US JOBS FIGURES
Microsoft employee reveals how she was fired in ‘last-minute meeting’ by super boss
Microsoft layoffs: Microsoft will cut 6,000 people — about three per cent of its global workforce. An employee whose LinkedIn says she worked at Microsoft as a senior program manager shared her seven-year journey at the company. The employee revealed when she realised she was fired in a last minute call when an unfamiliar face joined the call.
This US-owned factory in China made toys for Walmart, tariffs put it on life support
Facing 145% US tariffs, toy maker Huntar Inc. halted China production, slashed jobs, and is racing to relocate to Vietnam. CEO Jason Cheung, caught between trade war crossfire, may shutter the business his immigrant father founded. Like many, he’s running out of time, money—and hope.
US inflation starting to stir as Trump tariff threat looms
US consumer prices are expected to have increased in April, with economists anticipating a more pronounced impact from higher tariffs over time. This has led to growing consumer apprehension about inflation and the economy. Meanwhile, companies are navigating the challenge of mitigating tariff costs through price hikes while trying to avoid deterring consumers.
Trump gets compared to Lincoln by Fox News
Donald Trump likened his initial days as president to those of Abraham Lincoln. This comparison follows praise from a Fox News host. Trump shared this on Truth Social. His approval ratings are historically low. Trade talks between the US and China are ongoing in Switzerland. Trump seeks a "total reset" of trade relations.
Pope Leo XIV is a tennis player. Tsitsipas would be happy to hit some balls with him
The newly elected Pope Leo XIV, formerly missionary Robert Prevost from Chicago, is an avid tennis enthusiast. His election coincided with the Italian Open, where players like Stefanos Tsitsipas expressed interest in playing with him. Coco Gauff, U.S. Open champion, hopes the Pope will attend women's tennis matches, while the Foro Italico displayed news of Leo's election during the tournament.
This is the exact salary the first American Pope, Leo XIV, will receive
Pope Leo XIV salary has become a trending topic after Cardinal Robert Francis Prevost was elected the first American pope. Along with leading the world’s 1.3 billion Catholics, he now has the chance to earn a hefty 30,000 ($33,800) per month—about $405,600 a year. But it’s not just the paycheck making headlines. The pope gets perks like the Popemobile, free meals, luxury housing, and a private pharmacy. Even in retirement, he’ll receive a Vatican-funded pension and full support. This story dives deep into how Pope Leo XIV's salary and benefits stack up against world leaders and tech giants.
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Mark Carney in dire straits: Canada, one of the largest and richest countries in the world, added just 7,400 jobs in April as unemployment rate rises to 6.9%
Mark Carney in dire straits as Canada’s economy struggles with a slowdown in job growth. In April, the country added only 7,400 new jobs while the unemployment rate rose to 6.9%, its highest since November. U.S. trade tariffs on Canadian steel, aluminum, and autos are hitting hard, especially in manufacturing, which lost 31,000 jobs. Wage growth stayed flat and more people are struggling to find work. As pressure builds, many expect a Bank of Canada rate cut in June. This article breaks down all the key numbers, what’s causing the economic stress, and what might come next for Canada.
Weekly Tarot Predictions: 12–18 May 2025 – Weekly Predictions – Past Lessons, Present Truths & Future Possibilities for Every Zodiac Sign
Tarot Weekly Horoscope, 12th-18th May 2025: This week is not just about events—it’s about emotional responses, inner clarity, and the courage to evolve. Transformation is rarely tidy, but it’s often necessary. Let the disruption lead to discernment, and the discomfort to deep inner realignment. Something wiser is waiting to be born
OpenAI CEO Sam Altman and other US tech leaders testify to Congress on AI competition with China
OpenAI CEO Sam Altman and tech leaders from Microsoft, AMD, and CoreWeave told US lawmakers that AI could surpass the internet in societal impact, urging unified regulation and major infrastructure investment. They warned that fragmented rules and restrictive trade policies could weaken America's global leadership amid fierce competition, especially from China.
Donald Trump announces a comprehensive trade deal with Britain; here is the total breakdown, how will both the nations benefit?
