US job openings in May hit 7.8 million in a continuing display of labor market resilienceNew Foto - US job openings in May hit 7.8 million in a continuing display of labor market resilience

WASHINGTON (AP) — U.S. job openings rose unexpectedly in May, a sign that the American labor marketremains resilient in the face of high borrowing costs and uncertainty over U.S. economic policy. U.S. employers posted 7.8 million vacancies in May, The Labor Department reported Tuesday, up from 7.4 million in April. Economists had expected a slight decrease to 7.3 million. The number of Americans quitting their job — a sign of confidence in their prospects — rose modestly, and layoffs fell. Openings are high by historical standards but have come down sharply since peaking at a record 12.1 million in March 2022. The U.S. job market has steadily decelerated from hiring boom of 2021-2023 when the economy bounced back from COVID-19 lockdowns. The unexpectedly strong post-pandemic recovery ignited inflation, prompting the Federal Reserve to raise its benchmark interest rate 11 times in 2022 and 2023. The higher borrowing costs have gradually cooled the labor market, andPresident Donald Trump's policy of taxing imports at high rates has added uncertainty to the hiring outlook. The Labor Department is expected to report Thursday that the U.S. economy generated 117,000 jobs last month, according to a survey of forecasters by the data firm FactSet. That would be down from 139,000 in May, from an average 168,000 a month in 2024 and a from a monthly average of 400,000 from 2021 through 2023. The unemployment rate is forecast to tick up to a still-low 4.3% from 4.2% in May.

US job openings in May hit 7.8 million in a continuing display of labor market resilience

US job openings in May hit 7.8 million in a continuing display of labor market resilience WASHINGTON (AP) — U.S. job openings rose unexpecte...
Powell stands by 'wait and see' stance with Trump ramping up attacks on the Federal ReserveNew Foto - Powell stands by 'wait and see' stance with Trump ramping up attacks on the Federal Reserve

WASHINGTON (AP) — Federal Reserve Chair Jerome Powell on Tuesday stuck tohis positionthat the central bank will keep its key rate on hold while it waits to see how PresidentDonald Trump'stariffseffect the economy, defying the steady stream of criticism from the White House, which wants lower borrowing costs. Powell, speaking in Sintra, Portugal, repeated his view that U.S. inflation is likely to pick up later this summer, though he acknowledged that the timing and magnitude of any price increase from the duties is uncertain. But he said the Fed willstay on holdwhile it evaluates how the economy evolves. "As long as the economy is in solid shape, we think the prudent thing to do is to wait and see what those effects might be," Powell said, referring to the sweeping duties Trump has imposed this year. On Monday, Trump continued his attacks on Powell for not cutting the Fed's key rate, which Trump says would save U.S. taxpayers on interest costs on the federal government's debt. The president also extended his criticism to the entire Fed governing board, which participates on interest-rate decisions. "The board just sits there and watches, so they are equally to blame," Trump said. The attack on the board ratchets up pressure on individual Fed officials, such as Governor Chris Waller, who have been mentioned as potential successors to Powell, whose term ends in May 2026. The Fed has kept its key short-term interest rate unchanged this year, at about 4.3%, after cutting it three times in 2024. At a news conference in June, Powell suggested that the central bank would "learn a great deal more over the summer" about whether President Donald Trump's sweeping tariffs would push up inflation or not. The comment suggested the Fed wouldn't consider cutting rates until its September meeting. Yet a few days later, Fed governors Waller and Michelle Bowman, who were both appointed by Trump, said that it was unlikely the tariffs would lead to persistent inflation. Both also indicated that they would likely support reducing the Fed's rate at its July 29-30 meeting.

Powell stands by 'wait and see' stance with Trump ramping up attacks on the Federal Reserve

Powell stands by 'wait and see' stance with Trump ramping up attacks on the Federal Reserve WASHINGTON (AP) — Federal Reserve Chair ...
Trump to discuss Gaza, Iran with Netanyahu at Monday meetingNew Foto - Trump to discuss Gaza, Iran with Netanyahu at Monday meeting

