News alert: Job fears
Powell cites major data flaw

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Why the Fed thinks America may be losing jobs in secret

Federal Reserve Chair Jerome Powell added a jarring footnote to Wednesday’s rate-cut decision: The U.S. job market may be even weaker than previously thought.
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More From The Newsroom

A top economist is worried about a jobs recession.


Mark Zandi says many Americans already live “on the financial edge” as unemployment is high and layoffs tick higher in a “low-hire, low-fire” market.

Trump is telling Americans to live with less.

At a rally, he said kids don’t need 37 dolls as his tariffs push toy prices higher — with conservative voices warning that this is a strange sales pitch in an inflation-weary country.

Musk wouldn’t do DOGE again.


He says the department was only “somewhat successful” after layoffs, backlash, and Tesla owners burning cars helped sour both his brand and DOGE’s claims of $214 billion in savings.

SpaceX is lining up the richest IPO in history.


A mid- to late-2026 IPO could raise more than $30 billion at a $1.5 trillion valuation, asking investors to pay startup-style multiples for rockets, Starlink, and off-planet data centers.

 
 
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