought, economists said. President Donald Trump’s tariff policy is among the economic headwinds contributing to slower job creation and hiring, economists said. Immigration policy and relatively high interest rates are other factors, they said. Job seekers face a […]
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BlackRock’s Rick Rieder says a half-point rate cut by the Fed in September is possible
Rick Rieder, BlackRock’s chief investment officer for global fixed income, said July’s dismal jobs report opened the door for a jumbo rate cut from the Federal Reserve next month. “We would argue that the evidence the Fed needed in order to justify a cut in September has arrived in today’s report,” Rieder said in a […]
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Trump says he moved two nuclear submarines after Russia’s Medvedev warns U.S.
President Donald Trump on Friday said that he ordered two nuclear submarines “to be positioned in the appropriate regions” in response to warnings made to the United States by top Russian official Dmitry Medvedev earlier this week. “Based on the highly provocative statements of the Former President of Russia, Dmitry Medvedev, who is now the […]
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Palantir lands $10 billion Army software and data contract
Alex Karp, CEO of Palantir, attending the annual Allen & Co. Media and Technology Conference in Sun Valley, Idaho, on July 9, 2025. David A. Grogan | CNBC Palantir has inked a contract with the U.S. Army worth up to $10 billion to meet growing warfare demands over the next decade. As part of the […]
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