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Investments and Business

Trump says the Bureau of Labor Statistics orchestrated a ‘scam.’ Here’s how the jobs report really works

The truth about the jobs report after Trump’s ‘scam’ accusation at the Bureau of Labor Statistics

Albert T. Gudmonson

Ex-President Donald Trump has once more questioned the reliability of U.S. federal economic statistics, this instance alleging that the Bureau of Labor Statistics (BLS) has distorted employment numbers to deceive…

E.U. will pause retaliatory tariffs against U.S. as trade talks continue

Investments and Business

E.U. pauses U.S. tariffs as trade negotiations move forward

Albert T. Gudmonson

The European Union has decided to temporarily stop applying retaliatory tariffs on products imported from the United States, indicating a tactical break in a prolonged trade disagreement across the Atlantic.…

Ontario cancels internet deal with Musk's Starlink as part of U.S. tariff fight

Investments and Business

Ontario terminates Starlink internet partnership in U.S. tariff row

Albert T. Gudmonson

The province of Ontario has officially ended its agreement with Starlink, the satellite internet provider operated by Elon Musk's SpaceX, in what officials describe as a necessary response to escalating…

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Investments and Business

Trump fires labor statistics chief after weak jobs report release

Albert T. Gudmonson

Una medida que ocasionó reacciones inmediatas en todo Washington fue la decisión del ex presidente Donald Trump de destituir al director del Bureau of Labor Statistics (BLS) solo unas horas…

The U.S. job market was weak in July, and previous months were worse than thought

Investments and Business

U.S. labor market struggles in July, previous data downgraded

Albert T. Gudmonson

The latest update on the U.S. labor market has painted a less optimistic picture than expected. In July, job creation slowed, and data from previous months was adjusted to show…

Investments and Business

Ontario pulls out of Starlink internet deal as U.S. tariff tensions rise

Albert T. Gudmonson

Wall Street edges back from its records as a busy week picks up momentum

Investments and Business

Wall Street steps down from highs while busy week advances

Albert T. Gudmonson

U.S. stocks saw a slight decline after achieving record highs recently, as investors managed a hectic week packed with corporate earnings reports, economic news, and continuing discussions about potential changes…

Crypto kidnapping: How armed gangs are hunting the internet's high rollers

Investments and Business

Crypto kidnapping: Armed gangs on the trail of crypto-rich targets

Albert T. Gudmonson

In today’s digital economy, cryptocurrencies have created a new class of millionaires. But this digital wealth has also attracted a dangerous kind of attention — not from hackers, but from…

India overtakes China as biggest smartphone exporter to the United States, report says

Investments and Business

Report: India beats China as largest smartphone exporter to the US

Albert T. Gudmonson

India has become the leading exporter of smartphones to the United States, surpassing China for the first time. This is according to a recent industry report that emphasizes the changing…

Union Pacific to buy Norfolk in billion mega U.S. railroad deal

Investments and Business

$85 billion mega U.S. railroad deal: Union Pacific purchasing Norfolk

Albert T. Gudmonson

In a strategic move poised to reshape the U.S. rail industry, Union Pacific has agreed to acquire Norfolk in a landmark deal valued at $85 billion. This consolidation marks one…