US job growth exceeded expectations with 172,000 new jobs in May and an average of 188,000 over the last three months, reflecting strong business profitability fueled by tax cuts under former President Trump. These policies, including corporate tax reductions and full depreciation allowances, have boosted business hiring and wage increases, with average hourly earnings up 3.4% and total wage income rising 4.3%, outpacing inflation. The unemployment rate stands at 4.3%, and native-born employment has grown despite a decline in foreign-born workers. The emphasis on profitable businesses as the foundation for job creation and wage growth highlights the importance of supply-side economic measures for sustained growth.
The global automotive microcontrollers market is projected to grow from USD 15.49 billion in 2025 to USD 34.31 billion by 2035, at a CAGR of 8.28%. Growth is fueled by increasing adoption of advanced driver-assistance systems (ADAS), vehicle electrif...
Sodexo has secured a major global contract to provide catering services across more than 130 Meta sites in over 30 countries. This large-scale partnership includes diverse locations such as headquarters, campuses, data centers, and conference centers...
The producer price index (PPI) dropped by 0.3% in June following a slowdown in May, signaling easing inflation alongside a recent deflationary consumer price index (CPI) report. Real average hourly earnings rose 0.8% in June, marking the best wage ga...
President Donald Trump revealed that the US conducted another strike on Iran within 24 hours, aiming to dismantle the Iranian Revolutionary Guard Corps (IRGC), which he claims has lost about 90% of its weapons capabilities. Speaking at the Pennsylvan...
Ondo Finance announced the launch of the first tokenized equity representations using DTC tokenized entitlements, part of the DTCC Tokenization Service. This milestone pushed the ONDO token price up by about 5% and increased trading volume by 51.7% i...
