What to know as China reportedly orders its airlines to halt deliveries of Boeing aircraft
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Yahoo
25 minutes ago
- Yahoo
Long-Term Unemployment Rises In Worrying Sign For U.S. Labor Market
WASHINGTON – Signals of labor market weakness go beyond the headline numbers that prompted President Donald Trump to fire the government's head statistician last week. The jobs report released Friday showed a slowdown in hiring, a slight uptick in the national unemployment rate, and a few other clues that the economy is softening — including an increase in long-term unemployment. The number of people jobless for six months or more increased from 1.6 million to 1.8 million in July, representing 24% of the unemployed. It's the most people experiencing long-term joblessness since the end of 2021 and the highest percentage since February 2022, when the economy was still recovering from coronavirus lockdowns. Valerie Wilson, a labor economist at the liberal Economic Policy Institute, said the modest rise in long-term joblessness could reflect employers getting pickier about hiring as President Donald Trump's tariff regime changes the cost of doing business. 'People who have been unemployed for longer have clearly had some challenges in getting back into the labor market,' Wilson told HuffPost. 'I think that as things have softened, and employers are facing more uncertainty given the sort of chaotic nature of economic policy in this country, that it would be harder for those people to find new jobs.' The president's tariffs on goods imported from other countries are tantamount to a $1,219 tax increase on American households this year, according to an estimate by the conservative Tax Foundation. HuffPost readers: Dealing with long-term unemployment? Tell us about it – email arthur@ Please include your phone number if you're willing to be interviewed. Persistently high long-term joblessness was a hallmark of slow recovery from the Great Recession that officially ended in 2009. It disproportionately affected older workers, becoming a self-perpetuating problem as employers sought job applicants with minimal or no gaps on their resumes. Some economists worry another recession could be around the corner. The overall unemployment rate remained low in July, at just 4.2%, and the economy has continued to add jobs, albeit at a slower pace than previously estimated. Bureau of Labor Statistics data suggest the last three months were the weakest for job growth since the pandemic. Trump fired the BLS commissioner on Friday, claiming without evidence that the numbers were somehow 'rigged' to make him look bad. The labor force shrank slightly in July, helping hold down the unemployment rate even as the number of employed workers declined. Wilson noted the unemployment rate for Black Americans rose to 7.2%, up from a recent historical low of 4.8% in April 2023. 'Over the last two months, we're seeing the black unemployment rate pick up, which is another one that as that starts to rise, we start to look for signals of a broader slowing in the economy,' Wilson said.
Yahoo
25 minutes ago
- Yahoo
Number of US ETF Issuers Surges as Industry Grows: Bloomberg
The exchange-traded fund ecosystem keeps growing: There are now 268 ETF issuers in the United States—roughly double the number of issuers there were three years ago, according to data from Bloomberg. The ETF industry saw 45 issuers debut last year and is on pace for 50 new ones in 2025, according to Bloomberg Senior ETF Analyst Eric Balchunas, who shared the data in a post on X. 'It's where the fish are biting,' Balchunas said. FactSet data analyzed by show 289 unique issuers as of August 2025, up from 252 in 2024, which puts the projected number of new issuers closer to 60 by year's end. A Large Appetite for Niche Strategies The explosion of new ETF issuers represents the fact that there is investor appetite for ETFs, and firms are eager to meet that demand, Zach Evens, analyst of passive strategies at Morningstar, told He added that a lot of the ETF launches from new issuers have been in non-traditional or niche strategies. Invest in Gold American Hartford Gold: #1 Precious Metals Dealer in the Nation Priority Gold: Up to $15k in Free Silver + Zero Account Fees on Qualifying Purchase Thor Metals Group: Best Overall Gold IRA 'These types of strategies attempt to capture a specific market, or trade, and deliver select clients the specific exposures they desire,' Evens said, adding that many of the issuers use options to achieve those exposures. Examples include covered-call and derivative-income ETFs, including single-stock funds: Derivative-income strategies saw more than $29 billion in net flows in the first six months of the year, and it was the top category for all active ETF flows, according to data from Morningstar. Other examples are leveraged or inverse ETFs—also sometimes with single-stock funds—crypto-related ETFs and defined outcome or buffer ETFs. Many of these ETFs are relatively expensive compared to index ETFs, which lowers the bar for profitability, Evens added. Relative Ease for New ETF Issuers Another trend behind the surge of new ETF issuers is that it's now relatively easy for firms to launch new ETFs with the rise in white label providers like Tidal Financial and ETF Architect, which handle much of the administration and operations associated with launching and running an ETF, Evens said. That means that, while there's more demand, there's also more ability for firms to meet that demand. Editor's note: This article has been updated to add issuer data from | © Copyright 2025 All rights reserved
