Author: Newyorki

The July U.S. jobs report, due Friday, is expected to highlight the growing impact of the Trump administration’s immigration crackdown on an already cooling labor market. According to economists surveyed by Bloomberg, the Labor Department will likely report a gain of 109,000 jobs in July — a significant drop from the 147,000 jobs added in June, and below the 2025 monthly average of 130,000. While slowing business activity due to ongoing trade tensions and tariffs has weakened hiring, analysts say a major drag is the shrinking labor supply — especially in sectors heavily reliant on immigrant workers, such as agriculture,…

The U.S. Department of Justice has filed a formal judicial misconduct complaint against Chief Judge James Boasberg of the U.S. District Court for the District of Columbia, citing alleged improper public comments made about former President Donald Trump and his administration. The complaint, announced on July 28 by Attorney General Pam Bondi, stems from statements Boasberg reportedly made during a judicial conference in March 2025. Bondi stated that the judge’s remarks “undermined the integrity of the judiciary” and were inappropriate for someone presiding over politically sensitive cases. Judge Boasberg, 62, drew national attention after issuing an order to halt deportation…

In a bold regulatory push with national implications, Arkansas Governor Sarah Huckabee Sanders has taken the lead in challenging the dominance of major U.S. pharmacy benefit managers (PBMs), aiming to break their grip on the pharmaceutical supply chain. Earlier this year, Sanders signed legislation barring health insurance giants Cigna, CVS, and UnitedHealth — which collectively control the country’s three largest PBMs — from owning and operating retail pharmacies within Arkansas. The move targets what she and other critics call a deeply flawed system where PBMs, acting as intermediaries between drug manufacturers and consumers, allegedly inflate costs and diminish access to…

A tragic mass shooting at Blackstone’s global headquarters on Park Avenue has left four people dead and sent shockwaves through the heart of the U.S. financial sector. The attack, which unfolded Monday evening, has prompted a sweeping reassessment of corporate security strategies across New York’s business community. Among the victims was Wesley LePatner, a 43-year-old managing director at Blackstone and one of the most respected women in U.S. finance. A mother of two and a rising figure in New York’s philanthropic scene, LePatner was known for her leadership within Blackstone’s real estate division and her recent appointment to the board…

A tragic mass shooting shook Midtown Manhattan on Monday evening as a gunman opened fire inside 345 Park Avenue, a prominent office tower that houses the National Football League (NFL), Blackstone, and other major firms. Four individuals were killed before the shooter took his own life, according to the New York Police Department. Timeline of the Incident At approximately 6:30 PM, 27-year-old Shane Tamura, armed with an M4 assault rifle, entered the building’s lobby and began shooting. The chaos quickly escalated to upper floors, with the attacker reaching the 33rd floor, where Rudin Management — the building’s owner — is…

In a move likely to escalate debate over U.S.-China-Taiwan relations, the Trump administration has reportedly denied permission for Taiwanese President Lai Ching-te to stop in New York during an upcoming diplomatic tour to Central America, following objections from Beijing. Lai had planned to transit through the U.S. in August en route to Paraguay, Guatemala, and Belize—three nations that officially recognize Taiwan. However, according to sources familiar with the matter, the U.S. government informed Lai that a stopover in New York would not be permitted. His office in Taipei later announced that the president had no plans for overseas travel in…

A federal judge has blocked enforcement of a provision in President Donald Trump’s newly enacted tax and spending legislation, ruling that it likely violates the U.S. Constitution by specifically targeting Planned Parenthood. U.S. District Judge Indira Talwani issued a preliminary injunction against the law’s Medicaid-related restrictions, arguing that the measure appeared to punish Planned Parenthood and its affiliates for providing abortion services. The provision was part of the “One Big Beautiful Bill Act,” recently passed by the Republican-led Congress, which aimed to bar certain tax-exempt organizations from receiving Medicaid funds if they continue to perform abortions. According to the Department…

President Donald Trump stated on July 28 that he is legally allowed to pardon Ghislaine Maxwell, the longtime associate of Jeffrey Epstein currently serving a 20-year prison sentence for sex trafficking, but emphasized that no one has approached him about it and that it would be “inappropriate” to discuss the issue at this time. Speaking at his Turnberry golf resort during a meeting with UK Prime Minister Keir Starmer, Trump addressed growing scrutiny surrounding his administration’s handling of Epstein-related files and his historical connection to Epstein. “I’m allowed to give her a pardon, but nobody’s approached me with it. Nobody’s…

Vice President JD Vance defended President Donald Trump amid growing bipartisan calls to release all documents related to the late convicted sex offender Jeffrey Epstein. Speaking at a press event in Canton, Ohio on July 28, Vance said the president has “nothing to hide” and fully supports transparency in the case. “Donald J. Trump, I’m telling you, he’s got nothing to hide. His administration has got nothing to hide, and that’s why he’s been an advocate for full transparency,” Vance stated. The remarks come as the Trump administration faces pressure from both Republicans and Democrats to make public the federal…

As the Federal Reserve concludes its two-day policy meeting this week, analysts widely anticipate that it will maintain current interest rates, opting not to make any immediate changes amid ongoing economic uncertainty and political pressure from President Donald Trump. Fed Holds Steady, Hints at Caution The Fed often signals rate changes in advance when confident in the economic outlook. However, this time, officials are likely to remain vague due to lingering concerns over inflation, trade policy effects, and mixed economic signals. President Trump has repeatedly urged the central bank to lower rates, calling on Fed Chair Jerome Powell to act…