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With June jobs report looming, DOGE government layoffs could start becoming a factor

Preview: A gradual pullback in hiring and job openings has come as hundreds of thousands of federal workers are out looking for employment.

Trump's megabill is in real trouble, as House GOP defectors vote 'no' on advancing it

Preview: Speaker Mike Johnson can lose just three members' votes and still pass the bill in a party-line vote. But more than a dozen Republicans are currently noes.

Hong Kong's IPO market is on fire — here's what's fueling the surge

Preview: Hong Kong is on track to become the world's largest listing destination this year, surpassing the Nasdaq and the New York Stock Exchange.

U.S. lifts chip software curbs on China amid trade truce

Preview: The U.S. government has rescinded its export restrictions on chip design software to China, U.S.-based Synopsys announced.

Trump says U.S. struck trade deal with Vietnam that imposes 20% tariff on its imports

Preview: Vietnam, whose exports to the U.S. reportedly comprised 30% of its gross domestic product last year, is especially vulnerable to Trump's tariffs.

Microsoft laying off about 9,000 employees in latest round of cuts

Preview: Microsoft surpassed expectations on revenue and profit but is slimming down across ranks, organizations and geographies.

Why Trump tax deductions — for tips, car loans and more — may not carry large benefits for low earners

Preview: Republicans are trying to create tax deductions for tips, car loan interest and overtime pay. Experts say they wouldn't benefit low earners much.

Homeowner’s insurance premiums vary widely from state to state, but they are all going up

Preview: Homeowner’s insurance premiums are going up as increasingly severe storms and other disasters, combined with rising housing costs, are pushing rates higher.

Datadog stock jumps 10% on tech company’s inclusion in S&P 500 index

Preview: Hewlett Packard Enterprise's closing of its Juniper deal created an opening in the index, which has added several technology companies in recent months.

OpenAI says Robinhood's tokens aren't equity in the company

Preview: OpenAI said it was not involved in Robinhood’s launch of tokenized shares in Europe, warning users the assets were issued without its approval.

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GOP holdouts stall Trump agenda into the night, with outcome uncertain

Preview: The GOP’s “big, beautiful bill” hit a wall late Wednesday night when a group of hardline conservatives and moderate Republicans combined forces to stall the sprawling package. Lawmakers returned to the House chamber at 9:30 p.m. — after an hours-long delay — to hold a procedural vote that would open up debate on the megabill and tee...

Ramaswamy raises nearly $10 million since entering Ohio gubernatorial race

Preview: Ohio Republican gubernatorial candidate Vivek Ramaswamy raised nearly $10 million since entering the statewide race roughly four months ago, according to his campaign. Ramaswamy, who ran in the 2024 Republican Party presidential primary before dropping out in mid-January last year, brought in $9.7 million since launching his gubernatorial run in late February, his campaign said...

Live updates: Republicans hold open critical vote on Trump megabill in dramatic scene

Preview: The House returned to the floor Wednesday night after several hours in a holding pattern while GOP leaders leaned on Republican holdouts to allow President Trump's "big, beautiful bill" to advance. But the vote hasn't gone smoothly. Republicans have kept it open for more than an hour as they try to convince one of the...

Nevada Democrat says Trump megabill could push gamblers 'into the black market'

Preview: Democratic Rep. Dina Titus (Nev.) said on Wednesday that the GOP megabill backed by President Trump will have an adverse impact on gamblers due to its tax provisions. The big, beautiful bill text would strike previous deductibles by 10 percent, according to the senate passed version. The 90 percent deduction cap would require someone who...

U.S. citizen seeks $1 million after arrest, detention for recording immigration raid

Preview: The Mexican American Legal Defense and Educational Fund (MALDEF) said Wednesday they were preparing to initiate a $1 million lawsuit on behalf of a U.S. citizen detained in Los Angeles after recording a raid at a local Home Depot store. The civil rights organization filed a claim against Immigration and Customs Enforcement (ICE), U.S. Customs...

Chip Roy says Senate's Medicaid cuts 'a bit better' than expected

Preview: Rep. Chip Roy (R-Texas) said during a recent interview that Medicaid cuts in the Senate-passed “big, beautiful bill” are a “bit better” than what he expected, but he added that he still has “concerns.” “I will note that I have now gotten a little bit more information on some of the Medicaid stuff that I...

Trump tells Powell to leave

Preview: Welcome to The Hill's Business & Economy newsletter {beacon} Business & Economy Business & Economy   The Big Story Trump says Powell should ‘resign immediately’ President Trump on Wednesday called for Federal Reserve Chair Jerome Powell to resign after the overseer of Fannie Mae and Freddie Mac called for Congress to investigate Powell over past...

