Moroccan police arrested at least 111 people on Saturday as they tried to enter Spain’s North African enclave of Ceuta, amid tightened security on both sides of the border after social media posts called for another mass migrant crossing. The attempted crossing came two weeks after more than 72,000 migrants surged into Ceuta, sparking tensions…
Sky-high rental costs across the U.S. are swallowing up a large share of Americans’ paychecks in cities, as a stubborn supply shortage keeps prices elevated. According to Zillow, the median rent for a two-bedroom home in New York City, the country’s priciest metro area, runs $4,750 a month — or $57,000 a year. That’s more…
Inflation eased for the second consecutive month, rising at a 3.4% annual pace in July, in line with economists’ expectations and a signal that some price pressures may be easing. By the numbers Economists polled by the financial data firm FactSet predicted July inflation rose at an annual rate of 3.4%. Oil prices surged in…
Layoffs across the U.S. in July fell to their lowest level in two years, new data shows, a sign that the labor market remains resilient despite the impact of inflation driven by the Iran war and artificial intelligence. Employers announced 33,429 job cuts in July, down 46% from a year ago, according to outplacement firm…
Morocco is blaming last week’s massive surge of migrants into the Spanish enclave of Ceuta on various factors, including “malicious exploitation of digital platforms” and the spread of misleading information. Most of the migrants were sent back home by Spanish officials after the sudden — and deadly — border rush. A Moroccan official said late Sunday that…
Beneath two now-deserted villages in western Ukraine — the site of World War II-era massacres — archaeologists are uncovering the bones at the heart of a dispute that has strained relations between Warsaw and Kyiv for years. Disagreements over what happened and who is responsible for the Volyn massacres have long cast a shadow over…
President Trump on Monday urged U.S. oil companies to take action to ease gasoline prices, saying that the energy giants “made too much money” from high oil prices due to the Iran war. Mr. Trump’s remarks come as Brent crude, the international benchmark, fell more than 4% on Monday to about $84 a barrel amid…
The Federal Reserve is expected to leave interest rates unchanged at its July meeting on Wednesday, but rising oil prices have prompted investors to sharply increase their bets that a fresh rate hike could come later this year. At the start of the year, many economists expected at least one rate cut in 2026. But…
President Trump gave his 2026 State of the Union address on Tuesday evening, during which he addressed, among other topics, the economy — an urgent topic of concern for millions of Americans who say they’re worried about everything from the price of food to spiraling health care costs. The president touted his work during his…
The Consumer Price Index rose at an annual rate of 2.4% in February, unchanged from the prior month and representing a cooler pace than economists had forecast. The Labor Department data captures the period before the Iran war broke out in late February. Since then, oil prices have surged, driving inflation concerns among investors. “Inflation was starting to ease in…
