Author: Newyorki

The U.S. dollar experienced a sharp reversal on Friday following disappointing labor market data, ending what had otherwise been its strongest week since Donald Trump’s election victory in November 2024. Despite a 1.5% weekly gain against a basket of major currencies—its largest since the election—the dollar index dropped 1.3% in a single day, reacting to new employment figures that signaled a notable slowdown in job growth. The Bureau of Labor Statistics reported significantly weaker-than-expected job creation, coupled with sharp downward revisions for May and June. The news raised fresh concerns about the U.S. economy’s trajectory and pushed traders to reprice…

President Donald Trump has triggered a new chapter in global trade tensions by imposing broad-based tariffs on dozens of U.S. trading partners while finalizing selective deals with allies like the UK, EU, and Japan. The move, formalized through an executive order on Thursday, marks a significant shift in U.S. trade policy and underscores the administration’s commitment to reshaping the global economic landscape. Targeted Tariffs on Key U.S. Trade Partners Under the new regime: Canada will face a steep 35% tariff, despite being a long-standing U.S. ally and major trading partner. India is subject to a 25% tariff. Switzerland faces a…

The U.S. labor market has experienced a notable deceleration over the past three months, according to new data from the Bureau of Labor Statistics (BLS), intensifying political and economic pressure on the Federal Reserve to reduce interest rates. Job Growth Plunges In July 2025, the U.S. economy added only 73,000 jobs, falling significantly short of expectations. Moreover, previous job growth figures for May and June were sharply revised downward by a combined 258,000 jobs, bringing the total number of jobs added between May and July to just 106,000—a steep decline compared to 380,000 in the preceding three months. The BLS…

In a dramatic move underscoring rising tensions over economic data and central bank policy, President Donald Trump has dismissed Erika McEntarfer, the head of the U.S. Bureau of Labor Statistics (BLS), just hours after the release of a weaker-than-expected July jobs report. McEntarfer, appointed during President Joe Biden’s administration, was removed on Friday amid Trump’s accusations—offered without evidence—that she manipulated employment data to discredit his leadership and favor Democrats. Trump announced the firing publicly, stating that the BLS needs leadership that ensures data are “fair and accurate” and not used for “political purposes.” The BLS’s latest report showed a notable…

President Donald Trump has issued a sweeping executive order that significantly alters the federal government’s approach to homelessness, signaling a move away from the widely accepted “housing first” strategy and toward stricter enforcement policies. The order, signed on July 24, directs federal funding to prioritize involuntary commitment and law enforcement actions against individuals experiencing homelessness, particularly those with mental health or substance use disorders. It also threatens to withhold funding from communities that do not comply with the new directives. “Surrendering our cities and citizens to disorder and fear is neither compassionate to the homeless nor to other citizens,” Trump…

Democratic lawmakers are intensifying pressure on President Donald Trump’s administration over its handling of the Jeffrey Epstein case, tapping into public frustration and employing a rarely used legal mechanism to force the release of key documents. The move comes as the party searches for effective points of leverage ahead of the 2026 elections. The Justice Department and FBI announced earlier in July that they found no “client list” or supporting evidence for conspiracy theories that had surrounded the Epstein case. That conclusion angered many of Trump’s MAGA-aligned supporters, especially as several officials within his administration had previously promoted such theories.…

The Pentagon has ordered the withdrawal of an additional 1,350 California National Guard troops from Los Angeles, further scaling down a controversial deployment initiated by President Donald Trump in early June. The move comes amid mounting political criticism and legal challenges from state officials who opposed the military presence in the city. Defense Secretary Pete Hegseth confirmed on July 30 that the troops were being recalled, leaving approximately 250 personnel in Los Angeles to continue protecting federal buildings and staff. The decision follows an earlier withdrawal of 2,000 Guardsmen two weeks ago, part of a drawdown of the force that…

President Donald Trump has publicly criticized Senator Josh Hawley (R-MO), calling him a “second-tier” Republican, after Hawley sided with Democrats to advance legislation banning stock trading by members of Congress, presidents, and vice presidents. Hawley was the sole Republican to vote in favor of the bill during a Senate Homeland Security and Governmental Affairs Committee session on July 30, where it passed in an 8–7 vote. Originally named the “PELOSI Act,” a reference to former House Speaker Nancy Pelosi—whose husband has been scrutinized for stock trading while she was in office—the legislation was later renamed the “HONEST Act.” The bill…

In a move that defied mounting political pressure from President Donald Trump, the Federal Reserve chose to maintain U.S. interest rates at 4.25% to 4.5%, marking the fifth consecutive meeting without a rate change. The decision underscores the central bank’s independence amid growing tensions with the White House over monetary policy and the direction of the U.S. economy. Speaking after the Federal Open Market Committee (FOMC) meeting, Fed Chair Jay Powell stated, “It seems to me — and to almost the whole committee — that the economy is not performing as though restrictive policy is holding it back inappropriately,” while…

The principle of academic freedom, long considered a cornerstone of American higher education, is facing mounting pressure as elite universities, including Columbia University, are increasingly caught between federal demands and their traditional independence. The issue has taken on renewed urgency following Columbia’s recent $221 million legal settlement with the Trump administration, which many observers view as a direct challenge to institutional autonomy—even as the university insists its academic freedom remains intact. At its core, academic freedom is understood as the right of scholars and institutions to pursue truth and knowledge without external interference. Historically rooted in a 1915 declaration by…