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Trump’s pick to lead statistics agency disputes president’s faked data claims

Brett Matsumoto tells US lawmakers that Bureau of Labor Statistics’ reports are driven by science rather than politics

Financial Times 1h ago

Airline profits plummet as US fuel costs nearly double

Airline profits plummet as US fuel costs nearly double IATA forecasts $350bn airline fuel bill for 2026, with profits dipping to their weakest margin since the COVID-19 pandemic. Jet fuel prices in the United States are rising sharply ahead of the peak summer travel season as escalating tensions between the US and Iran raise concerns about disruptions in the Strait of Hormuz, a critical passage for global energy shipments. Fuel costs surged by 78 percent to nearly $6.5bn in April, following...

Al Jazeera 2d ago

US inflation hits new three-year high amid energy price surge

US inflation hits new three-year high amid energy price surge US markets stumbled as inflation data sparked fears of rate hikes in the coming months. Consumer inflation in the United States increased at the fastest pace in three years as surging oil prices amid tensions with Iran weigh on global energy markets before the US Federal Reserve’s policy meeting next week. Inflation rose by 0.5 percent in May compared with the prior month, following a 0.6 percent jump in April, according to the US...

Al Jazeera 2h ago

Strong US job growth beats expectations in May, firming recent gains

Strong US job growth beats expectations in May, firming recent gains WASHINGTON: US job growth surged past expectations in May with the unemployment rate remaining steady, as the labour market in the world's largest economy showed signs of firming after months of turbulence. Wall Street stocks traded lower on the news, with investors expecting a strong labour market means the Federal Reserve will switch its focus to combating inflation through rate hikes later this year.

Channel News Asia 5d ago

US inflation hits 3-year high in May as Middle East conflict raises prices of gas, energy products

US inflation hits 3-year high in May as Middle East conflict raises prices of gas, energy products WASHINGTON: US consumer inflation increased at its fastest pace in three years in May as the Middle East conflict raised the price of gasoline and other energy products, giving more ammunition for the Federal Reserve to keep interest rates unchanged into 2027. The Consumer Price Index increased 4.2 per cent in the 12 months through May, the largest gain since April 2023, the Labor Department's...

Channel News Asia 6h ago

US Consumer Price Index up 4.2%

An official website of the United States government Transmission of material in this release is embargoed until 8:30 a.m. (ET) Wednesday, June 10, 2026 USDL-26-0824 Technical information: (202) 691-7000 * [email protected] * www.bls.gov/cpi Media contact: (202) 691-5902 * [email protected] CONSUMER PRICE INDEX - MAY 2026 The Consumer Price Index for All Urban Consumers (CPI-U) increased 0.5 percent on a seasonally adjusted basis in May, after rising 0.6 percent in April, the U.S. Bureau of...

Hacker News 4h ago

US adds 172,000 jobs in May, strongly beating expectations

US adds 172,000 jobs in May, strongly beating expectations Unemployment remained steady, with the labour market in the world’s largest economy sustaining recent gains US employment growth surged in May, beating market expectations, while the unemployment rate remained steady, government data showed on Friday, with the labour market in the world’s largest economy sustaining recent gains. “Total nonfarm payroll employment increased by 172,000 in May, and the unemployment rate was unchanged at...

South China Morning Post 5d ago

American billionaire Mark Cuban graduates: Start your job search with small companies

There’s no doubt that artificial intelligence is transforming the job market. American billionaire Mark Cuban is urging recent college graduates to look beyond big corporations and begin their careers with small businesses. In a post shared on social media platform X (formerly known as Twitter) Cuban highlighted that small companies create around 60% new jobs annually and will increasingly benefit from AI, enabling them to compete ‘easier and faster’ with larger rivals.

Times of India 4d ago

The J6 Rioter Now Working at the Pentagon

This is an edition of The Atlantic Daily, a newsletter that guides you through the biggest stories of the day, helps you discover new ideas, and recommends the best in culture. On January 6, 2021, 19-year-old Elias Irizarry was among the members of a violent mob that broke into the U.S. Capitol and attempted to overturn the recent presidential election. He was convicted of trespassing on government grounds, and videos from that day show him entering through a window with a metal pole in his...

The Atlantic 4d ago

100 days into Iran war, Americans face higher prices

100 days into Iran war, Americans face higher prices On average, US households have spent $750 more in expenses due to the war, hitting middle- and lower-income people hard. A hundred days into the US-Israel war on Iran, Americans are facing increasing financial pressure at the pump and at the grocery store in an economy already facing headwinds from United States President Donald Trump’s domestic and foreign policies, including tariffs. The war is unpopular, with 66 percent of Americans...

Al Jazeera 3d ago