Analysis of US Jobs Report for June
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Fox News
16 minutes ago
- Fox News
From New York to Arizona, migrant facilities shuttering in wake of Trump's border crackdown
Migrant shelters in the United States are closing their doors in large numbers as the border crisis has waned significantly. In January, two shelters shuttered in Pima County, Arizona, according to the Arizona Daily Star. In San Diego, the Jewish Family Service closed its shelter in February, specifically citing policy changes like the CBP One app going away as part of the reason for its closure. In Texas, the San Antonio-based Migrant Resource Center that opened in 2022 closed in February due to the plunge in people crossing into the United States, according to Texas Public Radio. On the East Coast, New York City closed 63 migrant shelters this year, according to PIX11, and Massachusetts is down to four shelters from over 120 in 2024, according to NBC 10 Boston. The outlet reported that 24 of the Massachusetts shelters closed their doors this week. "President Trump ended Joe Biden's illegal alien invasion and ushered in the most secure border ever. Migrant shelters are shuttering because illegal aliens are no longer being released into our great country – that's the Trump Effect," White House Assistant Press Secretary Liz Huston said in a statement to Fox News Digital. The White House is also touting that processing facilities along the border have closed, as the United States Customs and Border Protection told Fox News Digital in May that all of its "soft-sided" facilities in Texas, California and Arizona have shut down. "Due to the unprecedented drop in apprehensions of illegal aliens as a result of the President's recent executive actions, CBP is not operating any temporary, soft-sided processing facilities where illegal aliens have been held in specific locations along the southwest border. CBP no longer has a need for them as illegal aliens are being quickly removed," a CBP spokesperson confirmed to Fox News Digital at the time. "The U.S. Border Patrol has full capability to manage the detention of apprehended aliens in USBP's permanent facilities. Manpower and other resources dedicated to temporary processing facilities will be redirected toward other priorities and will speed CBP's progress in gaining operational control over the southwest border," the spokesperson added. In Mexico, there has also been a reported drop in people seeking to come to the U.S. illegally. The latest border numbers revealed that numbers remain significantly lower than they were compared with the Biden administration, as there were only 6,070 southern border apprehensions in June by Border Patrol, and there were zero releases in May or June. On June 28, there were only 137 encounters at the southern border, according to CBP data. The comments from the White House come as the House is in its closing hours of deciding on the Trump-backed reconciliation bill, which includes major funding for the president's border and immigration agenda totaling out to roughly $170 billion, according to Reuters. Billions will go toward Immigration and Customs Enforcement as the agency ramps up its deportation efforts, including a goal of hiring at least 10,000 more agents, according to the White House. In addition, the bill seeks to more than double the detention capacity for those in deportation proceedings and fund further border wall construction, according to Reuters. "Once the One, Big, Beautiful Bill is passed, this historic border security progress will be made permanent and the largest mass deportation campaign in American history will be carried out," Huston added. Unsurprisingly, not everybody is on board with the immigration measures outlined. "A deportation machine will be unleashed on steroids," House Minority Leader Hakeem Jefferies said during his lengthy House floor speech on Thursday.
Yahoo
17 minutes ago
- Yahoo
Intel (NasdaqGS:INTC) Unveils AI-Enhanced ePaper Touchpad for Innovative Laptop Experience
Intel saw a 17% upward price movement over the last month, a striking performance that stands out amidst tech sector advancements. This gain aligns with significant developments, like the launch of a groundbreaking ePaper touchpad solution by E Ink Holdings in collaboration with Intel technologies. Additionally, strategic partnerships and leadership changes at Intel, coupled with broader tech sector optimism seen in Nasdaq gains, likely added to the positive sentiment. Market dynamics suggest that Intel's recent moves align well with investor focus on tech innovation and strategic repositioning, which could lend further confidence to the company's future endeavors. Buy, Hold or Sell Intel? View our complete analysis and fair value estimate and you decide. Uncover the next big thing with financially sound penny stocks that balance risk and reward. The recent collaboration between E Ink Holdings and Intel, combined with strategic partnerships and changes in leadership, holds the potential to impact Intel's ongoing transformation efforts positively. As Intel grapples with organizational complexity and seeks to enhance its innovation play in AI and foundry businesses, these developments could prove crucial in offsetting complexity risks and boosting investor confidence. Despite a 17% rise in its share price over the past month, Intel's longer-term performance remains concerning, with a total return, including dividends, of 25.99% decline over the last year. This performance, when compared to the broader industry, highlights the ongoing challenges Intel faces in achieving growth amid tech sector advancements. Revenue and earnings forecasts could reflect optimism from recent strategic moves. However, broader market dynamics underline critical risks, such as reliance on older manufacturing nodes and geopolitical uncertainties. Analysts currently predict revenue growth of 2.5% annually, which is slower than the overall US market's 