NBC News
25 minutes ago
- NBC News
Michigan Sen. Elissa Slotkin urges fellow Democrats to 'go nuclear' in redistricting fight
BENTON HARBOR, Mich. — Sen. Elissa Slotkin, a rising Democratic star from Michigan, told NBC News that Democrats should 'go nuclear' to counter Republicans' push in Texas and other red states to redraw the congressional maps in their favor. The first-term senator, who was tapped to deliver the Democratic rebuttal to President Donald Trump's joint address to Congress this year, said Democrats have to fight fire with fire. 'I'm going to urge and encourage blue states like a California or Chicago or Illinois to do the same thing. I don't want to do that. I want the country to have a completely nonpartisan drawing of the lines based on the census. But if they're going to do that and go nuclear, so am I,' she said in an exclusive interview after her first and only town hall of the congressional August recess on Monday night. Slotkin argued that Democrats should go on the 'offensive' against Trump and congressional Republicans' agenda more broadly. If Republicans want her vote on a spending bill to avert a government shutdown at the end of September, for example, Slotkin said they will need to roll back health care cuts signed into law as part of Trump's megabill last month. 'If my vote is wanted, right, then we got to negotiate. And then the thing I'm going to negotiate for is returning some of that health care to the people I represent,' she told NBC News, noting that she voted against a Republican spending bill in March as well. The top Democrat in the Senate, Chuck Schumer of New York, faced intense backlash from the base after he allowed a key procedural vote on that bill to move forward. Slotkin said Democrats are ready for a new generation of leadership, noting that at 49 years old, she's 'like a spring chicken in the Senate.' She referred to older leaders, at one point, as 'warmed over leftovers' and said younger voters relate to members who get 'technology and the changing economy' and don't 'use a flip phone.' Slotkin brought up the issue during the town hall as well. 'Let's be honest, even here tonight, right? It is a very hard thing to bring our young people into the conversation, because they're disillusioned, they feel left out, they feel like these people don't represent me,' she told the crowd, which was overwhelmingly composed of White seniors and older voters, although it was held at a Boys and Girls Club in predominantly-Black Benton Harbor. The club, which is located in Republican Rep. Bill Huizenga's district, has lobbied her to protect its federal funding, Slotkin said. One Democrat who appears to have a grasp on the demographic the rest of the party seems to be struggling with, Slotkin said, is Zohran Mamdani, the Democratic nominee for mayor in New York City. Slotkin said she disagrees with Mamdani on many issues, but that his upset victory over former Gov. Andrew Cuomo was 'like a blinking red light.' 'It's hard to miss the message of that election, which I think was very similar, frankly, to the election we had in November. Cost of living is still the biggest issue for people that I talk to,' she said. 'It's not maybe the internet's biggest issue, Twitter's biggest issue. It is the issue that 80% of my constituents will talk to me about in the street.' Slotkin said it's not about progressive versus moderate. Like Mamdani, Trump defeated Kamala Harris in 2024 after making lowering costs central to his campaign. 'He was going to put more money into your pocket and his yard signs, his digital ads, his TV ads, they were all centered around that,' she said. 'For Democrats, it was hard to know exactly what our priorities were.' 'We had a lot of issues we cared deeply about, but sometimes, when you care about everything, no one knows what your priorities are,' she continued. 'So my strong belief is that our priority has to be the economy.' The Democratic Party is divided on a central question right now, Slotkin said: 'Is Donald Trump an existential threat to democracy in his second term, or is Donald Trump's second term bad, but, like his first term, survivable if we just wait it out? And I just want you to know, from your senator, as someone who sits in that room on your behalf, I am in camp number one, he is an existential threat to democracy.' Asked about Gaza, Slotkin, a former CIA analyst who is pro-Israel, said she would have voted in favor of blocking certain offensive weapons sales to Israel last week. She missed the votes, brought by Sen. Bernie Sanders, I-Vt., which failed but attracted the support of more than half of Senate Democrats. 'It's a very dangerous thing if we have support for our relationships abroad be completely partisan,' Slotkin said, adding that she 'was glad' that Trump sent his Middle East Envoy Steve Witkoff to Gaza. 'I think that's an important step to, like, see what's on the ground and just bring this thing, all hostages out, end the humanitarian blockade. Like, get it done.'
