Robust Hiring Reinforces Strength of the U.S. Economy
Employers added 162,000 jobs and unemployment held at 4.1 percent last month, signs of a stability that contrasted with high inflation weighing on households and markets.
Trump Threatens to Halt Some Trade Unless the Fed Cuts Rates
The president said he could halt trade between the United States and countries with which it has a trade deficit if the central bank doesn’t do his bidding.
Former Labor Secretary Stoked Dysfunction and Toxicity, Department Report Finds
Lori Chavez-DeRemer spent Labor Department funds on personal travel and tolerated harassment in the agency, its inspector general found.
Dutch Central Bank Cuts Gold Reserves in U.S., Citing ‘Geopolitical Unrest’
The Netherlands moved some 90 tons of gold out of the Federal Reserve Bank in New York, the second European nation this year to announce it had decreased or eliminated U.S. gold holdings.
Schools Giving Aid to Minority Students Could Lose Tax Exemptions Under Trump’s New Rules
The Treasury Department released rules that would prevent schools with race-based programs from qualifying for tax-exempt status, a threat to both higher education and other private schools.
U.S. Trade Gap Ballooned in July
The trade deficit bounced back up last month as spending on data centers to feed the A.I. boom drove up imports.
At G20 Meeting, Scott Bessent Accuses China of Flooding the World With Cheap Exports
Treasury Secretary Scott Bessent accused China for flooding the world with its cheap exports.
At G20 Summit, Scott Bessent Says U.S. Has Support for Economic War Against Iran
The Treasury secretary is also facing pushback on the Trump administration’s trade policies at the global gathering.
U.A.E. To Review Banque Misr, Targeted by Iran Sanctions
The Treasury Department accused Banque Misr’s branches in the United Arab Emirates of helping Iran. The Emirati central bank promised an examination.