LeadStory

What is the latest with the US economy?

Asked 2 hours ago

Answer

The US economy is experiencing slower job growth, with recent reports showing significant downward revisions and concerns over tariffs. Unemployment is slightly up but remains within a healthy range. Major companies report losses due to tariffs, and there is increased market volatility. The White House maintains optimism, but business leaders and investors are wary.

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CNBC

Booking Holdings CEO Glenn Fogel on Q2 results

CNBC ยท Recent
CNBC
CNBC
Recent
  • Booking Holdings exceeded second quarter profit and revenue estimates due to strong international bookings.
  • The U.S. is still seeing fewer international visitors compared to 2019, affecting the domestic hotel industry. 1m 0s
  • Geopolitical factors and long passport control lines are cited as reasons for reduced inbound U.S. travel. 2m 10s
  • A two-speed economy is evident, with lower-end travel segments experiencing more softness than higher-end segments. 4m 35s
  • Booking Holdings is partnering with leading AI companies and continues to adapt to technological changes. 6m 45s
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References

Booking Holdings CEO Glenn Fogel on Q2 results
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CNBC
18 hours ago
Booking Holdings CEO Glenn Fogel on Q2 results

The US continues to see fewer international visitors compared to 2019, impacting the domestic hotel industry. There is a two-speed economy with softness in lower-end travel.

Trump fires Bureau of Labor Statistics head
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Fox News
19 hours ago
Trump fires Bureau of Labor Statistics head

Hiring slowed in July and previous months were revised down by a total of 258,000 jobs. The White House cited inaccuracies and incompetence for the firing of the BLS head.

How Trump's tariffs impact unemployment numbers
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CBS America
2 days ago
How Trump's tariffs impact unemployment numbers

The US added 73,000 jobs in July, down from a previous three-month average of 111,000, indicating a labor market slowdown. Unemployment stands at 4.2%.

Trump orders firing of U.S. Bureau of Labor Statistics commissioner
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CBS News
2 days ago
Trump orders firing of U.S. Bureau of Labor Statistics commissioner

The latest jobs report shows hiring slowed in July with just 73,000 new jobs added. Unemployment ticked up slightly to 4.2%. Revisions to previous reports show 258,000 fewer jobs.

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