Republican opposition to the GOP’s “big, beautiful” reconciliation bill appeared to be softening Wednesday night after President Donald Trump and White House budget director Russ Vought spent hours meeting with party holdouts during procedural votes that party leaders held open. House leaders have no desire to change the contents of the Senate-passed bill, which would…
Every weekday, the CNBC Investing Club with Jim Cramer releases the Homestretch — an actionable afternoon update, just in time for the last hour of trading on Wall Street. Market moves: The S & P 500 was nicely higher on Wednesday, with the broad market index on pace for another record close. The session follows…
A worker stitches apparels at a garment factory in Vietnam’s Thai Nguyen Province on July 2, 2025. Nhac Nguyen | Afp | Getty Images President Donald Trump said Wednesday that the United States has struck a trade deal with Vietnam that includes a 20% tariff on the southeast Asian country’s imports to the U.S. Trump’s…
President Donald Trump’s boast that the U.S. is experiencing economic “growth” at levels “never seen before” was quickly fact-checked by a damning jobs report. New data showed private sector employment fell by 33,000 jobs in June, payroll processing firm ADP announced Wednesday. Not only is this figure far below the estimated gain of 95,000 jobs…
People visit booths set up by the City of Sunrise and their police department at the Mega JobNewsUSA South Florida Job Fair at the Amerant Bank Arena on April 30, 2025 in Sunrise, Florida. Joe Raedle | Getty Images Private sector hiring unexpectedly contracted in June, payrolls processing firm ADP said Wednesday, in a possible…
Speaker of the House Mike Johnson (R-LA) speaks with reporters as he returns to his office after going to the House Rules Committee as it holds a hearing to consider the One, Big, Beautiful Bill Act at the U.S. Capitol on July 01, 2025 in Washington, DC. House Republicans began their work on the legislation…
Sunset scene of light trails traffic speeds through an intersection in Gangnam center business district of Seoul at Seoul city, South Korea Mongkol Chuewong | Moment | Getty Images Asia-Pacific markets opened mostly lower on Wednesday as investors digest the latest comments from U.S. Federal Reserve Chair Jerome Powell. Powell said Tuesday that the central…
Amazon billionaire Jeff Bezos and his new wife are winding down after their $50 million wedding by honeymooning at a White Lotus landmark. Bezos, 61 and Lauren Sánchez, 55, are reportedly spending their honeymoon at the San Domenico Palace, a Four Seasons resort in Taormina, Sicily, following their controversial and star-studded three-day-long Venice wedding. Jeff…
Elon Musk admitted Tuesday that his decision to wave a chainsaw over his head onstage at the Conservative Political Action Conference in February “lacked empathy.” Musk was responding to an X user who argued that the multibillionaire’s erratic behavior as the head of the Department of Government Efficiency detracted from its work. “Maybe you shouldn’t…
Senate staffers rest on the U.S. Capitol steps at sunrise as Republican lawmakers struggle to pass U.S. President Donald Trump’s sweeping spending and tax bill, on Capitol Hill in Washington, D.C., U.S., July 1, 2025. Nathan Howard | Reuters How to read this guide Follow along from start to finish, or use the table of…