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Trump's billion-dollar crypto haul triggers some everyday investors sitting on big losses
President Donald Trump's latest financial disclosures, released Tuesday by the U.S. government, are rubbing salt in their wounds. The annual disclosure revealed more than $1.4 billion in income from various crypto ventures, including more than $550 million from sales of crypto tokens by Trump's World Liberty Financial, a crypto company founded by Trump, his sons and other partners. "World Liberty Financial is one of the most successful financial technology companies on the planet, launching products like USD1, which has rapidly become the second-largest GENIUS-compliant stablecoin. World Liberty's global ... (full story)
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Both total nonfarm payroll employment (+57,000) and the unemployment rate (4.2 percent) changed little in June, the U.S. Bureau of Labor Statistics reported today. Employment continued to trend up in professional and business services, social assistance, and health care. Leisure and hospitality lost jobs. This news release presents statistics from two monthly surveys. The household survey measures labor force status, including unemployment, by demographic characteristics. The establishment survey measures nonfarm employment, hours, and earnings by industry. For more information about the concepts and statistical methodology used in these two surveys, see the Technical Note.
U.S. economy added 57,000 jobs in June, less than expected; unemployment rate at 4.2% The U.S. economy saw job creation cool sharply heading into the summer, the Bureau of Labor Statistics reported Thursday. Nonfarm payrolls for June increased by a seasonally adjusted 57,000 for the month, slower than the downwardly revised 129,000 added in May and worse than the 115,000 Dow Jones consensus forecast. The unemployment rate, however, dropped to 4.2%, and slightly ahead of the 4.1% where it was a year ago. The U.S. economy added 57,000 jobs in June and revisions subtracted a combined 74,000 jobs from the previously reported figures for May and April. The unemployment rate edged down to 4.2%. Leisure and hospitality employment declined by 61,000 in June.
From pbs.org | 10 hr ago
The real estate mogul has become the billion-dollar crypto man. President Donald Trump's latest financial disclosure report showed he took in about $1.2 billion last year from various crypto holdings, overshadowing a real estate business that brought him fame and helped propel him to the nation's top office. Whereas it took decades for Trump to amass his ...
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