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Strong jobs report fuels Fed rate hike prospects as Trump escalates rate cut pressure

A stronger-than-expected U.S. jobs report has put a September interest-rate hike back firmly on the table, leaving Federal Reserve Chair Kevin Warsh facing a difficult choice as President Donald Trump intensifies his demands for lower borrowing costs, Reuters reported.U.S. employers added 162,000 jobs in August, nearly three times what economists had expected, while the labor force participation rate rose to 61.6%. More people moved from the sidelines directly into jobs, helping keep the unemployment rate at 4.1% even as the pool of available workers expanded.The report strengthens the argument for the Fed to raise rates at its Sept. 15-16 meeting, particularly after Warsh last week said he needed confidence that inflation was moving back toward the central bank's 2% target "clearly and at sufficient speed. Otherwise, we have work to do."But the stronger labor market data arrives as Trump steps up pressure on the central bank."The Fed Board, with its great new leader...
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A Michigan farmer reclaimed his family’s 131 acres

from Economic Times https://ift.tt/3lU1pAK
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Slice closes $100M round; valuation more than halves

from Economic Times https://ift.tt/cdCnuxi
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300-year-old mystery of a ‘vampire’ burial

from Economic Times https://ift.tt/awtkWN8
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A bigot gets a taste of his own medicine

Few metaphors are as ironic as 'the shoe is on the other foot'. It conjures images of smug moralists or barking bigots suddenly discovering a giant corn on their feet. Enter Milo Yiannopoulos, once the British enfant terrible of right-wing provocation, Trump fanboy, ex-editor of Breitbart News, and defender of deportation (especially of Somali refugees), now terrified of deportation by ICE - after he was deported from the US back to Britain by ICE.If irony were a sport, this would be that Messi (own) goal. Yiannopoulos now wants our solace. 'I didn't really understand the physical reality of how institutionalised the brutality is in America,' he said this week. Yes, he didn't quite understand why he - White and far right - of all volk, got booted out by brown shirts in tactical vests. He's not even Black, let alone an illegal immigrant!Saturn can, indeed, devour his own children. This applies to everyone whose opinions are stronger than kitchen mustard. You ...
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Trump says US gave Iran many chances

US President Donald Trump on Tuesday dismissed the value of any potential agreement with Iran, saying Tehran had already been given "a lot of chances", as the United States launched fresh strikes on Iranian targets near the Strait of Hormuz."I think an agreement with them isn't worth the paper it's written on. We gave them a lot of chances," Fox News quoted Trump as saying in an interview on Tuesday.Also Read: Trump says US launches ‘large and powerful’ strikes on Iranian targets near Strait of HormuzTrump also said the US was carrying out what he described as "large and powerful" strikes on Iranian targets near the Strait of Hormuz and warned Tehran of a stronger military response if it retaliated.“The United States is, as we speak, striking Iranian Targets near the Strait of Hormuz. The strikes are large and powerful, and in retaliation for the Iranians’ failed attempt at adding sea mines to the Strait, which currently has no mines (They have bee...
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Chandra's plan to be watched by 5-member bench

New Delhi, Insolvency tribunal NCLT on Monday formed a five-member bench to decide on media baron Subhash Chandra's repayment plan in a personal insolvency case involving claims of more than Rs 22,000 crore after a division bench failed to reach a majority verdict.The division bench had referred the personal insolvency case against the Essel Group Chairman to the tribunal's president for fresh adjudication after failing to reach majority consensus on a proposed Rs 6.5 crore repayment plan despite referring the matter to a third judge.Also read: Subhash Chandra Rs 22,000 cr case: NCLT fails to get majority view on insolvency plan with 99.7 percent haircutThe five-member bench, formed for the first time in the NCLT's history, will be led by President Justice Anupinder Singh Grewal. The other members are Bachu Venkat Balaram Das, Mahendra Khandelwal, Atul Chaturvedi and Ravindra Chaturvedi. The bench will start hearing at 10:15 am on Tuesday in the Principal Bench of NCLT.Earl...
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