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Economic News Room

Elon Says He’s Launching ‘the America Party’ to Compete With Democrats and Republicans If Budget Bill Passes

“Our country needs an alternative to the Democrat-Republican uniparty,” Musk tweeted.

Source: Gizmodo.com | Jul 01, 2025 19:42

AT&T says ‘our network’ wasn’t to blame for Trump’s troubled conference call

AT&T believes its network wasn’t at fault for a conference call where President Donald Trump accused the company of being “totally unable to make their equipment work properly.” Instead, AT&T … Read More

Source: The Verge | Jul 01, 2025 19:34

Despite tariffs, Andy Jassy says Amazon hasn’t ‘seen prices appreciably go up,’ so far

In an interview with CNBC’s Jim Cramer, Amazon CEO Andy Jassy said the tech giant hasn’t seen significant price increases despite ongoing global trade issues.

Source: CNBC | Jul 01, 2025 19:09

Jim Cramer explains how younger buyers are driving market action

CNBC’s Jim Cramer young investors are shaping market action by putting their money into newer companies that promote ideas they find exciting.

Source: CNBC | Jul 01, 2025 19:09

The Trump Robot Has Returned to Center Stage at Disney World, With a Facelift

The president’s uncanny valley robot takes the oath of office for theme park goers in Orlando, Florida.

Source: Gizmodo.com | Jul 01, 2025 18:36

Nvidia insiders dump more than $1 billion in stock: report

Nvidia executives have offloaded over $1 billion in shares during the company’s AI-driven stock surge, with CEO Jensen Huang’s potential sales potentially…

Source: Fox Business | Jul 01, 2025 18:12

Stock market today: Live updates

Traders head into the second half of the year with stocks at record highs but some are optimistic the market could shoot even higher in the months ahead.

Source: CNBC | Jul 01, 2025 18:12

Stablecoin issuer Circle applies for a national bank charter

Circle Internet Group, which debuted on the New York Stock Exchange earlier this month, has applied for a bank charter.

Source: CNBC | Jul 01, 2025 17:41

LGBTQ+ entrepreneurs starting businesses in record numbers

In the face of the backlash against diversity, equity and inclusion initiatives, LGBTQ+ small business owners remain resilient.

Source: CNBC | Jul 01, 2025 17:33

‘Big beautiful bill’ mostly benefits the rich, while low earners would suffer from Medicaid and SNAP cuts, Yale report says

Senate Republicans are trying to pass legislation that would raise incomes for wealthier households and reduce them for low-income families, a report found.

Source: CNBC | Jul 01, 2025 17:22

Even MAGA Is Pissed Off About Tech Bros’ Dream of Bulldozing Federal Lands to Create New Cities

The “Freedom City” movement has reached a dead end—for now.

Source: Gizmodo.com | Jul 01, 2025 17:13

Musk shreds Trump’s tax bill as ‘DEBT SLAVERY,’ vows to unseat Republicans who back it

Musk’s latest tirade came as the voting is underway in the Senate on dozens of amendments to the massive Trump-backed tax bill.

Source: CNBC | Jul 01, 2025 16:49

This Defense Stock Could Be the Next Palantir. Should You Buy It Now?

As defense spending soars across the world, the path to further upside for this stock remains.

Source: Barchart.com | Jul 01, 2025 16:16

Trump Says Roads Prevent Wildfires. The Truth Is More Complicated

Experts say repealing the “Roadless Rule” won’t help stop fires, but it will help loggers.

Source: Gizmodo.com | Jul 01, 2025 16:16

Trump’s big bill threatens to raise taxes on clean energy industry by up to $7 billion, trade group says

Republicans are racing to pass Trump’s domestic spending legislation by a self-imposed Friday deadline.

Source: CNBC | Jul 01, 2025 15:46

Trump rips AT&T service weeks after Trump Mobile licensing deal announced

President Donald Trump criticized AT&T weeks after the Trump Organization announced a wireless mobile licensing deal, Trump Mobile.

Source: CNBC | Jul 01, 2025 15:46

Trump administration probe finds Harvard violated civil rights of Jewish students

A federal civil rights probe found a “pattern of unlawful and unchecked discrimination” at Harvard.

Source: CNBC | Jul 01, 2025 15:17

Trump Whines About AT&T Conference Call Glitches: ‘Totally Unable to Make Their Equipment Work Properly’

“AT&T obviously doesn’t know what they’re doing!” Trump wrote.

Source: Gizmodo.com | Jul 01, 2025 15:17

Can the music industry make AI the next Napster?

Sure, everyone hates record labels – but the AI industry has figured out how to make them look like heroes. So that’s at least one very impressive accomplishment for AI. … Read More

Source: The Verge | Jul 01, 2025 15:08

NASA plans to stream rocket launches on Netflix starting this summer

NASA+ will begin streaming on Netflix this summer.

