California Launches Portal for Reporting Alleged Misconduct by Federal Immigration Agents 
Oil Prices Rise as Geopolitical Tensions and Supply Risks Intensify 
Michael Dell Pledges $6.25 Billion to Boost Children’s Investment Accounts Under Trump Initiative 
BOJ’s Kazuo Ueda Signals Potential Interest Rate Hike as Economic Outlook Improves 
BOK Expected to Hold Rates at 2.50% as Housing and Currency Pressures Persist 
Australia Progresses AUKUS Review as U.S. Affirms Strong Support 
Fed Rate Cut Odds Rise as December Decision Looks Increasingly Divided 
USPS Expands Electric Vehicle Fleet as Nationwide Transition Accelerates 
China Urged to Prioritize Economy Over Territorial Ambitions, Says Taiwan’s President Lai 
IMF Deputy Dan Katz Visits China as Key Economic Review Nears 
U.S. Officials Say Afghan Suspect in D.C. National Guard Shooting Radicalized After Arrival 
Taiwan Signals Openness to Renew Ties with Honduras as Election Unfolds 
Japan’s Finance Minister Signals Alignment With BOJ as Rate Hike Speculation Grows 
Dollar Slides to Five-Week Low as Asian Stocks Struggle and Markets Bet on Fed Rate Cut 
Trump Administration Plans Major Rollback of Biden-Era Fuel Economy Standards 
U.S.–Russia Peace Talks Stall as Kremlin Rejects Key Proposals 
President Donald Trump dismissed a top Labor Department official on Friday following a disappointing U.S. jobs report, accusing her—without evidence—of manipulating employment figures. The move comes as concerns mount over the credibility of U.S. economic data and intensifies political tension surrounding the Federal Reserve.
The Bureau of Labor Statistics (BLS) reported that the U.S. economy added just 73,000 jobs in July, far below expectations. More alarming were downward revisions showing 258,000 fewer jobs created in May and June. Trump alleged that Erika McEntarfer, a Biden appointee, falsified the data and announced on Truth Social that she would be “immediately” replaced. BLS representatives have not commented.
Experts warn that politicizing economic statistics could erode trust in key indicators like employment and inflation reports, which guide markets and policymaking. Data collection challenges have intensified since the pandemic, with response rates for BLS employment surveys dropping from 80% in 2020 to about 67% in July 2025. Analysts fear this decline in data quality may mislead investors and hinder effective policy decisions.
Adding to market volatility, Federal Reserve Governor Adriana Kugler unexpectedly announced her resignation, creating an earlier-than-expected vacancy on the Fed’s Board of Governors. This gives Trump a key opportunity to shape monetary policy ahead of Fed Chair Jerome Powell’s term expiration next year. Speculation is growing that Trump may nominate close economic allies such as Kevin Hassett or Chris Waller, potentially influencing future rate cuts.
The twin developments rattled Wall Street, with the S&P 500 plunging 1.6%, its steepest drop in over two months, amid ongoing concerns over tariffs and the slowing U.S. labor market.
