Business > U.S.

Trump Takes Credit for Shock Job Gain, Reasserting His 2020 Case

1 month ago   |   By Bloomberg

President Donald Trump said he expects the U.S. economy to recover from the coronavirus outbreak even faster than predicted after Friday's jobs report showed a surprise gain of millions of jobs - but he warned against electing Democrats in November.
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Republicans cheer latest unemployment data

Republicans cheer latest unemployment data

1 month ago   |   By Politico

Republican congressional leaders were ecstatic with Friday's unexpectedly positive jobs report, coming after months of grim news over the coronavirus pandemic and the imploding U.S. economy.
What the surprisingly strong economic data will do to the political landscape remains to be seen, and Democrats cautioned that the unemployment rate is still far worse than the level hit during the Great Recession of a decade ago.
Yet top GOP lawmakers were quick to praise the news - and credit their coronavirus relief efforts with bringing back jobs.
“INCREDIBLE. The Great American Comeback is...
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'It's going to be ugly,' analyst says as mortgage rates suddenly spike on shocking jobs report

1 month ago   |   By CNBC

What's good news for the U.S. economy is suddenly bad news for mortgage rates. A far-better-than-expected May employment report only added to a growing sell-off in the bond market, pushing bond yields to the highest level since March.
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Pence says jobs report indicative of U.S. economy beginning to recover

1 month ago   |   By Reuters

U.S. Vice President Mike Pence said the jobs report released on Friday was a sign the U.S. economy was beginning to recover from the deep hit caused by the novel coronavirus outbreak, but said President Donald Trump is still in favor of a payroll tax cut.
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New survey on Hong Kong security law shows business has concerns-but isn't...

New survey on Hong Kong security law shows business has concerns-but isn't taking action

The new national security law in Hong Kong is worrying the city's business community. Seventy-six percent of respondents to a new survey conducted by the American Chamber of... Read more ...

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Trump just wore a mask in public for the first time since the coronavirus...

Trump just wore a mask in public for the first time since the coronavirus pandemic began

President Donald Trump wore a mask in public for the first time on Saturday during a trip to the Walter Reed National Military Medical Center. He has been reluctant to wear a... Read more ...

US Surgeon General Jerome Adams says the US can turn coronavirus around in...

US Surgeon General Jerome Adams says the US can turn coronavirus around in '2 or 3 weeks if everyone does their part'

Surgeon General Jerome Adams said Sunday that the US could turn around novel coronavirus infections in two to three weeks if "everyone does their part." Adams appeared Sunday... Read more ...

UFC 251 bonuses: Rose Namajunas-Jessica Andrade war nets 'Fight of the...

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UFC 251 was an eventful evening, and it ended, per usual, with four fighters taking home bonus money. Rose Namajunas and Jessica Andrade met up on the evening's main card in a... Read more ...

The UK's $39 billion tax gap has left a 'financial black hole' for its...

The UK's $39 billion tax gap has left a 'financial black hole' for its already-battered economy

The UK's tax gap, which shows the balance between the amount of tax expected and actually paid, fell to a five-year low of $39 billion in the year 2018-19, official data... Read more ...

Trump just wore a mask in public for the first time

Trump just wore a mask in public for the first time

Subscribe to Outbreak , a daily roundup of stories on the coronavirus pandemic and its impact on global business, delivered free to your inbox. President Donald Trump wore a... Read more ...

Mitt Romney joins Democrat lawmakers in slamming Trump's decision to commute...

Mitt Romney joins Democrat lawmakers in slamming Trump's decision to commute Roger Stone's sentence as 'unprecedented, historic corruption'

President Donald Trump's decision on Friday to commute the sentence of former Republican strategist Roger Stone sparked outrage across top lawmakers. The negative reaction... Read more ...

Portsmouth business owners frustrated with customers arguing about wearing masks

Portsmouth business owners frustrated with customers arguing about wearing masks

Business owners in Portsmouth are expressing frustration over customers who don't want to wear a mask; while many have been following the guidelines, some have been giving... Read more ...

Trump confirms he ordered a cyberattack on a notorious Russian troll farm...

Trump confirms he ordered a cyberattack on a notorious Russian troll farm during the 2018 midterms

President Trump confirmed in an interview with the Washington Post that the US launched a cyberattack against infamous Russian troll farm the Internet Research Agency during... Read more ...