President Trump fired the top Bureau of Labor Statistics official on Friday, after the agency issued a weak jobs report. Plus, how U.S. tariffs could sink Lesotho’s textile industry.
The Bureau of Labor Statistics reported weak July job growth and made downward revisions for May and June. President Trump, upset about the revisions, fired the head of that agency.
The Trump administration set August 1 as the deadline for countries to strike new trade agreements with the U.S. Some met the deadline, and others did not.
Meta and Microsoft shares jumped Thursday following strong quarterly earnings, with both companies attributing the gains to AI-driven productivity and revenue growth.
The central bank chose not to cut rates, given the uncertain effects of tariffs and a resilient overall economy. But the committee's decision was not unanimous.
