The U.S. economy added 162,000 jobs in August, far above forecasts, while the unemployment rate held at 4.1%. The report increased expectations for a Federal Reserve rate hike as inflation and borrowing costs remain in focus.
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WNBA Commissioner Cathy Engelbert will retire at the end of the year after more than seven years leading the league through major financial growth, a new labor deal and rising public attention. She said the decision was her own and that the timing is right after securing a CBA, media rights deal and expansion plans.
U.S. diesel prices reached a record $5.85 a gallon as the Iran conflict continued to disrupt shipping through the Strait of Hormuz. The Trump administration says oil flows are improving, but shipping data cited by CBS News shows traffic remains below pre-war levels.
U.S. employers added 162,000 jobs in August, far above economists’ forecasts, while the unemployment rate stayed at 4.1%. The report showed gains in restaurants, bars and education but raised questions about wages, inflation and the Federal Reserve’s next move.
The average U.S. diesel price reached a record $5.85 a gallon, driven by war-related supply disruptions, refinery constraints and seasonal demand. The surge is raising costs for freight, farming, groceries and heating fuel in the U.S. and UK.
Argentine President Javier Milei vowed tougher sanctions against companies involved in the Sea Lion oil project near the Falkland Islands. He also cited Donald Trump’s comments suggesting the United States could review its neutral stance on the sovereignty dispute.
Gasoline prices have climbed to $4.14 a gallon ahead of Labor Day, while diesel is nearing its all-time high. Analysts cite rising crude prices, the Iran war, disruptions in the Strait of Hormuz and limits on Russian diesel exports.
Fox News Media said Maria Bartiromo has left the network after 12½ years. The longtime financial journalist hosted several Fox Business and Fox News programs and was cited in defamation litigation tied to false claims about the 2020 election.