The decision of former President George W. Bush to not endorse a candidate for president is a significant departure from his previous stance in past elections. His office’s announcement that he and his wife, Laura, will not endorse a candidate or disclose their voting plans underscores a shift in his involvement in presidential politics. Former
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In August, the U.S. economy created slightly fewer jobs than expected, signaling a slowdown in the labor market. Nonfarm payrolls expanded by 142,000, down from the previous month and below the consensus forecast. However, this data also clears the way for the Federal Reserve to lower interest rates later in the month. The unemployment rate
The latest report from ADP reveals that private sector payrolls grew at the slowest pace in over three-and-a-half years in August. The data shows that only 99,000 workers were hired during the month, falling short of the consensus forecast of 140,000. This marks a significant decline from the previous month’s figure of 111,000. According to
The U.S. Consumer Product Safety Commission is under pressure to investigate the safety practices of popular “foreign-owned” e-commerce platforms like Shein and Temu. Concerns have been raised regarding the alleged sale of dangerous baby and toddler products on these platforms. CPSC Commissioners Peter Feldman and Douglas Dziak have called for a closer look at the
In August, U.S. factories experienced a continued slowdown, sparking concerns about the direction of the economy. The Institute for Supply Management’s (ISM) monthly survey revealed that only 47.2% of purchasing managers reported expansion during the month, falling below the breakeven point of 50%. While this was a slight improvement from the previous month’s 46.8%, it
Recently, a panel of Brazil’s federal supreme court justices voted unanimously to uphold orders suspending the use of Elon Musk’s social network X nationwide. This decision came after a series of events where the court had issued suspension orders, frozen financial assets, and instructed internet service providers to block access to X until it complies
Former Democratic Rep. Tulsi Gabbard’s endorsement of Republican former President Donald Trump’s campaign has brought attention to Vice President Kamala Harris’ policy pivots. Gabbard pointed out that Harris has been attempting to distance herself from her previous record and positions, emphasizing the importance for Trump to focus on these shifts during their upcoming debate. Gabbard’s
Netflix has seen a significant surge in its stock prices, hitting a record high in August. Analysts are optimistic about the company’s potential for even more growth, with shares surpassing the $700 mark and reaching a new intraday record of $711.33. Despite a slight pullback in recent days, shares closed at $701.35 on Friday, marking
The latest data from the Commerce Department reveals that inflation in July inched higher, aligning with the Federal Reserve’s assessment as they gear up for a potential interest rate cut. The personal consumption expenditures price index rose 0.2% on a monthly basis, with a year-over-year increase of 2.5%. The core PCE, which excludes food and
Salesforce saw a 4% increase in its shares in extended trading following the release of its fiscal second-quarter results that exceeded expectations. The business software maker reported earnings per share of $2.56, higher than the expected $2.36, and revenue of $9.33 billion, surpassing the estimated $9.23 billion. This strong performance led to a positive outlook