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 the books,” said Sen. Ron Wyden of Oregon in a statement shortly after Trump fired McEntarfer on the heels of a weaker-than-expected jobs report by the BLS.”Trump can’t get through a single day without making some catastrophic decision that undermines confidence in the U.S. economy, and…
Author: usaeverydaylife
Dr. Adriana Kugler, member of the Board of Governors of the Federal Reserve, speaks to The Economic Club of New York in New York City, U.S., June 5, 2025. Kylie Cooper | ReutersFederal Reserve Governor Adriana Kugler announced Friday she is stepping down from her role at the central bank, creating an important vacancy at a time when President Donald Trump is pushing for lower interest rates.In a letter addressed to Trump, Kugler, 55, did not state a reason for her decision to leave, only noting that she will be returning to Georgetown University as a professor in the fall.”It…
Travelers outside San Francisco International Airport (SFO) in San Francisco, California, US, on Friday, May 23, 2025. David Paul Morris | Bloomberg | Getty ImagesA 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 off food sold in the airport, his family and attorneys said Thursday.It was unclear why Tae Heung “Will” Kim, who is a legal permanent resident with a green card, was detained July 21, his attorney Karl Krooth said at a news conference. Kim, who went to…
Sign at Martha’s Vineyard Airport, Massachusetts Cindygoff | Istock | Getty ImagesMartha’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 your network to someone else’s network,” said Calvin Butts, founder of East Chop Capital, a private equity firm named after a neighborhood on the island. “We found great success raising capital there, we’ve had our portfolio companies speak as well, we’ve done very, very well with deal…
(Check out Carter’s worthcharting.com for actionable recommendations and live nightly videos.) Here’s a brief examination of key downside levels for the SPDR S & P 500 ETF (SPY). In the context of the current sell-off in the market (the SPY at its low today is -3.16% from Thursday’s all-time high of $639.85). Support comes into play (begins) at pre-tariff sell-off all-time high of Feb. 19 at roughly the $631 level. A drawdown to said level would represent a 4.1% decline from Thursday’s all-time high. Importantly, support is not a plywood board or a concrete floor, but rather is a mattress top. Support begins at the $631…
From left, Donald Trump and his girlfriend (and future wife), former model Melania Knauss, financier (and future convicted sex offender) Jeffrey Epstein, and British socialite Ghislaine Maxwell pose together at the Mar-a-Lago club in Palm Beach, Florida on Feb. 12, 2000.Davidoff Studios Photography | Archive Photos | Getty ImagesTwo sexual abuse victims of Jeffrey Epstein and the family of late Epstein victim Virginia Giuffre on Friday blasted President Donald Trump after learning that Epstein’s accomplice Ghislaine Maxwell had been transferred to a less restrictive prison in Texas from Florida.”This move smacks of a cover up,” Epstein victims Annie Farmer and…
President Donald Trump on Friday fired 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 Commissioner Erika McEntarfer of being a political appointee who was manipulating jobs data.”I was just informed that our Country’s “Jobs Numbers” are being produced by a Biden Appointee, Dr. Erika McEntarfer, the Commissioner of Labor Statistics, who faked the Jobs Numbers before the Election to try and boost Kamala’s [Harris’] chances of Victory,” Trump…
Tesla vehicles are parked outside of a dealership on July 24, 2025 in Austin, Texas. Brandon Bell | Getty ImagesA 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 payout includes $129 million in compensatory damages, and $200 million in punitive damages against Tesla. Attorneys for the plaintiffs had asked the jury to award damages of around $345 million. The trial in the Southern District of Florida started on July 14.The suit centered around who shouldered…
Ozgur Donmaz | Photodisc | Getty ImagesThe U.S. job market has been showing signs of a gradual weakening. But new federal data issued Friday suggests it may have hit a long-awaited wall.”We’re finally in the eye of the hurricane,” Daniel Zhao, chief economist at career site Glassdoor, wrote in a note.”After months of warning signs, the July jobs report confirms that the slowdown isn’t just approaching — it’s here,” he wrote.’Very soft’ job marketEmployers added just 73,000 jobs in July, the Bureau of Labor Statistics reported Friday. That tally is less than expected.Economists generally think the U.S. economy needs to…
As the new month kicks off, Goldman Sachs is adding commercial insurance stock Aon to its list of top stock picks. Friday’s slump notwithstanding, stocks enter August near all-time highs after staging a dramatic recovery from their lows of the year in April, following President Donald Trump’s unveiling of new global tariff policies. Corporate earnings growth, moderate economic data, expectations that the Federal Reserve may soon resume cutting interest rates and progress in trade talks have all served as upward catalysts in recent weeks. As it does each month, Goldman Sachs took the opportunity to refresh the “directors’ cut” version…
