The job market held up in May. But the Fed may have already decided to pause
The US labor market picked up momentum in May, once again defying expectations of a slowdown. But Federal Reserve officials are still likely to suspend rate hikes in their upcoming policy meeting because of broader trends pointing to a weakened economy later in the year.
2023-06-03 04:25
Kiptum headlines Kenyan marathon team for Budapest worlds
Kelvin Kiptum, who won this year's London marathon in the second fastest time of all time, will lead the Kenyan marathon team for the World Athletics...
2023-06-03 04:25
Treasury Cash Pile Slumped to Match 2015 Low During Debt-Cap Saga
The amount of money the US government had to pay its bills plunged to the lowest level in
2023-06-03 04:24
DeSantis news — live: Judge steps back from Disney case against Florida governor as 2024 campaign tour wraps
Ron DeSantis has wrapped up his first tour of early-voting states that took him to Iowa, New Hampshire and South Carolina. At a campaign event in New Hampshire, there was a bizarre moment when a woman interrupted the governor’s speech to claim that her son’s murder was being covered up by the state of Florida. Video captured the unidentified woman being escorted out of the event by security as she threw a DeSantis hat to the ground and pulled out one supporting Donald Trump. The incident came hours after Mr DeSantis snapped at a reporter who persisted in asking him why he was posing for pictures with local voters but not taking their questions. “Are you blind?” Mr DeSantis snarled, insisting he was making himself available. The exchange was leapt upon Mr Trump, who branded his top 2024 rival “angry” at a Fox News town hall event in Iowa on Thursday evening. Back in the Sunshine State, a federal judge disqualified himself from overseeing a court case brought against Mr DeSantis by Disney. The governor is also facing mounting criticism over a sweeping new immigration law coming into effect on 1 July. Read More DeSantis lashes out at reporter on New Hampshire campaign visit: ‘Are you blind?’ Woman interrupts DeSantis speech to claim her son’s murder was covered up in Florida DeSantis says ‘petty and juvenile’ Trump can thank his own behaviour for 2020 loss
2023-06-03 04:22
Ecuador's president declines to run in snap elections after he disbands National Assembly
Ecuador's President Guillermo Lasso said Friday he will not seek reelection in the early elections prompted by his decision to dissolve the National Assembly two weeks ago. Lasso, who disbanded the assembly just when it appeared on the verge of ousting him in impeachment proceedings, announced his decision not to run in Aug. 20 balloting at a news conference surrounded by members of his Cabinet and family. “This has been the greatest honor of my life, but I love democracy way beyond the role of president,” Lasso said. "If my duty as president requires me to give up my position and protect democracy, then I will do so. Without fear and with a clear conscience.” Lasso, a conservative former banker, was elected in 2021 on a business-friendly platform and clashed from the start with the left-leaning majority coalition in the 137-member National Assembly. In May, lawmakers launched impeachment proceedings against him on allegations that he failed to intervene to end a faulty contract between the state-owned oil transport company and a private tanker company. Faced with likely removal from office on what he called frivolous charges, Lasso disbanded the National Assembly, calling it “the best possible decision,” giving Ecuadorians “the power to decide their future in the next elections.” Ecuador's constitution includes a provision that allows the president to disband the assembly during a political crisis, but then requires new elections for both the assembly and presidency. Mauricio Alarcón, an analyst with Ecuador's nongovernment organization Citizenship and Development Foundation, praised Lasso's decision to step aside, telling The Associated Press that the level of confidence in the president “had hit rock bottom.” An estimated 13.4 million Ecuadoreans will go to the polls in August to elect president, vice-president and 137 legislators. They will complete the current term of office, which end in May 2025. If no winner is declared in a first round, a second one is scheduled for Oct. 15. Read More Ukraine war’s heaviest fight rages in east - follow live Charity boss speaks out over ‘traumatic’ encounter with royal aide
2023-06-03 04:19
Advance Auto Parts Shares Are Set for Their Worst Week Ever
Advance Auto Parts Inc. had its worst weekly performance ever after a weak earnings report and an accounting
2023-06-03 04:16
Companies reach $1.18 billion deal to resolve claims from 'forever chemicals' water contamination
Three chemical manufacturing companies have reached a deal to resolve complaints of polluting many U.S. drinking water systems with compounds known as PFAS
2023-06-03 03:59
Republicans schedule 1st presidential debate for Aug. 23, but there's no guarantee Trump will attend
The first Republican presidential debate of the 2024 election cycle will be held Aug. 23, and candidates participating must pledge to support the eventual GOP nominee
2023-06-03 03:59
Dow surges over 700 points as investors cheer jobs report and debt ceiling deal
The Dow surged over 700 points mid-afternoon Friday as investors applauded Congress's passage of the debt ceiling deal and celebrated a cheerful jobs report.
2023-06-03 03:57
Twitter loses its top content moderation official at a key moment
Twitter has lost its top content moderation official just weeks before the company is set to undergo a regulatory stress test by European Union officials focused on its handling of user content, in the latest sign of turbulence at the company under owner Elon Musk.
2023-06-03 03:57
The Reason Why No Photography is Allowed in the Sistine Chapel
Visitors to the chapel will find their experience peppered with terse shouts of “No photo! No video!” from security guards.
2023-06-03 03:54
Pope adamant England in a 'regular Test' after dominating Ireland
Ollie Pope said on Friday he still felt he was involved in a "regular Test match" after his quickfire double century helped England eye a win inside three days in...
2023-06-03 03:51