8.7% per year growth. Intel's focus on AI and structural transformation could influence future earnings, presenting a pathway for improvement, though benefits may take time to materialize. As the current share price of US$19.94 remains below the average analyst price target of US$21.29, this suggests Intel might still be perceived as undervalued relative to its fair value potential, presenting a mixed outlook for investors as they assess the company's transitional journey. Evaluate Intel's historical performance by accessing our past performance report. This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. Companies discussed in this article include NasdaqGS:INTC. This article was originally published by Simply Wall St. Have feedback on this article? Concerned about the content? with us directly. Alternatively, email editorial-team@ Errore nel recupero dei dati Effettua l'accesso per consultare il tuo portafoglio Errore nel recupero dei dati Errore nel recupero dei dati Errore nel recupero dei dati Errore nel recupero dei dati
Yahoo
18 minutes ago
- Yahoo
On 40th anniversary of ‘Back to the Future,' Allstate celebrates its role in creation of DeLorean time machine
On the 40th anniversary of the 'Back to the Future' movie premiere, Northbrook-based insurance giant Allstate is traveling back to the past to reveal its little-known role in developing the DeLorean, the futuristic but short-lived, gull-winged, stainless steel car that served as Doc Brown's time machine. Without Allstate, Marty McFly might never have left 1985 or perhaps he would have traveled back in time in a Buick, forever disrupting the space-time continuum of the seminal movie trilogy. 'The cars exist because of the partnership Allstate had with DeLorean,' said Sandee Lindorfer, vice president of auto claims for Allstate. In the words of Doc Brown, 'Great Scott!' 'Back to the Future' hit movie theaters on July 3, 1985. A customized 1981 DeLorean DMC-12, which took audiences on joyrides to 1955, 1885 and 2015 over the course of three films, was already relegated to the junkyard of automotive history by the time the movie premiered. In the mid-1970s, Allstate worked with John DeLorean, an automobile executive and engineer, who left GM to launch his own namesake vehicle. The insurance company invested a reported $500,000 in a safety car project, developing prototypes with advanced seatbelt restraints, airbags and improved bumpers. 'We sponsored three prototypes with the DeLorean-Allstate safety car agreement, and we brought one of the prototypes to Congress to show them what could be done around smaller vehicles being more safe and having better fuel economy,' Lindorfer said. One prototype evolved into the sleek DeLorean DMC-12, which went into limited but ill-timed production at a Northern Ireland factory during a recession in 1981, generating buzz but few sales. By 1982, the debt-ridden company was in bankruptcy and its founder in legal trouble, facing indictments on separate drug and fraud charges. John DeLorean was ultimately acquitted on both counts, but his car was seemingly no more than a flash in the pan. Three years later, the DeLorean was reborn as Doc Brown's time machine, and the rest is cinematic history. Initially, the time machine was envisioned as a refrigerator-like chamber that Doc Brown carried on the back of his truck. Then director Robert Zemeckis had the inspiration that the time machine should be mobile, and specifically chose the DeLorean for its futuristic design. 'The way I see it, if you're going to build a time machine into a car, why not do it with some style?' Doc Brown, played by Christopher Lloyd, explains in the movie. In the annals of 'Back to the Future' lore, a lot of similar nuggets have emerged since the film trilogy premiered. For example, the 1989 second installment predicted the Cubs would finally end their century-long World Series drought with a 2015 win over the fictional Miami Gators. The Cubs actually broke through in 2016, beating the Cleveland Indians, but the movie was pretty close. Also, the role of Marty McFly was initially given to Eric Stoltz, who participated in over a month of filming before he was replaced by Michael J. Fox, the more comedically gifted 'Family Ties' star. But Allstate's role in developing the car that begot the time machine and an enduring movie star remained buried in a dusty folder in the back of a corporate cabinet for decades. In 2019, an Allstate archivist found the mysterious DeLorean file and began exploring the mostly forgotten connection. Six years later, on the 40th anniversary of 'Back to the Future,' Allstate is finally ready to take a modest bow. On Tuesday, Allstate rented a pair of vintage DeLoreans to celebrate the movie, the car and the unlikely part the insurance company played in both. Tucked away in the back of an underground garage at Allstate's downsized Northbrook/Glenview headquarters, across the street from its former sprawling corporate campus, the vehicles were briefly on display for the media and a handful of executives. The cars, which included a stock 1981 DeLorean and a tricked-out version replicating the 'Back to the Future' time machine, were rented from an Orland Park company — DeLorean USA Rental — that leases the vehicles for parties and events. 'You can't drive it because the insurer doesn't allow it,' said Tom Sedor, who owns the cars and the rental company. The time machine, which includes a flux capacitor and a Mr. Fusion nuclear reactor in the back — replete with banana peel as fuel — is fully drivable, and the garage and adjacent parking lot offered enough room to get it up to the 88 mph threshold required to go back to the future. But Sedor, 57, who customized the movie mockup with a 3D printer and assorted parts from Menards and RockAuto, said the replica has yet to successfully make the time jump. 'Nothing happened, no sparks,' said Sedor. 'Everything drove normally. Actually, it's very, very impressive to drive.' rchannick@
