Sofía Carvajal

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 meets next week and again in July, is that wages rose 4.1% from a year ago, a sign that inflation may not yet be defeated. “For those who thought they would see a rate cut in July, that door has largely been closed,” said Beth…

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 legitimacy. Years of economic hardship and harsh social restrictions have left many Iranians disillusioned with politicians' broken promises. For some, abstaining from voting is a way of expressing their rejection of the government. Reports from Tehran indicated empty polling stations, with some voters defying dress…

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 visiting the restaurant as if they were making a pilgrimage. Donations appeared at the door: spices to season the filling of empanadas, a 33-pound bag of cornmeal. Then funds began to arrive from Colombia, Brazil, Mexico and even Germany. Many people sent in orders of…

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 2.7% gain in April. Excluding the more volatile prices of food and fuel, the “core” inflation measure also rose 2.6% year-over-year, down from 2.8% in April. On a monthly basis, inflation remained remarkably subdued, with overall prices not showing any significant increase. The Federal Reserve…

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 been confirmed. Abul Kashem, Bhuiya's landlord, said he took Bhuiya to the hospital on Sunday after Bhuiya experienced chest pains. Last year, Bhuiya told local media that he was 74, but his national identity card, provided by Kashem, indicated that he was 66 at the…