U.S. employers added 172,000 jobs in May and the unemployment rate stayed at 4.3%, signaling a resilient labor market. The strong report comes as inflation and energy prices rise, complicating the Federal Reserve’s next interest rate decision.
Posts tagged as “The U.S. Treasury Department”
The United States sanctioned Cuban President Miguel Díaz-Canel, his wife and relatives of Raúl Castro as Washington intensifies pressure on Havana. The measures come as Cuba faces severe blackouts, food and medicine shortages, and rising tensions with the Trump administration.
North Korea has disclosed a new facility for producing nuclear bomb fuel as Kim Jong Un called for an “exponential” expansion of the country’s nuclear forces. State media said Kim claimed weapons-grade nuclear material production has more than doubled in five years.
President Trump has not yet decided on a potential ceasefire deal with Iran that would reopen the Strait of Hormuz and address nuclear concerns. Negotiations remain ongoing amid conflicting reports from U.S. and Iranian officials.
The Treasury Department is preparing a $250 bill featuring President Donald Trump’s portrait, pending congressional approval. The bill would be the first U.S. currency to depict a living person in over 150 years as part of the nation’s 250th anniversary celebrations.
U.S. and Nigerian forces have killed Abu-Bilal al-Minuki, the Islamic State's second-in-command, in a joint operation. The move is seen as a significant blow to ISIS's operations in Africa and globally.
Stocks surged and oil prices plunged after a two-week ceasefire was announced between the U.S. and Iran, easing fears of a prolonged energy crisis. Despite the positive market reaction, analysts caution that uncertainty remains about the future of shipping through the Strait of Hormuz and the durability of the ceasefire.
The U.S. Treasury Department announced that President Donald Trump’s signature will be added to new paper currency for the first time, commemorating the nation’s 250th anniversary alongside Treasury Secretary Scott Bessent’s signature. This change coincides with plans for a 24-karat gold commemorative coin featuring Trump’s likeness, both intended to honor the country’s historic milestone and Trump’s recent economic leadership. The new currency is expected to be introduced later this year amid ongoing economic challenges, with the Treasury praising Trump’s impact on the nation’s economic revival.