By Steve Holland and Matt Spetalnick WASHINGTON (Reuters) -U.S. President Donald Trump said on Tuesday he will discuss the situations in Gaza and Iran when he meets with Israeli Prime Minister Benjamin Netanyahu at the White House next week, adding that he hopes to achieve a ceasefire in Gaza soon. Trump plans to meet Netanyahu on Monday. A senior Israeli official, Ron Dermer, has been in Washington this week holding talks ahead of the meeting. Trump and Netanyahu worked together on a military operation against Iran's nuclear sites in June that culminated with American B-2 bombing raids. Trump said the strikes "obliterated" Tehran's nuclear capability, although there remains a debate about the degree of damage done to the Iranian nuclear program. Trump said he is hopeful that a ceasefire-for-hostages agreement can be achieved next week between Israel and Iran-backed Hamas militants in Gaza. "We hope it's going to happen. And we're looking forward to it happening sometime next week," he told reporters as he departed the White House for a day trip to Florida. "We want to get the hostages out." Hamas has said it is willing to free remaining hostages in Gaza under any deal to end the war, while Israel says it can only end if Hamas is disarmed and dismantled. Hamas refuses to lay down its arms. The war in Gaza was triggered when Hamas-led militants attacked Israel on October 7, 2023, killing 1,200 people and taking 251 hostages, according to Israeli tallies. Gaza's health ministry says Israel's post-Oct. 7 military assault has killed over 56,000 Palestinians. The assault has also caused a hunger crisis, internally displaced Gaza's entire population and prompted accusations of genocide at the International Court of Justice and of war crimes at the International Criminal Court. Israel denies the accusations. A White House official, asked about Dermer's scheduled meetings and agenda, said: "Ron Dermer visits the White House regularly." "This will continue as President Trump pursues a path to peace for Israel and Gaza," the official added. The official did not immediately identify the Trump aides Dermer would see during his visit. (Reporting by Steve Holland and Matt Spetalnick; Writing by Doina Chiacu; Editing by Andrew Heavens and Mark Porter)

Trump to discuss Gaza, Iran with Netanyahu at Monday meeting

Trump to discuss Gaza, Iran with Netanyahu at Monday meeting By Steve Holland and Matt Spetalnick WASHINGTON (Reuters) -U.S. President Donal...
Iran-linked hackers threaten to release Trump aides' emailsNew Foto - Iran-linked hackers threaten to release Trump aides' emails

By Raphael Satter WASHINGTON (Reuters) -Iran-linked hackers have threatened to disclose more emails stolen from U.S. President Donald Trump's circle, after distributing a prior batch to the media ahead of the 2024 U.S. election. In online chats with Reuters on Sunday and Monday, the hackers, who go by the pseudonym Robert, said they had roughly 100 gigabytes of emails from the accounts of White House Chief of Staff Susie Wiles, Trump lawyer Lindsey Halligan, Trump adviser Roger Stone and porn star-turned-Trump antagonist Stormy Daniels. Robert raised the possibility of selling the material but otherwise did not provide details of their plans. The hackers did not describe the content of the emails. U.S. Attorney General Pam Bondi described the intrusion as "an unconscionable cyber-attack." The White House and the FBI responded with a statement from FBI Director Kash Patel, who said: "Anyone associated with any kind of breach of national security will be fully investigated and prosecuted to the fullest extent of the law." "This so-called cyber 'attack' is nothing more than digital propaganda, and the targets are no coincidence. This is a calculated smear campaign meant to damage President Trump and discredit honorable public servants who serve our country with distinction," cyberdefense agency CISA said in a post on X. Halligan, Stone and a representative for Daniels did not respond to requests for comment. Iran's mission to the United Nations did not return a message seeking comment. Tehran has in the past denied committing cyberespionage. Robert materialized in the final months of the 2024 presidential campaign, when they claimed to have breached the email accounts of several Trump allies, including Wiles. The hackers then distributed emails to journalists. Reuters previously authenticated some of the leaked material, including an email that appeared to document a financial arrangement between Trump and lawyers representing former presidential candidate Robert F. Kennedy Jr. - now Trump's health secretary. Other material included Trump campaign communication about Republican office-seekers and discussion of settlement negotiations with Daniels. Although the leaked documents did garner some coverage last year, they did not fundamentally alter the presidential race, which Trump won. The U.S. Justice Department in a September 2024 indictment alleged that Iran's Revolutionary Guards ran the Robert hacking operation. In conversations with Reuters, the hackers declined to address the allegation. After Trump's election, Robert told Reuters that no more leaks were planned. As recently as May, the hackers told Reuters, "I am retired, man." But the group resumed communication after this month's 12-day air war between Israel and Iran, which was capped by U.S. bombing of Iran's nuclear sites. In messages this week, Robert said they were organizing a sale of stolen emails and wanted Reuters to "broadcast this matter." American Enterprise Institute scholar Frederick Kagan, who has written about Iranian cyberespionage, said Tehran suffered serious damage in the conflict and its spies were likely trying to retaliate in ways that did not draw more U.S. or Israeli action. "A default explanation is that everyone's been ordered to use all the asymmetric stuff that they can that's not likely to trigger a resumption of major Israeli/U.S. military activity," he said. "Leaking a bunch more emails is not likely to do that." Despite worries that Tehran could unleash digital havoc, Iran's hackers took a low profile during the conflict. U.S. cyber officials warned on Monday that American companies and critical infrastructure operators might still be in Tehran's crosshairs. (Reporting by Raphael Satter; Additional reporting by Gram Slattery and Kanjyik Ghosh; Editing by Cynthia Osterman and Michael Perry)

