After a pause in layoffs in late spring, early summer, U.S. government jobs are again on the chopping block.
Tag: U.S. Economy
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WALL STREET BANKS SEE A HAPPY EARNINGS SEASON AHEAD
Investment banks are not letting weakening consumer spending or debris from Donald Trump’s trade war spoil their sunny view of Wall Street’s earning season that begins this week.
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ECONOMIC UPDATE—MARKET OVERVIEW
As the old saying goes; “You can’t make this shit up.” But as we have detailed since Donald Trump won the race to the White House in 2024, with every passing day—from the Tariff War to the Israel War, to the Ukraine War to the Yemen War, to the Iran War—another day, another promise and another broken promise.
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SPOTLIGHT: CRYPTO GOES MAINSTREAM
Crypto services company BitGo, stablecoin issuer Circle, and Ripple, a crypto payments business, have applied to be chartered as U.S. banks, the Financial Times reported.
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SPOTLIGHT: BIGS GETTING BIGGER
Stock market churn, geopolitical strife, and Donald Trump’s chaotic tariff war have not hobbled the U.S. market for corporate mergers and acquisitions.
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SPECIAL REPORT: TRUMP SIGNS BIG BEAUTIFUL BILL INTO LAW
In a made-for-television event, Donald Trump signed his “big, beautiful bill” into law on a White House terrace as military planes flew above and beaming Republican legislators surrounded Trump and applauded.
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DEL MONTE FOODS U.S. OPERATION GOES BELLY UP
The U.S. branch of Del Monte Foods, the processed foods division of Del Monte Pacific, has filed for Chapter 11 bankruptcy after it was unable to survive consumers’ prolonged post-2023 slowdown in grocery purchases.
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U.S. COMPANIES SCALE BACK HIRING PLANS
June’s jobs report showing a respectable 147,000 jobs added for the month included a sobering fact: a large swath of private-sector employers are not hiring.
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U.S. ECONOMY GROWS 147,000 NEW JOBS IN JUNE
U.S. employers took on 147,000 new nonfarm workers last month, beating analysts’ estimate of 110,000 and edging ahead of May’s upwardly adjusted 144,000. April’s total also was revised higher by 11,000 to a total of 158,000.
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ECONOMIC UPDATE—MARKET OVERVIEW
Love Trump, hate Trump, believe him, don’t believe him, by his deeds you shall know him.