💵 The New York Stock Exchange ended sharply lower on fresh concerns that a return of inflation would likely to lead to a premature rise in interest rates.
▪️ The Dow Jones index fell -1.36%, or 473.66 points, to 34,269.16 points.
▪️ The broader S & P-500 lost 36.33 points, or -0.87%, to 4,152.1 points.
▪️ The Nasdaq Composite fell 12.43 points (-0.09%) to 13,389.43 points.
With commodity prices rising along with labour shortages, fears that inflation could lead to a premature rise in interest rates dominated the session, prompting investors to sell assets in many sectors
▪️ The Dow Jones index fell -1.36%, or 473.66 points, to 34,269.16 points.
▪️ The broader S & P-500 lost 36.33 points, or -0.87%, to 4,152.1 points.
▪️ The Nasdaq Composite fell 12.43 points (-0.09%) to 13,389.43 points.
With commodity prices rising along with labour shortages, fears that inflation could lead to a premature rise in interest rates dominated the session, prompting investors to sell assets in many sectors
👨💼 The number of available positions increased to 8.12 million during the month, but many companies have reported difficulties in onboarding new employees, and the report showed that job vacancies exceeded hires by more than 2 million, the largest gap on record.
Nearly half – 44% – of small businesses have said they could not fill open jobs in April, according to the National Federation of Independent Business
Nearly half – 44% – of small businesses have said they could not fill open jobs in April, according to the National Federation of Independent Business
🚧 US Customs and Border Protection (CBP) encountered more than 178,600 asylum-seeking migrants on the US southern border with Mexico in April, which marks the highest monthly total in 21 years, agency data revealed.
CBP released data on Tuesday that showed a total of 178,622 migrants were apprehended at the US southern border in April, the highest monthly total since early 2000
CBP released data on Tuesday that showed a total of 178,622 migrants were apprehended at the US southern border in April, the highest monthly total since early 2000
🏛 A US judge issued an order on Tuesday dismissing the National Rifle Association's (NRA) attempt to file for bankruptcy and move the organization to Texas, as he believes the organization is trying to dodge a civil lawsuit from the New York Attorney General.
"The Court agrees with the NYAG [New York Attorney General] that the NRA is using this bankruptcy case to address a regulatory enforcement problem, not a financial one," US Judge Harlin Hale wrote in the order.
"The Court agrees with the NYAG [New York Attorney General] that the NRA is using this bankruptcy case to address a regulatory enforcement problem, not a financial one," US Judge Harlin Hale wrote in the order.
Iowa and Tennessee joined the list of at least nine states that are moving toward the elimination of extra benefits ahead of the program’s scheduled expiration in September. The U.S. Chamber of Commerce has also called for an end to the payments.
“Federal pandemic-related unemployment benefit programs initially provided displaced Iowans with crucial assistance when the pandemic began,” Iowa Republican Gov. Kim Reynolds said
“Federal pandemic-related unemployment benefit programs initially provided displaced Iowans with crucial assistance when the pandemic began,” Iowa Republican Gov. Kim Reynolds said
Removing Liz Cheney from her leadership role will almost certainly confirm that the party out of power in Washington is casting its lot with the former US president.
Republicans argue the decision is about unity, and that Cheney's continuous hammering of Trump and what she calls his "dangerous and anti-democratic cult of personality" has done nothing to bring a fractured party together following a contentious election that saw them lose the White House and their House majority
Republicans argue the decision is about unity, and that Cheney's continuous hammering of Trump and what she calls his "dangerous and anti-democratic cult of personality" has done nothing to bring a fractured party together following a contentious election that saw them lose the White House and their House majority
Check out our brief summary of some of the latest news:
▪️Hundreds marched in downtown Washington, DC, on Tuesday in support of Palestinians.
▪️Amazon has reportedly suspended at least 11 Chinese tech vendors citing seller fraud.
▪️Ex-US President Donald Trump has hailed the UK's plans to introduce a requirement for photo IDs to vote in elections in order to eliminate potential fraud – and argued that the US needs such laws too.
▪️A school in San Francisco has been slammed for reopening for just one day before the end of school year – to qualify for $12 million in state reopening funds, a report says.
▪️The Pentagon will remove Chinese electronics company Xiaomi from a government blacklist.
▪️Hundreds marched in downtown Washington, DC, on Tuesday in support of Palestinians.
▪️Amazon has reportedly suspended at least 11 Chinese tech vendors citing seller fraud.
▪️Ex-US President Donald Trump has hailed the UK's plans to introduce a requirement for photo IDs to vote in elections in order to eliminate potential fraud – and argued that the US needs such laws too.
▪️A school in San Francisco has been slammed for reopening for just one day before the end of school year – to qualify for $12 million in state reopening funds, a report says.
▪️The Pentagon will remove Chinese electronics company Xiaomi from a government blacklist.
❗️Chauvin faces tougher sentence after judge finds aggravating circumstances in Floyd's death
❗️Pentagon chief voices 'ironclad support' for Israel's right to defend itself
People are taking to the streets in Bogota, Colombia, as part of a string of protests that have been sparked by the government’s decision to raise taxes to settle the cost of the coronavirus-induced economic downturn.