Iran-linked hackers threaten to release Trump aides' emails

Iran-linked hackers threaten to release Trump aides' emails By Raphael Satter WASHINGTON (Reuters) -Iran-linked hackers have threatened...
Republican hopefuls wait for Lara Trump decision in North Carolina Senate race, sources tell CNNNew Foto - Republican hopefuls wait for Lara Trump decision in North Carolina Senate race, sources tell CNN

Lara Trump, President Donald Trump's daughter-in-law, is the leading potential candidate to run for Senate from North Carolina with Donald Trump's backing, multiple sources tell CNN. Sen. Thom Tillis'announcement that he won't seek reelectionnext year opens a prize opportunity for North Carolina Republicans. Multiple Trump allies looking to enter the race have begun reaching out to the president's aides, potentially seeking an endorsement that would all but lock out other challengers in a GOP primary. But Lara Trump, the former Republican National Committee co-chair and a key campaign surrogate last year, has the right of first refusal on an endorsement by her father-in-law, those sources say. Should she decide not to run, Republicans aligned with Donald Trump plan to conduct a full assessment of candidate possibilities in a race Democrats will contest as a potential opportunity to cut into the GOP's majority. "It would be great for her to run," one source who has spoken to the president about the prospect told CNN. A source familiar with Lara Trump's thinking said she's been fielding calls from Republicans encouraging her to run and is considering it. "There is a lot for her to factor into this decision, like losing time with her kids," the source said, noting that she had taken those factors into consideration when weighing running for Senate from North Carolina in 2022 and from Florida last year when then-Sen. Marco Rubio was nominated for secretary of state. Lara Trump is a native of North Carolina and a graduate of North Carolina State University. "There are a ton of conversations happening in every direction, but the reality is everything hinges on the decision Lara Trump makes," said Republican strategist and North Carolina native Doug Heye. Some other potential candidates have already begun scheduling meetings in the meantime with the White House, including Rep. Pat Harrigan. Michael Whatley, the chairman of the Republican National Committee, has also expressed interest privately about a potential Senate run, a source familiar with the matter told CNN. Whatley has a close relationship with the Trump administration and political machine after Trump endorsed the former North Carolina Republican Party Chairman to succeed Ronna McDaniel as Republican National Committee chair. Trump promoted Lara Trump for the role of co-chair of the RNC at the same time. Reps. Richard Hudson and Brad Knott are also considered contenders for a Trump endorsement. "If she declines, I was told the president will decide between Whatley, Harrigan and Knott," said one source who has closely worked with Republicans at all levels in North Carolina. Heye noted that despite her roots in the state, Lara Trump would be running her first campaign in a state Democrats see as a prime pickup opportunity. "We know she's good on TV, we know she can raise money. How will she be on the stump when she goes to New Bern? How aggressively will she be campaigning? We call them first-time candidates for a reason, because they are untested," added Heye. However, Raleigh-based Republican consultant Jonathan Felts says he's seen Lara Trump's campaign chops up close. "We looked at Lara early in 2022, in the race to replace (former Sen. Richard) Burr, and we've stayed in contact with her over the years," said Felts, who served as the senior adviser to the eventual GOP candidate and winner of that Senate seat, Ted Budd. "I think people might be surprised," he said. "She genuinely connects with grassroots audiences. People here have home-state pride in her. She'll be a legitimate candidate if she decides to run." This story has been updated with additional details. For more CNN news and newsletters create an account atCNN.com

Republican hopefuls wait for Lara Trump decision in North Carolina Senate race, sources tell CNN

Republican hopefuls wait for Lara Trump decision in North Carolina Senate race, sources tell CNN Lara Trump, President Donald Trump's da...

 

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