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U.S. employers added a surprising 228,000 jobs last month, showing that the American labor market was in solid shape as President Donald Trump embarked on a risky trade war with the rest of the world. The unemployment rate ticked up to 4.2%. The hiring numbers were up from 117,000 in February and were nearly double the 130,000 that economists had expected.

The 'bloom is off the rose' for Trump and the energy sector as stocks and prices plunge

Schwab said the forum, which convenes annual gatherings in the Swiss resort of Davos, must recover its "sense of mission" after a period of turmoil, the Financial Times first reported, citing a letter to trustee board members and confirmation by two people with knowledge of the situation. He did not give a timeline for his departure from the organisation, but the WEF said in a statement to the FT that the process should be completed by January 2027. Schwab will remain in this role until a successor is appointed, the WEF spokesperson told Reuters, without providing a timeline.

Many firms will have their first encounter with the HTS classification system and posting surety bonds with CBP.

President Trump just made the job of the Federal Reserve that much more difficult as he unveiled the steepest tariffs in more than 100 years, taking markets by surprise.

Federal Reserve Governor Lisa Cook said on Thursday that the central bank can take its time to assess a highly unsettled environment before moving interest rates again, amid risks inflation could worsen due to tariffs. “Amid growing uncertainty and risks to both sides of our dual mandate, I believe it will be appropriate to maintain the policy rate at its current level while continuing to vigilantly monitor developments that could change the outlook,” Cook said in a speech at the University of Pittsburgh. “For now, we can afford to be patient but attentive" with monetary policy "well positioned" to deal with what lies ahead, she said.

The U.S. Department of Energy said it has identified 16 federal sites, including storied nuclear research laboratories such as Los Alamos, where tech companies could build data centers in a push to accelerate commercial development of artificial intelligence technology. The sites are “uniquely positioned for rapid data center construction, including in-place energy infrastructure with the ability to fast-track permitting for new energy generation such as nuclear,” the agency said in a statement Thursday. The move follows an executive order signed in January by outgoing President Joe Biden that sought to remove hurdles for AI data center expansion in the U.S. while also encouraging those data centers, which require large amounts of electricity, to be powered with renewable energy.