The Job market in the U.S. continues to be buoyant, despite rising prices and a sharp spike in borrowing costs weighing on the economy. Employers added 339 thousand jobs, but the unemployment rate rose to 3.7 percent, from April’s unusually low 3.4 percent. The increase in number exceeded expectations, thus showing a long run in hiring, notwithstanding the Fed’s attempt […]
The conflict is creating a humanitarian crisis and continues with no signs of abating in its seventh week. Sudan’s conflict has continued for a seventh continuous week, where fighting has propelled the nation into an all-out war since fighting between dueling generals from the Sudanese army and its rival paramilitary Rapid Support Forces (RSF) broke out on April 15. The […]
U.S. consumer spending increased more than expected in April, boosting the economy’s growth prospects for the second quarter, and inflation picked up, which could prompt the Federal Reserve to raise interest rates again next month. The growth picture was further brightened by other data from the Commerce Department today showing a surprise rebound last month in orders of manufactured non-defense […]
Fitch Ratings has put the U.S. credit rating at risk of downgrade because of the potential that the U.S. government will not be able to come to an agreement to raise its debt limit and be able to pay its bills. Fitch said Wednesday it “still expects a resolution” but that there is an increased risk the debt limit will […]
U.S. based streaming platform Netflix says its new strategy of offering cheaper, ad-supported tier of membership has yielded positive result. The company says it’s seeing almost five million active users per month. Netflix launched this lower priced subscription option with commercials last November in 12 markets, including the U.S. It was designed to attract more customers and add a new […]
WASHINGTON — U.S. President Joe Biden said Sunday that opposition Republicans in the House of Representatives must move away from their “extreme position” on government spending in order to reach a deal with Democrats to raise the country’s borrowing limit before it runs out of cash to pay its bills. The government could come up short to meet its financial […]
Job creation in the U.S. remained robust last month, despite turmoil in the banking sector and the impact of higher borrowing costs. Employers added 253,000 jobs, which was better than many analysts had expected. The unemployment rate fell to 3.4%, returning to a multi-decade low. Support The Readers Bureau. Buy A T-Shirt Today (4 different colors)! click https://www.bonfire.com/one-love-72/?fbclid=IwAR2bod-XSyrCPutOwG_SMnKiInk6Bqe2kCtjBsAFISqHluQcujrF2UUkFew Readers Bureau, […]
The US central bank has said it failed to act with sufficient force and urgency in its oversight of Silicon Valley Bank, which collapsed last month in the country’s biggest bank failure since 2008. The conclusion is one of the main findings from the Federal Reserve’s investigation of the episode. The panic it sparked has raised wider concerns about the […]
The U.S. ambassador to Kyiv, Bridget Brink, condemned Russia’s overnight missile attack and called it “barbaric.” On Twitter, Brink said, “Russia again launched missiles in the deep of night at Ukrainian cities where civilians, including children, should be able to sleep safely and peacefully.” “I am grateful for those who protect Ukraine’s skies, and the United States will continue to […]
Meta Platforms Inc (META.O) has recently launched its subscription service in the U.S., which would allow Facebook and Instagram users to pay for verification a la Elon Musk-owned Twitter. The Meta Verified service will give users a blue badge after they verify their accounts using a government ID and will cost $11.99 per month on the web or $14.99 a […]