Donald Trump UK trade deal headlines global news as the U.S. and Britain seal a major post-Brexit economic pact on VE Day. The deal slashes tariffs on UK car and steel exports, opens UK doors to U.S. beef and ethanol, and boosts tech ties in AI, 5G, and aerospace. Both countries aim to grow jobs, exports, and investment while reinforcing a strategic alliance. With tariff reductions and deeper cooperation across key sectors, this agreement sets the stage for stronger economic futures on both sides of the Atlantic. Dive into how this historic trade deal impacts industries, jobs, and global trade dynamics.
Daily Tarot Horoscope for May 8, 2025: A Day of Realizations, Renewed Hope, and Emotional Healing
Tarot Horoscope Today – 08th May 2025: May 8 is a day of slow, meaningful transformation. The Tarot encourages everyone of us to stop, think, and realign with the Virgo Moon affecting our feelings and ideas. Whether it is letting go of what no longer serves or stepping into the unknown, today's energy encourages honesty, balance, and deliberate action forward.
Lahori’s funding fizz; Info Edge’s windfall
Beverage brand Lahori has raised Rs 200 crore from Motilal Oswal Wealth. This and more in today’s ETtech Top 5.
AI job loss: 40% of roles at risk, experts warn
AI's rapid growth is raising alarms about job loss, with experts warning up to 40% of roles could be affected globally. While fears of displacement are high, particularly in India, some see AI as a tool to improve work efficiency. The challenge lies in adapting to these changes while protecting jobs.
'Bombshell' OPEC+ output hike hits oil price
Oil prices fell due to increased production by OPEC+ members. Asian stocks showed mixed performance with major markets closed. Saudi Arabia and Russia are among those increasing output. Concerns about oversupply and a potential global economic slowdown are impacting the market. Wall Street had a strong week, while European markets also saw gains.
Dollar recovers some losses, stocks gain as traders eye tariff deals
The dollar rose in Asia on Tuesday fuelled by hopes for trade deals to avert Donald Trump's sweeping tariffs, while equities mostly rose as investors await the Federal Reserve's latest policy decision. Equities mostly rose, with Hong Kong and Shanghai leading the way as investors returned from a long weekend.
Oil prices drop $2 with most Asian markets closed for holidays
Crude oil prices declined following OPEC+'s decision to boost production. US futures also experienced a dip. Global markets showed mixed performance with losses in Australia and Taiwan. Wall Street extended its winning streak amid trade war concerns. Job growth in April was solid, but trade tensions continue to loom.
Wall Street predictions for next week: After 9 days of straight gains, will the S&P 500 and Nasdaq continue the momentum? Here are the key pointers
Wall Street rally hits a 9-day winning streak, its longest since 2004, bouncing back from losses caused by President Trump's trade war escalation in April. Driven by strong job data and fresh hopes for easing U.S.-China tensions, the stock market recovery saw the S&P 500 rise 1.5%, the Dow Jones climb 1.4%, and the Nasdaq gain 1.5%. Despite a few weak earnings and ongoing tariff uncertainty, investors remain cautiously optimistic. This detailed breakdown explores what's fueling the momentum, how tariffs and jobs data are shaping trends, and what it means for the economy ahead.
Donald Trump's blunt 8-word message to Fed Chair Jerome Powell after jobs shocker: 'Lower rates or else'
Donald Trump has again pressured Federal Reserve Chairman Jerome Powell. This followed the release of positive US jobs growth data. Trump believes the Fed should lower interest rates. Strong jobs numbers have fueled speculation about potential Fed rate cuts. However, the Fed paused cuts in 2025 due to inflation risks. Consumer confidence has dropped significantly this year.
Study links the genius of Ratan Tata, Steve Jobs, Bill Gates, and Mark Zuckerberg to this quirky trait: Do you share this success secret?
A new study reveals that left-handed CEOs like Steve Jobs, Bill Gates, and Ratan Tata may owe part of their success to their dominant hand. Researchers found left-handed leaders drive more innovation, unique patents, and stronger financial returns. The surprising link suggests that being left-handed could play a subtle but significant role in shaping visionary leadership.
