Former President George W. Bush has made a significant choice by deciding not to endorse either candidate for the presidential election, according to information provided by his office. This decision is a departure from his previous support for Republican nominees like Mitt Romney in 2012 and John McCain in 2008. The fact that he is
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The U.S. economy added fewer jobs than expected in August, with nonfarm payrolls increasing by 142,000. This was a decrease from the 89,000 jobs added in July and fell below the consensus forecast of 161,000. The unemployment rate did decrease slightly to 4.2%, and the labor force expanded by 120,000 during the month. However, the
The latest report from ADP reveals that private sector payrolls experienced the weakest growth in more than three-and-a-half years in August. With only 99,000 new workers hired during the month, the figure fell short of the downwardly revised data from July and below the expected forecast. This slowdown in job growth is concerning, as it
In recent news, two members of the U.S. Consumer Product Safety Commission have called for an investigation into the safety practices of “foreign-owned” e-commerce platforms such as Shein and Temu. The focus is specifically on the alleged sale of “deadly baby and toddler products,” raising concerns about the safety of products being sold through these
The latest data on U.S. manufacturing in August 2022 paints a grim picture of the state of the economy. According to various manufacturing gauges, U.S. factories remained in slowdown mode during the month. The Institute for Supply Management (ISM) reported that only 47.2% of purchasing managers indicated expansion in August, falling below the 50% breakeven
Recently, a panel of Brazil’s federal supreme court justices made a unanimous decision to uphold orders suspending the use of Elon Musk’s social network, X, nationwide. This decision came after the court’s top justice, Alexandre de Moraes, issued controversial suspension orders late Friday. The court had warned Musk and X to appoint a legal representative
In a recent interview on CNN’s “State of the Union,” former Democratic Rep. Tulsi Gabbard advised Republican former President Donald Trump to focus on Vice President Kamala Harris’ policy pivots in their upcoming debate. Gabbard highlighted that Harris has been attempting to distance herself from her previous positions, making it a crucial point of attack
Netflix hit a record high in August, with shares breaking above the $700 mark and reaching an intraday record of $711.33. Despite pulling back slightly, shares closed at $701.35 on Friday, marking a 44% increase year to date. This growth is particularly impressive given the intensifying competition in the streaming sector and a slowdown in
Salesforce, the business software giant, exceeded expectations in its fiscal second-quarter results. The company reported an increase in earnings per share, with $2.56 adjusted compared to the expected $2.36. Moreover, Salesforce’s revenue of $9.33 billion surpassed the estimated $9.23 billion, showcasing an 8% year-over-year growth. A notable development was the announcement of the departure of
Recent data shows that mortgage rates have fallen for the fourth straight week, with the average contract interest rate for 30-year fixed-rate mortgages decreasing to 6.44%. This marks a significant drop from rates a year ago, with rates being more than 80 basis points lower. Despite the decrease in mortgage rates, there seemed to be