As House Republicans‘ push to pass President Donald Trump’s sweeping tax-and-spending bill, the latest Congressional Budget Office (CBO) score only intensified the debate — arming both sides with new ammunition in an already bitter fiscal fight. The CBO provides an estimate of how much legislation will cost or save over time and what it will […] ...
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Job growth picked up in June despite economic uncertaintyJob growth picked up in June despite economic uncertainty
The U.S. economy added jobs in June at a faster pace than in recent months, despite economic uncertainty stemming from trade, tax and monetary policy. The Labor Department on Thursday reported that employers added 147,000 jobs in June. That figure was above the estimate of economists polled by LSEG, who projected 110,000 jobs would be […] ...
Chinese coffee giant makes bold move into Starbucks territory with NYC debutChinese coffee giant makes bold move into Starbucks territory with NYC debut
Starbucks’ Chinese rival Luckin Coffee entered the U.S. market this week, launching its first two locations in New York City. The locations at 755 Broadway in Greenwich Village and 800 6th Ave. in Chelsea, mark the company’s first foray into capturing U.S. customers. One of its first patrons, in fact, drove 22 hours from Florida […] ...
Fireworks sales boom as Americans gear up for Fourth of July celebrationsFireworks sales boom as Americans gear up for Fourth of July celebrations
Americans look forward to celebrating the Fourth of July each year. Cookouts, parades, and gatherings are common, as is attending fireworks shows. Some people put on their own shows by purchasing consumer fireworks. American consumers have been buying fireworks ahead of July 4 and spending a significant amount of money on them, according to members […] ...
Kraft Heinz recalls more than 367,000 pounds of Oscar Mayer turkey bacon over listeria concernsKraft Heinz recalls more than 367,000 pounds of Oscar Mayer turkey bacon over listeria concerns
More than 367,000 pounds of Oscar Mayer turkey bacon have been recalled over concerns that the products may be contaminated with listeria bacteria, which can potentially cause severe infections. The recall — voluntarily issued by Kraft Heinz,— covers fully cooked and vacuum-packed Oscar Mayer turkey bacon produced between April 24 and June 11. The affected […] ...
Trump calls for Fed Chair Jerome Powell to immediately resign: ‘Too late’Trump calls for Fed Chair Jerome Powell to immediately resign: ‘Too late’
In the latest escalation in the feud between President Donald Trump and Federal Reserve Chair Jerome Powell, the president appeared to call for Powell to resign after the head of the Federal Housing Finance Agency (FHFA) alleged Powell gave “deceptive” testimony to Congress. Trump has expressed frustration with Powell for months for refusing to lower […] ...
Southwest installs ‘third set of eyes’ in cockpit to boost safetySouthwest installs ‘third set of eyes’ in cockpit to boost safety
Southwest Airlines is rolling out new technology in its Boeing 737 fleet in hopes of making takeoffs and landings safer. “Traffic doubles every 15 years…it is really seconds from disaster…We have a very safe system, but we need new technologies to keep that safety level,” explained Thea Feyereisen, Distinguished Technical Fellow with Honeywell Aerospace. That’s […] ...
Ford recalls more than 200,000 vehicles with software glitch due to crash riskFord recalls more than 200,000 vehicles with software glitch due to crash risk
The Ford Motor Company announced it is recalling over 200,000 vehicles because of a software malfunction that can cause rearview cameras to fail, increasing the risk of a crash and possibly injury. According to a recall notice posted by the National Highway Traffic Safety Administration (NHTSA), the vehicle manufacturer is recalling 200,061 vehicles, including certain […] ...
Tom Brady’s $250K card deal among viral moments to air in Fanatics Fest behind-the-scenes specialTom Brady’s $250K card deal among viral moments to air in Fanatics Fest behind-the-scenes special
Fanatics Fest was bigger and better this year at the Javits Center in New York City, and those superfans who weren’t able to attend to see their favorite athletes and celebrities will still be able to get the full experience. ESPN, Fanatics and OBB Pictures are releasing “Fanatics Fest: All Access” July 7, which will […] ...
Most Americans taxes to go up if House can’t pass ‘big, beautiful bill’Most Americans taxes to go up if House can’t pass ‘big, beautiful bill’
House Republicans are trying to cobble together the votes to pass President Donald Trump’s “big, beautiful bill,” and if they fail to do so, a broad swathe of Americans could feel the impact on their wallets. Fiscal hawks in the House Freedom Caucus are upset with the changes made to the bill by the Senate, […] ...
Trump’s tariff policies reshape online shopping habits, new report findsTrump’s tariff policies reshape online shopping habits, new report finds
A new report suggests that the Trump administration’s tariff policies are weighing on e-commerce as consumers have reconsidered how they go about making purchases. A report by AlixPartners found that tariffs are influencing consumers who are trying to time their online shopping purchases to avoid the impact of tariffs, with a similar number of shoppers moving up and […] ...
Iconic LA movie studio goes up for sale with a price tag of $45 millionIconic LA movie studio goes up for sale with a price tag of $45 million
A well-known Los Angeles film studio lot is up for sale with an eight-figure price tag. The owners of Occidental Studios are looking to sell the historic film studio for $45 million. “This is a place with a whole lot of history. It was first built back in 1913 before some movies even had sound,” […] ...
Amazon Prime members score major gasoline savings for July 4th road tripsAmazon Prime members score major gasoline savings for July 4th road trips
Amazon Prime members can save money fueling up their cars over the Fourth of July holiday weekend as part of an early deal ahead of Prime Day. Prime members can get $1 off the cost of each gallon of gas for up to 35 gallons during one stop at participating BP, Amoco or ampm gas […] ...
