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Business/Economy (News/Activism)

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  • 22,000 jobs added in August, unemployment nears 4-year high

    09/05/2025 5:54:08 AM PDT · by hcmama · 43 replies
    Just the NEws ^ | September 05, 2025 | Natalia Mittelstadt
    Only 22,000 jobs were added in August while unemployment reached a near-four-year high, according to data from the Bureau of Labor Statistics.The unemployment rate rose from 4.2% to 4.3% last month, CNN reported.The data represents the first jobs report after President Donald Trump fired former BLS Commissioner Erika McEntarfer last month, hours after she published a weak jobs report partly based on steep downward revisions for May and June.
  • South Korea says 'many' of its nationals were detained in immigration raid on Hyundai facility in Georgia

    09/05/2025 3:54:44 AM PDT · by CFW · 12 replies
    NBC news ^ | 9/4/25 | staff
    South Korea said Friday that it had expressed “concern and regret” to the U.S. Embassy over an immigration raid on a Hyundai facility in Georgia during which it said “many” South Korean nationals had been detained. “The economic activities of our companies investing in the U.S. and the rights and interests of our nationals must not be unfairly violated,” said Lee Jae-woong, a spokesperson for the foreign ministry of the key U.S. ally, according to the Yonhap news agency. Agents from Immigration and Customs Enforcement (ICE) as well as Homeland Security Investigations and other federal agencies were involved in the...
  • Trump's oldest sons' American Bitcoin stake worth $1.5 billion in stock debut

    09/04/2025 8:56:36 PM PDT · by SeekAndFind · 19 replies
    Reuters ^ | 09/04/2025 | Koh Gui Qing and Milana Vinn
    NEW YORK, Sept 3 (Reuters) - A bitcoin company tied to President Donald Trump's two oldest sons more than doubled in value in its stock market debut on Wednesday, valuing the sons' stake at well over $1.5 billion as the first family grows their crypto business interests. Shares in American Bitcoin Corp , a bitcoin miner, soared as high as $14.52 in its first day of trade on the Nasdaq, before pulling back to be up 16.5% at $8.04 by the end of the day. The company is around 20% owned by Eric Trump and Donald Trump Jr, American Bitcoin...
  • Steve Witkoff needs to visit Baghdad: Business and Real Estate are Booming

    09/04/2025 8:02:13 PM PDT · by SeekAndFind · 15 replies
    American Enterprise Institute ^ | 08/10/2025 | Michael Rubin
    BAGHDAD, IRAQ — In just the last two years, Baghdad has transformed. Traffic flows unimpeded through the former Green Zone. A new highway abuts the Tigris River in the heart of the city. Overpasses and elevated highways now cross Baghdad’s infamous traffic circles. The multibillion-dollar U.S. Embassy once dominated the shore of the Tigris River; now high-rise apartments dwarf it. Big name hotels — the Movenpick, the Rixos — are nearing completion and will soon cater to the hundreds of businessmen coming through Baghdad daily for their share of the deals the country is looking to sign.In Washington, partisans and...
  • Trump asks Supreme Court to let him fire FTC Commissioner Rebecca Slaughter

    09/04/2025 5:48:41 PM PDT · by E. Pluribus Unum · 27 replies
    CNBC.com ^ | Thu, Sep 4 2025 4:27 PM EDT | Leah Millis
    President Donald Trump asked the Supreme Court to allow him to fire Federal Trade Commission commissioner Rebecca Slaughter, who had been reinstated to that post after he had terminated her. Trump in March removed two Democratic commissioners from their posts at the FTC — Slaughter and Alvaro Bedoya — as part of his sprawling effort to exert his influence over federal agencies.The question of “cause” for termination is also at the crux of Trump’s bid to remove Federal Reserve Board Governor Lisa Cook from her role. President Donald Trump on Thursday asked the Supreme Court to allow him to fire...
  • Facing stiff competition, remote workers up their game

    09/04/2025 2:09:22 PM PDT · by E. Pluribus Unum · 29 replies
    AP News ^ | Updated 3:52 PM CDT, September 4, 2025 | CATHY BUSSEWITZ
    NEW YORK (AP) — When Kate Smith worked a 9-to-5 office job, she was burned-out, suffering from daily migraines and thinking, “I can’t do this for the rest of my life.” She didn’t have to. For her next role, Smith landed a remote, full-time marketing job that enabled her to travel the world.Her laptop lifestyle took her to Bali, where she lived and worked for a year-and-a-half. “Every day, I was riding my scooter through the rice fields and thinking, ‘I love my life, this is amazing,’” she said. “And that feeling never fades. ... I feel so grateful for...
  • Why Trump's Tariffs are Legal

    09/04/2025 12:02:53 PM PDT · by LibertyFound · 15 replies
    National Economics Editorial ^ | September 4, 2025 | Spencer P. Morrison
    After five brutal months of unrestricted lawfare against the Trump Administration, it looks like the Supreme Court will finally weigh-in on tariffs. On August 29, 2025, a Federal Circuit Court of Appeal decided that President Trump’s reciprocal tariffs were illegal. Specifically, the Court ruled that the International Emergency Economic Powers Act does not authorize the President to impose tariffs of unlimited duration, on all goods from all countries. This is because tariffs are not mentioned in the Statute, and even if they were, the tariffs are not credibly related to a national emergency. The Trump Administration is appealing. Solicitor General...
  • 🚨EXCLUSIVE: Whistleblowers Reveal CIA Sabotage Operation at HHS Against Trump | RFK Jr. LIVE Now...