Elon Musk's next task? Reviving Tesla in Europe where sales have plunged by more than half in a year
Tesla's European sales plummeted in April, with significant drops in Sweden, the Netherlands, Denmark, France, and Norway, raising concerns about the company's future. Analysts attribute the decline to factors like an aging model lineup, increased competition, factory shutdowns, and potential backlash from Musk's political involvement.
US stocks climb higher on tariff, jobs data optimism; Dow Jones, S&P up 1% each
US stock indexes opened higher on Friday, as signs of a de-escalation in the trade war with China and a stronger-than-expected jobs report calmed concerns around the economic toll of tariffs.
Gold price today: Why is gold falling for the third straight day despite weak US data and Fed rate cut hopes?
Gold price today dropped for the third day straight, slipping to a two-week low near $3,232 as hopes for a US-China trade deal boosted market confidence. Despite weak US economic data and signs the Fed may cut rates soon, gold struggled to attract buyers. A stronger US Dollar and President Trump’s trade optimism pushed investors away from the safe-haven metal. With key data like Nonfarm Payrolls and ISM PMI around the corner, traders are closely watching the next move.
'No inflation, Fed should...': Trump says US economy is in 'transition stage', boasts 'strong' job numbers
The US economy added 177,000 jobs last month, down slightly from a revised 185,000 in March. Shortly after the figures were released, Trump took to Truth Social to boast of 'strong' employment figures, claiming that there is 'no inflation'. He said the US economy is in a 'transition stage' and was again outspoken in his calls for the Federal Reserve to lower interest rates.
Dollar poised for third weekly gain as tariff concerns ease
The U.S. dollar is on track for a third consecutive weekly gain, buoyed by positive developments in trade talks and encouraging economic data, easing concerns about the U.S. economy. Wall Street experienced a rally driven by strong tech earnings and a better-than-expected manufacturing report.
Gold price forecast: Why did gold fall below $3,300 and what Trump's new China tariffs and upcoming US jobs data mean for gold’s next big move
Gold price forecast: Gold price slipped below $3,300 this week, raising eyebrows across markets. Investors are now closely watching US economic data, the dollar's strength, and Trump’s fresh trade moves. This dip comes after gold's record-breaking rally, but shifting risk sentiment and easing geopolitical fears have shaken its safe-haven status. With rate cut hopes still alive and global cues uncertain, will gold rebound or drop further?
Dollar takes a breather; yen waits on BOJ
The dollar stabilized despite weak U.S. data, buoyed by hopes of easing trade tensions, particularly with China. Investors are closely watching upcoming U.S. jobs data and the Bank of Japan's meeting, as these events could influence currency valuations. The Australian dollar saw a slight increase due to inflation data, while the New Zealand dollar remained stable.
U.S economy in dire straits? Housing market roiled as mortgage demand drops and hiring slows
US housing market faces headwinds as mortgage applications decline amid economic uncertainty and a weakening labor market. Despite relatively flat mortgage rates, consumer confidence is dampened, leading to subdued home purchase activity. Refinancing also slows, with borrowers awaiting more significant rate drops, while concerns rise over slower wage growth and its impact on hiring decisions.
Gold prices decline by Rs 900 to Rs 98,550/10 g in Delhi on Akshaya Tritiya
Gold prices in Delhi fell by Rs 900 to Rs 98,550 per 10 grams due to weak global trends, though Akshaya Tritiya buying limited the decline. Jewellers anticipate a 35% increase in sales value, driven by high prices, while volume remains steady. Silver also slumped by Rs 4,000 to Rs 98,000 per kg.
US consumer confidence plunges to lowest in 5 years on tariff worries
American economy faces challenges. Consumer confidence declined for the fifth month. It reached its lowest point since May 2020. Tariffs impacted consumer expectations. Many anticipate price increases. Recession worries are growing among Americans. Economic growth data for the first three months will be released. A slowdown is expected due to reduced consumer spending.
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