June 2024
Hiring in the United States is rising sharply, along with wages
Employers added 272,000 jobs last month, the Labor Department reported Friday, well above what economists had expected as hiring had gradually slowed. That was up from an average of 232,000 jobs in the previous 12 months, muddying the picture of an economy easing into a more sustainable pace. Most worrying for the Federal Reserve, which…
Iran votes in presidential elections amid low turnout
Iran’s presidential election on Friday saw remarkably low turnout, with initial estimates indicating that only about 25% of eligible voters participated. This is a significant drop from the 70% turnout recorded in previous elections and falls short of the 50% target set by the ruling clerics, who view voter participation as a measure of their…
A restaurant challenges the president of Venezuela by selling empanadas
Representatives from the IRS did not respond to our email seeking comment. The Hernández sisters were initially devastated. But they filmed their interaction with regulators and sent it to one of their daughters. The young woman decided she could share her family’s experience with friends. The video quickly spread online and soon outraged supporters were…
The Fed’s preferred inflation measure shows signs of cooling
The Federal Reserve’s preferred measure of inflation continues to show signs of cooling, accompanied by moderate growth in consumer spending – welcome news for central bankers aiming to control rising prices and curb demand. The personal consumption expenditures (PCE) index rose 2.6% year-over-year in May, in line with economists’ expectations and down slightly from a…
Shahjahan Bhuiya, TikTok-Famous Hangman, Dies in Bangladesh
Shahjahan Bhuiya, who rose to fame by executing some of Bangladesh’s most notorious criminals in exchange for reduced sentences for his own crimes and later gained brief fame on TikTok, died on Monday in Bangladesh’s capital Dhaka. The National Police announced Tuesday that the cause of his death, which occurred in hospital, has not yet…