    09/04/2025 7:09:59 AM PDT · by Macho MAGA Man · 71 replies
    Benny Johnson on Twitter X ^ | September 4, 2025 | Benny Johnson
    Benny Johnson @bennyjohnson 🚨EXCLUSIVE: Whistleblowers Reveal CIA Sabotage Operation at HHS Against Trump | RFK Jr. LIVE Now... Benny Johnson 2:25 / 4:02
  • Los Angeles police officers ‘pulled from working cases’ to provide security for Kamala Harris

    09/04/2025 1:48:54 AM PDT · by Libloather · 60 replies
    NY Post ^ | 9/03/25 | Victor Nava
    Kamala Harris’ new security detail is made up of Los Angeles Police Department (LAPD) officers, who have been reassigned to guard the former vice president after President Trump withdrew her Secret Service protection, according to a report. As many as 14 of LAPD’s elite Metro Division officers have been “pulled from working cases” and “crime suppression efforts” to provide security for Harris, local outlet FOX 11 reported on Wednesday. The outlet recorded an unmarked LAPD SUV with at least two plainclothes officers sitting in the driveway outside Harris’ home in the upscale Brentwood neighborhood of Los Angeles, where the failed...
  • RFK decided to bring his flamethrower to Capitol Hill today

    09/04/2025 9:10:49 AM PDT · by Red Badger · 87 replies
    Not The Bee ^ | September 04, 2025 | Harambe Harambe
    Presented without comment: CJ Pearson @thecjpearson · Follow 🔥 Secretary Kennedy just DESTROYED Ron Wyden: Wyden: "I hope you tell the American people how many preventable child deaths are an acceptable sacrifice." RFK: "You've sat in that chair for 25 years while the chronic disease in our children went up to 76% and you said nothing" "We are the SICKEST country in the world. That's why we have to FIRE people at CDC. They did not do their job! This was THEIR job to keep us healthy!" "This morning I got a the latest numbers from CDC that 76.4% of...
  • Hiring data show disturbing trend just days before crucial jobs report

    09/04/2025 8:28:05 AM PDT · by lasereye · 19 replies
    thestreet ^ | Sep 4, 2025 | Mary Helen Gillespie
    The latest buzz on who’s hiring for what job in which company will have a potentially huge economic impact on your wallet – and very soon. Yes, U.S. job openings are more than a measure of hiring. They are a leading indicator shaping how the Federal Reserve responds to both inflation and employment. This is why the Job Openings and Labor Turnover Survey (Jolts) for July released Sept. 3 is an influential data point in terms of whether the Federal Open Market Committee will cut the benchmark interest rates at its Sept. 17 meeting. The Jolts, a monthly report published...
  • Sweden Paralysed by Cyber-Attack

    09/03/2025 11:33:12 PM PDT · by nickcarraway · 12 replies
    Euroweekly News ^ | Marc Menendez-Roche • Updated: 03 Sep 2025
    Ransomware hits Sweden: A ransomware attack on Swedish IT supplier Miljödata has paralysed up to 164 councils, four regions and other organisations, with police and cybersecurity teams investigating after hackers demanded 1.5 Bitcoin, around 1.5 million kronor (€128,000). Sweden is still reeling today after a ransomware attack on IT supplier Miljödata left councils, regions, universities and private firms in digital paralysis. Most Read on Euro Weekly News France tells hospitals to be war-ready by March 2026 Lisbon tram derailment leaves 15 dead German AfD suffers multiple candidate deaths Early reports suggested that around 200 municipalities and regional governments were caught...
  • America's most luxurious grocery store to open in New York City... with five-figure entry fee

    09/03/2025 4:10:37 PM PDT · by E. Pluribus Unum · 57 replies
    Daily Mail ^ | 21:25 EDT, 2 September 2025 | Updated: 17:24 EDT, 3 September 2025 | SOPHIE GABLE,
    Erewhon, the Los Angeles-based exclusive grocery chain, is coming to New York City with an eye-watering entry fee, but there's a catch. Ronnie Fieg, the founder and CEO of streetwear clothing brand Kith, announced that the luxury market was getting a spot in his members-only padel club in the West Village, as first reported by independent reporter Emily Sundberg. Fieg shared the floor plan for his members-only club on Instagram, illusively captioning the post: 'KITH IVY. It's a thing'.Sundberg reviewed the pitch deck for the exclusive club, revealing that those who want to step foot inside will have to fork...
  • U.S. Goods Inflation Lower than Other Countries