Cyberattack hits major airline, up to 6M customer profiles exposedCyberattack hits major airline, up to 6M customer profiles exposed
Australian airline Qantas said it suffered a cybersecurity incident that impacted the personal data of millions of customers. The carrier said it was contacting customers on Wednesday to inform them it had detected “unusual activity” on a third-party platform used by a Qantas airline contact center, which holds service records for 6 million people. After […] ...
DeSantis says Florida may need ‘entry tax’ as socialist NYC mayoral candidate threatens exodusDeSantis says Florida may need ‘entry tax’ as socialist NYC mayoral candidate threatens exodus
Florida Gov. Ron DeSantis has hinted that the Sunshine State is preparing for another wave of new residents and businesses after New York City mayoral candidate Zohran Mamdani’s stunning primary win. “We’ve absorbed a lot of people over the years,” DeSantis told Fox News’ Sean Hannity on Tuesday evening. “I think this guy’s policies, soup […] ...
Experts warn Senate tax bill accelerates Medicare and Social Security insolvency datesExperts warn Senate tax bill accelerates Medicare and Social Security insolvency dates
The Senate-passed version of the Republicans’ One Big Beautiful Bill Act that’s now under consideration by the House would speed up the insolvency of the trust funds that help finance Social Security and Medicare, according to a new analysis. Last month, the trustees of the Social Security and Medicare trust funds released a report showing the trust […] ...
American Airlines-backed electric air taxi company aims to change how people travelAmerican Airlines-backed electric air taxi company aims to change how people travel
Vertical Aerospace, a British company backed by Honeywell, Rolls-Royce and American Airlines, is rapidly gaining ground in bringing its electric vertical take-off and landing aircraft to market. The company, which has been pioneering zero-emissions aviation since 2016, aims to become readily available for consumers in the next three years. Vertical Aerospace CEO Stuart Simpson, who […] ...
Paramount CEO George Cheeks explains why company paid Trump millions to settle ’60 Minutes’ lawsuitParamount CEO George Cheeks explains why company paid Trump millions to settle ’60 Minutes’ lawsuit
Paramount Global co-CEO George Cheeks insisted on Wednesday that his company needed to settle President Donald Trump’s “election interference” lawsuit in order to avoid unpredictable legal costs, the possibility of an adverse judgment, and disruptions to business operations. Paramount Global and CBS agreed on Tuesday to pay a sum that could reach north of $30 […] ...
McDonald’s introduces sweet, spicy summer menu itemsMcDonald’s introduces sweet, spicy summer menu items
McDonald’s is preparing to turn up the heat this summer with the introduction of some spicy menu items. The fast-food giant says it has been serving up the “GOAT breakfast sandwich” for 50 years, and starting July 8, a new spicy variation of the Egg McMuffin will be available at participating restaurants for a limited […] ...
Trump announces Vietnam trade deal, says US given ‘total access’ to their marketsTrump announces Vietnam trade deal, says US given ‘total access’ to their markets
President Donald Trump announced Wednesday that he has struck a trade deal with Vietnam. “It will be a Great Deal of Cooperation between our two Countries. The Terms are that Vietnam will pay the United States a 20% Tariff on any and all goods sent into our Territory, and a 40% Tariff on any Transshipping,” […] ...
Microsoft announces another round of layoffs affecting thousands of workersMicrosoft announces another round of layoffs affecting thousands of workers
Microsoft will lay off thousands of workers in the second round of job cuts in recent months. The layoffs, first reported by The Seattle Times, will lead to a less than 4% reduction in Microsoft’s overall headcount. The company previously announced layoffs of approximately 6,000 employees in May. Last month, reports also said Microsoft was cutting […] ...
Republicans subpoena former Pfizer exec over timing of COVID vaccine clinical testsRepublicans subpoena former Pfizer exec over timing of COVID vaccine clinical tests
House Republicans subpoenaed Pfizer’s former Vice President and Chief Scientific Officer of RNA and Viral Vaccines Dr. Philip Dormitzer. The House Judiciary Committee requested in May that Dormitzer voluntarily cooperate with an investigation of whether Pfizer withheld the positive results of its COVID-19 vaccine trials to influence the 2020 election. However, the committee is now […] ...
Iran conflict reveals need for America to rethink defense supply chain, expert saysIran conflict reveals need for America to rethink defense supply chain, expert says
The historic strikes on Iran revealed more than just U.S. power on the world stage — they also exposed the defense industry’s potential weak points in its supply chain. Exiger CEO Brandon Daniels believes that if America can rethink how it approaches its defense supply chain, it could transform from a major vulnerability into the […] ...
Wyoming rare earth mining facility to be first to open in over 70 yearsWyoming rare earth mining facility to be first to open in over 70 years
The U.S. Secretary of Energy and other elected officials are preparing to travel to Wyoming for the opening of the first new coal mine in the state in more than five decades. The ribbon cutting for the Brook Mine Carbon Ore Rare Earth project will be on July 11. National and state leaders are expected […] ...
Private sector lost 33,000 jobs in June, well below expectations, ADP saysPrivate sector lost 33,000 jobs in June, well below expectations, ADP says
Companies in the private sector lost 33,000 jobs in June, payroll processing firm ADP said Wednesday. The figure is well below economists’ estimates of a gain of 95,000 jobs and down from the prior month’s revised reading of 29,000. “Though layoffs continue to be rare, a hesitancy to hire and a reluctance to replace departing […] ...