Author: cyrus
House Republicans Clear Critical Hurdle in Trump Tax Bill Debate
Key Points Background On July 3, 2025, House Republicans cleared a crucial procedural hurdle, voting 219-213 to advance President Donald Trump’s sweeping tax-cut and spending [more…]
Trump tariffs live updates: Trump announces Vietnam deal as US-China trade tensions ease
Key Points Vietnam Trade Deal On July 2, 2025, President Donald Trump announced a preliminary trade deal with Vietnam, imposing a 20% tariff on Vietnamese [more…]
Stock market today: Dow, S&P 500, Nasdaq futures tick higher as Wall Street braces for June jobs report
Key Points Current Market Futures As of 01:59 AM PDT on Thursday, July 3, 2025, the stock market futures are showing slight gains: These figures [more…]
June jobs report expected to show hiring slowed while unemployment rate ticked higher
Key Points Expected Hiring Trends Economists anticipate a slowdown in hiring for June 2025, with nonfarm payrolls expected to grow by 100,000 to 115,000, compared [more…]
Intel’s new CEO explores a big shift in the chip manufacturing business
Key Points Background Intel, a leading semiconductor company, has faced challenges recently, posting a net loss of $18.8 billion in 2024, its first unprofitable year [more…]
China Races to Challenge US Dollar Dominance with Stablecoin Push and New Regulations in Hong Kong
Key Points Overview China is making strides in stablecoin development, particularly through Hong Kong, to enhance the yuan’s international role. This move is seen as [more…]
Paramount Settles Trump’s ‘60 Minutes’ Suit for $16 Million
Key Points Settlement Details Paramount Global, the parent company of CBS News, has agreed to pay $16 million to settle Trump’s lawsuit related to edits [more…]
Senate Passes Trump’s Sweeping Tax and Immigration Bill: Cost Estimates, Impact on 2025 Tax Cuts and Spending
Tax Provisions The bill extends and expands various tax cuts, including making the 2017 Tax Cuts and Jobs Act provisions permanent, eliminating taxes on tips [more…]
Fed Stress Test Results Clear Path for US Banks; JPMorgan and Wells Fargo Announce Dividend Increases and Share Repurchase Plans
Market Overview Following the release of the 2025 Federal Reserve stress test results on June 27, 2025, the largest US banks have begun announcing increases [more…]
Stock market today: Dow, S&P 500, Nasdaq futures rise as Trump’s tax bill heads to House
Key Points Market Overview As of early Wednesday, July 2, 2025, stock futures for the Dow, S&P 500, and Nasdaq are showing gains, aligning with [more…]