    09/03/2025 3:51:12 PM PDT · by SoConPubbie · 6 replies
    Whitehouse.gov ^ | September 3, 2025 | The Whitehouse
    U.S. Goods Inflation Lower than Other CountriesDownloadOverviewOverall inflation in the United States has eased. Headline CPI increased at a 1.9 percent annualized rate from January through July. Under the hood, there has been a shift in relative prices. Core goods (which exclude food and energy) inflation has risen modestly, which has been more than offset by a decline in services inflation. Some commentators have been quick to attribute the increase in goods inflation to trade policy. However, placing the increase in an international context highlights the following facts:Core goods inflation has increased globally over the past 12 months.Even with the...
  • Trump return-to-office order for federal employees is working but percentage still under 50: Gallup

    09/03/2025 11:59:17 AM PDT · by E. Pluribus Unum · 27 replies
    Just the News ^ | September 3, 2025 12:19pm | Joseph Weber
    The Gallup survey found an increase of nearly 30 points in the second quarter of the year and is now at 46%.The percentage of federal employees working in office in Washington, D.C., has significantly increased since President Trump's return-to-office order but still remains below 50%, according to a survey released Wednesday. After Trump returned to office in 2025, his administration ended remote work for most federal employees. As a result, the number of federal employees working in a flexible hybrid work model plummeted from 61% in late 2024 to 28% in the latest data from the second quarter of...
  • AOC teams up with Republicans on stock ban push as momentum grows to outlaw unfair trading

    09/03/2025 1:51:25 PM PDT · by Angelino97 · 22 replies
    Daily Mail ^ | September 3, 2025 | Jon Michael Raasch
    Progressive darling Alexandria Ocasio-Cortez is teaming up with Republicans on a rare issue they have in common - taking down their colleagues who may be cashing in on insider information. Outrage has been growing about members of Congress who have been unfairly profiting from trading the very stocks they regulate. Many lawmakers have become multi-millionaires after working in Washington despite making an annual salary of just $174,000. There's been heavy scrutiny on ex-Speaker Nancy Pelosi, after her net worth nearly doubled to $265 million since 2013. Though the former speaker never tried to ban congressional trading during her tenure, she...
  • American Eagle stock soars 20% as retailer says Sydney Sweeney campaign is 'best' to date, beats earnings

    09/03/2025 1:48:17 PM PDT · by janetjanet998 · 25 replies
    American Eagle said its campaign with actress Sydney Sweeney has so far led to positive gains in new customers and sales. The clothing retailer issued fiscal second-quarter earnings that beat expectations on the top and bottom lines.
  • Panic as buyers ditch home purchases at the last minute in record as fears of 2008-style crash grow

    09/03/2025 12:34:17 PM PDT · by Angelino97 · 63 replies
    Daily Mail ^ | September 3, 2025 | Martha Williams
    Homebuyers are backing out of property purchases last-minute at a higher rate than ever recorded due to fears that a financial crash is imminent. Just four years ago, homebuyers were bidding up house prices and waiving inspections in order to quickly secure fast-selling properties. Today's buyers are moving slowly through the process — negotiating lower prices and obsessing over property details. And they are increasingly getting cold feet and backing out, even after signing contracts. In fact, 58,000 home-purchase agreements were canceled in July alone, according to data collected by Redfin. That's 15.3 percent of all homes that went under...
  • Levi's Issues Warning Over 'Rising Anti-Americanism'

    09/03/2025 10:28:33 AM PDT · by BFW · 36 replies
    News Week ^ | Sep 03, 2025 | Hugh Cameron
    The iconic denim brand Levi Strauss has warned that growing international backlash against President Donald Trump could negatively affect its sales and those of other U.S. companies. In a recent filing with the United Kingdom's national business registry, the California-based company noted the risk of "rising anti-Americanism as a consequence of the Trump tariffs and governmental policies." Levi's warned that this could increasingly push consumers in the U.K. away from American goods and toward non-American alternatives.
  • Father Ted Series Cocreator Graham Linehan Arrested for Online Posts

    09/03/2025 9:30:03 AM PDT · by nickcarraway · 14 replies
    KHQ ^ | Sep 2, 2025
    Linehan, who is known for British sitcom "Father Ted" was arrested at Heathrow Airport on Monday. LONDON, England – Graham Linehan, cocreator of the British TV sitcom Father Ted, was arrested at Heathrow Airport on Monday. Linehan, 57, is known for his controversial posts about transgender people. Police did not name Linehan, but confirmed the arrest of a man at the airport on suspicion of inciting violence on the social media platform X. Linehan has gained attention for his posts about trans women, some of which involved threats of violence. He is scheduled to appear in court on Thursday for...