The U.S. economy added 227,000 jobs in November, surpassing economists’ forecast of 215,000, the Department of Labor reported Friday. The unemployment rate edged up slightly to 4.2%, as more individuals entered the workforce.
The Boston City Council voted unanimously this week to reaffirm the "Trust Act," a local law aimed at restricting cooperation with federal immigration enforcement. The move comes as city leaders brace for the impact of President-elect Donald Trump’s planned mass deportations.
Migrants enticed by lax border policies under President Joe Biden now find themselves stranded in dangerous conditions, unable to enter the U.S. and too burdened to return home. Promises of open borders have left millions in limbo as tighter policies take hold following the 2024 election.
Mexican authorities announced the seizure of more than a ton of fentanyl pills in Sinaloa during two raids on Tuesday. The bust is one of the largest in the country’s history, as soldiers and marines confiscated the synthetic opioid in a state long dominated by drug cartels.
All three major U.S. stock indexes closed at record highs on Wednesday, fueled by a strong rally in technology shares and encouraging comments from Federal Reserve Chair Jerome Powell. Salesforce’s positive earnings report and upbeat market sentiment contributed to the surge, while Powell’s remarks on the economy provided an additional boost.
President-elect Donald Trump announced Wednesday the nomination of Paul Atkins, a former Securities and Exchange Commission (SEC) commissioner, to head the agency
President-elect Donald Trump has reaffirmed his opposition to the proposed $14.9 billion acquisition of U.S. Steel by Japanese company Nippon Steel. Trump pledged to block the deal, continuing the stance taken by the Biden administration earlier this year. He proposed stronger tariffs and tax incentives to reinvigorate the iconic steel company and prevent it from relocating its operations out of Pittsburgh.
China announced Tuesday a ban on exporting certain minerals and metals to the U.S., escalating the ongoing trade and tech war. The targeted materials—germanium, gallium, antimony, and superhard substances—are vital for manufacturing semiconductors, batteries, and military hardware.
