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The US labor market delivered its most unsettling reading in months on Friday, August 7, when the Bureau of Labor Statistics reported that employers cut 23,000 jobs in July — the first outright payroll decline in recent memory and a sharp reversal from the modest gains economists had penciled in. The miss, combined with steep downward revisions to prior months, has reopened the debate over how much trouble is brewing beneath an otherwise resilient-looking economy. The Numbers Nonfarm payrolls fell by a seasonally adjusted 23,000 in July, badly missing expectations. Forecasts varied slightly by source — Dow Jones-polled economists had…

Gold capped off one of its strongest weeks in recent memory, surging to a two-month high on Friday as a weak jobs report and cooling energy prices reignited bets on lower interest rates. Note: gold’s spot market is closed over the weekend, so Friday’s close is the most recent price available. Quick Summary Day-by-Day Breakdown DatePrice (per oz)ChangeKey DriverWed, Aug 5~$4,166–$4,184Modest gainGold ticked up on a softer dollarThu, Aug 6~$4,252–$4,309+~2%<cite index=”9-1″>Futures opened over $4,300 for the first time since June 17 as negotiations to partially reopen the Strait of Hormuz progressed, alongside a weaker-than-expected ADP jobs report</cite>Fri, Aug 7 (close)~$4,350–$4,358+~1.5–2%<cite…

Where things stand (as of Aug 5, 2026):Iran and the US appear close to an interim deal reopening the Strait of Hormuz, mediated by Oman. Tehran insists it’s negotiating with Oman, not directly with Washington, though US Secretary of State Marco Rubio said progress has been made in the talks, raising hopes one of the key sticking points between Washington and Tehran could soon be resolved. (Al Jazeera)What the talks cover:The focus is establishing safe inbound and outbound shipping lanes that uphold sovereign rights while addressing the national security considerations of both Iran and Oman.Iran said Thursday it had agreed…

The US-Iran war took its deadliest turn for American forces in months over the weekend, with three US service members killed and a fourth still missing after Iranian missile and drone attacks on a base in Jordan and a related incident in Iraq — pushing Washington into a fresh, intensified round of retaliatory bombing that shows no sign of slowing. What Happened Friday, July 17: Iran’s Islamic Revolutionary Guard Corps (IRGC) launched a barrage of ballistic missiles and drones at Muwaffaq Salti Air Base in Jordan, a facility hosting a significant US military presence. Satellite heat-signature data placed the impact…

American domestic politics rarely stays domestic for long — but in 2026, the spillover has been unusually direct. A tariff regime rebuilt after a Supreme Court defeat, a Federal Reserve caught between a president who wants lower rates and inflation that keeps climbing, and a war with Iran that has repeatedly shut down one of the world’s most important oil chokepoints have combined to make Washington’s political decisions a daily variable in markets from Frankfurt to Mumbai. Tariffs: Struck Down, Then Rebuilt For much of 2025, President Trump’s global tariff program ran on the International Emergency Economic Powers Act (IEEPA),…

As the 2026 midterm elections approach, American politics is being pulled in several directions at once — an aggressive immigration crackdown that keeps generating fatal confrontations, a president publicly questioning the integrity of the country’s own voting systems, a nationwide redistricting fight that has already reshaped the House map, and a foreign policy dominated by an unresolved war with Iran. Here’s where things stand. Immigration Enforcement Under Growing Scrutiny Immigration remains the most combustible domestic issue of the moment. The Trump administration’s deportation campaign has relied heavily on ICE traffic stops and raids, and a string of fatal shootings by…

Operation Epic Fury: The Opening Strike The war between Israel and Iran erupted on February 28, 2026, when the United States and Israel launched joint military operations against Iran — codenamed Operation Epic Fury by the US — following the breakdown of US-Iran nuclear talks. The opening salvo was devastating and deeply personal: it killed Iran’s Supreme Leader Ali Khamenei along with four members of his family in a strike on his compound. President Trump said the goal of the attacks was to trigger regime change from within Iran and to permanently dismantle Iran’s nuclear program. Iran responded within hours,…

The current US-Iran conflict began on February 28, 2026, when President Donald Trump announced “major combat operations” against Iran, launching massive joint US-Israeli strikes on Iranian military, government, and infrastructure sites. Weeks of intense fighting followed, with Iran retaliating through missile and drone barrages against Israel and US allies across the region. By mid-April, exhaustion on both sides opened the door to diplomacy. A ceasefire was reached, and on April 13 the United States also imposed a naval blockade on Iran’s Persian Gulf coast after an earlier round of talks in Islamabad failed to produce a lasting deal. Negotiations continued…

Part of applying for work in the legal sphere involves deciding what kind of firm you want to work with, what kind of lawyer you want to be, and what you want your daily work to look like. Topping off this year’s Law School & Careers features is Francine Ryan, lecturer in law and member of the How Do You Choose the Perfect Law Firm to Work At? P art of applying for work in the legal sphere involves deciding what kind of firm you want to work with, what kind of lawyer you want to be, and what you…

England’s last ticket to next season’s Champions League is realistically down to three very flawed and inconsistent clubs seeking to return to the elite tier.