The United States labor market barreled forward in January, as employers added more jobs than expected and wage growth was its strongest in more than eight years. Payrolls in the United States expanded by 200,000 last month, driven by hiring in construction, food services and health care, the US Labor Department said.
The blue chip Dow Jones Industrial Average suffered its steepest decline since June 2016 on Friday, amid wider losses in United States markets. The fall came after a string of disappointing earnings reports from giants such as Apple.
United States Secretary of State Rex Tillerson said in Mexico on Friday that immigrants bring enormous value to the U.S., but added the U.S. government lacks good discipline in regulating who enters the country to live. After meeting in Mexico City with Mexican Foreign Secretary Luis Videgaray and Canadian Foreign Minister Chrystia Freeland, Tillerson told reporters the U.S. has put many mechanisms in place over the years to control immigration, but has never gone back to clean this up.c
US Secretary of State Rex Tillerson warned Mexico on Friday to pay attention to Russian meddling in elections around the world, following comments from another US official that there were signs of such interference in the country's presidential race.
The US Department of Justice (DOJ) says it has charged eight individuals over allegations they “spoofed” or manipulated the futures markets for precious metals and share indexes. Separately UBS, HSBC and Deutsche Bank will pay a total of US$ 46.6m to settle spoofing charges against them.
By Nick Cunningham of Oilprice.com
Echoing the criticism of too much hype surrounding U.S. shale from the Saudi oil minister, a new report finds that shale drilling is still largely not profitable. Not only that, but costs are on the rise and drillers are pursuing irrational production.
After the night of Trump’s State of Union address, bipartisan clashes continue since President Donald Trump turned on the pressure on Democrats on Thursday to come to an agreement on protection for the undocumented immigrants brought to the country illegally as children.
The United States Federal Reserve said on Wednesday that it was still trying to stimulate faster economic growth as one of the longest expansions in American history neared the end of its ninth year. The Fed said after a two-day meeting of its policymaking committee that it was leaving its benchmark interest rate unchanged in a range of 1.25% to 1.5%, a relatively low level that the Fed said would help support continued job growth and stronger inflation.
Andrew McCabe, the FBI's No. 2 official whom President Donald Trump publicly criticized for alleged political bias and reportedly wanted fired, stepped down from the bureau Monday, weeks ahead of his retirement. The move followed months of blistering criticism by Trump and his Republican allies that McCabe, 49, was an anti-Trump partisan. Recent reports said McCabe had been pressured to leave the bureau.
President Trump declared America “open for business” in a speech on Friday to global to political and business elites in Davos, Switzerland, while taking a hard line on trade and vowing to make commerce with other countries “fair and reciprocal.”