Employers Added Fewer Jobs Than Reported, Updated Data Shows
The U.S. economy probably added close...
The U.S. economy probably added close to a million fewer jobs in 2024 and early 2025 than previously reported, the latest sign that the labor market, until recently a bright spot in the economy, may be weaker than it initially appeared.
The revised data was released by the Bureau of Labor Statistics as part of a longstanding annual process known as benchmarking. But the big downward adjustment comes at an awkward moment for the agency, just weeks after President Trump fired its top official following a separate set of negative revisions last month.
The data released on Tuesday showed that employers added 911,000 fewer jobs in the 12 months through March than had been indicated in the monthly payroll figures. That implies the economy added only about 850,000 jobs during that time — half as many as previously reported.
Oil Spikes As Explosions Rock Doha; Israel Targets Top Hamas Leaders In Assassination Operation
Multiple explosions have been reported in Doha, Qatar on Tuesday, according...
Multiple explosions have been reported in Doha, Qatar on Tuesday, according to eyewitnesses cited by Reuters. Initial reports suggest a missile strike or series of possible aerial strikes. Brent Crude futures were trading at $67.20 per barrel, up $1.18 at 10:30 AM ET.
Axios journalist Barak Ravid, referencing Israeli officials, reported that the blasts were believed to be part of an assassination attempt targeting Hamas members. Netanyahu is really going gloves off at this point, it appears, and all negotiations seem definitively off.
Channel 12 is citing an Israeli official who says US President Trump gave the green light for the attack on Hamas leadership. There are emerging reports that that US and UK surveillance planes were in the air over the Gulf at the time of the strike.
The attack has resulted in the US Embassy in Doha issuing a shelter-in-place order for US citizens in the country. The UAE is also said to be furious over the attack. It has condemned the "treacherous" attack by Israel.
Israel Channel 12: Hamas Gaza leader Khalil al-Hayya was the primary target of the Israeli attack on Doha.
N.M. braces for revenue losses from royalty rate cuts
New Mexico officials are concerned that cuts to federal oil and natural...
New Mexico officials are concerned that cuts to federal oil and natural gas royalty rates could strip the state of critical revenue tied to production on public land. Economists project losses of $1.7 billion over the next decade and as much as $5.1 billion by midcentury, threatening funding for schools and health care. Industry representatives argue that lower rates could spur more drilling, but state officials remain skeptical.
Israeli Military Orders Residents of Gaza City to Evacuate
The Israeli military issued a sweeping...
The Israeli military issued a sweeping evacuation order for Gaza City on Tuesday, signaling that it was moving ahead with its full-scale invasion of the largest city in northern Gaza.
The order will force hundreds of thousands of people to decide whether to risk staying in the city or to flee south to areas that are already overcrowded. Many of those areas are also in ruins.
France’s government collapsed amid fiscal pressures. French...
France’s government collapsed amid fiscal pressures. French Prime Minister Francois Bayrou lost a confidence vote in Parliament, which will force President Emmanuel Macron to name a new premier in the country’s third change of government in just over a year. Bayrou’s ousting came after he proposed unpopular spending cuts and tax hikes to address the country’s mounting debt. Whoever comes next will still have to face the political challenge of passing a budget.
A suggestive letter and drawing that was purportedly signed by President Trump from a book created in 2003 to celebrate Jeffrey Epstein’s 50th birthday was released publicly yesterday by House Democrats. The president has denied writing or signing the letter and sued the Wall Street Journal for reporting on it.
SpaceX has agreed to pay $17 billion to buy wireless spectrum and mobile satellite service spectrum licenses from EchoStar to boost Starlink’s satellite network and direct-to-phone service.
At least six Israelis were killed by Palestinian gunmen at a Jerusalem bus stop. The attack, which was not claimed by Hamas, was the deadliest in Israel since October 2024 amid Israel’s war in Gaza and expanding settlements in the West Bank.
PNC has inked a deal to buy Colorado-based FirstBank for $4.1 billion, expanding its presence in Colorado and Arizona as the regional bank seeks to grow.
Kissing bugs may sound fun, but you’re going to want to avoid them, as the insects have been spreading potentially deadly Chagas disease in the US, according to a CDC report.