House nears finish line on health cuts

Preview: Presented by Vaccinate Your Family {beacon} Health Care Health Care   The Big Story House inches toward finish line on health cuts bill House Republicans were stuck in a holding pattern late Wednesday as leadership tried to win over a handful of conservatives and some moderates to support President Trump’s tax cut bill. © AP...

Former Obama Treasury secretary: Mamdani policies not 'good for New York'

Preview: Former Treasury Secretary Jack Lew slammed New York City Democratic mayoral candidate Zohran Mamdani for his policy proposals based on socialist initiatives. Mamdani has promised to push for free buses, free child care and rent freezes if elected to office. “The policies that he’s outlined are not policies that are good for New York. He’s...

Davidson flips to 'yes' on Trump's 'big, beautiful bill'

Preview: Rep. Warren Davidson (R-Ohio), who in May voted against the House GOP’s version of President Trump’s megabill, said Wednesday that he's a "yes" on the Senate-passed legislation. “I got to say, no one puts a deal together like President Trump, he's a master. But I think one of the other persuasive things was just looking...

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'Couldn't believe it': Floridians emerge from Idalia's destruction with hopes to recover

Preview: After Hurricane Idalia made landfall on Wednesday, Florida communities are emerging to see its destruction with hopes and plans to recover.

Idalia downgraded to tropical storm after hitting Georgia, Carolinas, Florida: Updates

Preview: Downgraded to a tropical storm, what had been Hurricane Idalia powered across Georgia and the Carolinas on Wednesday evening.

Mitch McConnell to consult doctor after freezing, struggling to speak for second time this summer

Preview: The 81-year-old Republican Senate minority leader struggled to answer reporters' questions in Kentucky, requiring help and drawing questions about his health

LOOK: World record 92,003 fans watch Nebraska volleyball match at Memorial Stadium

Preview: Nebraska volleyball set a women's sports attendance record Wednesday night as 92,003 fans descended on Memorial Stadium to watch the match vs. Omaha.

At least 73 people dead after fire engulfs building occupied by the homeless in Johannesburg

Preview: At least 73 people died when a fire ripped through a multi-story building in Johannesburg overtaken by homeless people, authorities said Thursday.

Where did Idalia make landfall? Maps show damage, aftermath of storm's destructive path

Preview: As the storm moves away from the shore, it can cause an additional life-threatening hazard: inland flooding. Georgia and the Carolinas are at risk.

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Wall Street Banks Prepare to Sell Billions of Dollars of X Loans

Preview: Banks are hoping to sell the X debt at around 90 to 95 cents on the dollar.

Canada to Provide $720 Million to Canada Post to Avoid Insolvency at Mail Service

Preview: The Canadian government said it would provide extraordinary financing to Canada Post to avoid insolvency at the state-owned mail service.

Amazon Willing to Discuss Quebec Shutdown With Canadian Officials

Preview: Amazon.com said it is open to talks with officials from the Canadian and Quebec governments about the decision to shut down operations in the country’s French-speaking province, which would lead to 1,700 people losing their jobs.

Target Drops DEI Goals and Ends Program to Boost Black Suppliers

Preview: Once a stalwart supporter of Black and LGBTQ rights, the retailer joined corporate America’s retreat from DEI initiatives.

Energy & Utilities Roundup: Market Talk

Preview: Find insight on Cnooc, YTL Power International, Ampol, and more in the latest Market Talks covering energy and utilities.

Basic Materials Roundup: Market Talk

Preview: Find insight on CSX, Givaudan, Rio Tinto and more in the latest Market Talks covering basic materials.

Auto & Transport Roundup: Market Talk

Preview: Read about CSX, Magna International, Alaska Air and more in the latest Market Talks covering the auto and transport sector.

Financial Services Roundup: Market Talk

Preview: Find insight on Banca Monte dei Paschi di Siena’s bid for Mediobanca, Travelers and more in the latest Market Talks covering financial services.

Novo Nordisk Shares Surge on New Obesity Drug Results

Preview: Novo Nordisk shares rose sharply after the Danish pharmaceutical giant said an experimental weight-loss shot helped patients lose 22% of their body weight in a clinical trial.

EU Conditionally Approves International Paper's $7.16 Billion DS Smith Buy

Preview: The European Commission said that the parties’ offer to sell five of International Paper’s plants in Europe fully addresses its competition concerns over the deal.