Source: CNBC | Jul 01, 2025 14:53

Meta shares hit all-time high as Mark Zuckerberg goes on AI hiring blitz

Meta shares hit a record high on Monday, underscoring investor interest in the company’s new AI superintelligence group.

Source: CNBC | Jul 01, 2025 14:47

Forecasters to Lose Hurricane Satellite Data at the Worst Possible Time

This latest blow to federal forecasting abilities is sparking outrage from meteorologists and public officials.

Source: Gizmodo.com | Jul 01, 2025 14:30

Trump Admin Is Building a Searchable Database to Track Citizens

Just normal government stuff.

Source: Gizmodo.com | Jul 01, 2025 14:23

In market rally back to record, best S&P 500 tech trade hasn’t been ‘Mag 7’ or tech sector itself

As the stock market rallies back to near a new record high, tech stocks have led the way, but the way for investors to best play the sector has changed.

Source: CNBC | Jul 01, 2025 14:23

Joby Aviation stock pops 14% after delivering first flying taxi to UAE

The electric vertical takeoff and landing company said Monday that it delivered its first aircraft to the UAE

Source: CNBC | Jul 01, 2025 14:08

Is Block Stock Set to Rebound in 2025?

XYZ shares present a high-risk, high-reward opportunity.

Source: Barchart.com | Jul 01, 2025 13:20

Robinhood gives out tokens of OpenAI and SpaceX. Stock hits record

Robinhood rolled out tokenized shares of OpenAI and SpaceX to users in Europe, its first step toward making private equity broadly accessible via blockchain.

Source: CNBC | Jul 01, 2025 13:20

What biggest investing trends of 2025’s first half suggest about market’s future path

Diversification was back in for investors as markets whipsawed amid tariffs and geopolitics, and even as tech stocks rally back, investors may hedge their bets.

Source: CNBC | Jul 01, 2025 13:11

Corn Slipping Even as Acres Hit Below Expectations

Corn is sticking withing a couple cents of unchanged so far on Monday’s midday, with the USDA reports a dud ahead of the July 4th holiday later this week…

Source: Barchart.com | Jul 01, 2025 13:01

An employee benefit linked to financial stress is becoming more popular than 401(k)

Employees are feeling financial stress and many are living paycheck to paycheck. On demand pay helps them access their money when they need it.

Source: CNBC | Jul 01, 2025 12:47

Is Nike Stock Finally Out of the Woods?

The worst seems over for Nike as the company’s fiscal Q4 earnings show reassuring progress in the turnaround under CEO Elliott Hill.

Source: Barchart.com | Jul 01, 2025 12:21

Coffee Prices Fall on Abundant Rainfall in Brazil

September arabica coffee (KCU25 ) today is down -1.40 (-0.46%), and September ICE robusta coffee (RMU25 ) is down -11 (-0.30%). Coffee prices today are…

Source: Barchart.com | Jul 01, 2025 12:16

Elon Musk Is Back at Tesla, but the Magic Might Be Gone

After a political detour that angered customers and tanked profits, the billionaire CEO returns to a Tesla in crisis.

Source: Gizmodo.com | Jul 01, 2025 11:57

White House expects more countries will drop digital services taxes after Canada backs down

Kevin Hassett’s comments came just over a week before the Trump administration’s self-imposed deadlines when steep U.S. tariffs are set to restart.

Source: CNBC | Jul 01, 2025 11:57

S&P 500 and Nasdaq 100 Post Record Highs Amid Signs of Trade Progress

The S&P 500 Index ($SPX ) (SPY ) today is up +0.16%, the Dow Jones Industrials Index ($DOWI ) (DIA ) is up +0.25%, and the Nasdaq 100 Index ($IUXX … Read More

Source: Barchart.com | Jul 01, 2025 11:36

Canada drops Big Tech tax to appease Trump

Canada has scrapped its tax targeting Big Tech companies in the US after President Donald Trump threatened to cut off trade talks in response to the fee. On Sunday, the … Read More

Source: The Verge | Jul 01, 2025 11:24

Robinhood grows its global crypto footprint with U.S. stock tokens for the EU

Robinhood is offering tokenized U.S. stocks and ETFs across Europe, crypto staking in the U.S., perpetual futures for eligible EU traders, and a new blockchain.

Source: CNBC | Jul 01, 2025 11:09

Dollar Slips on Trade Uncertainties and Threats of Soaring Deficits

The dollar index (DXY00 ) is down by -0.20% and posted a 3-1/4 year low. The dollar remains under pressure on uncertainties over US trade policies with many …

Source: Barchart.com | Jul 01, 2025 10:58

Here’s What to Expect From Travelers Companies’ Next Earnings Report

Travelers Companies is expected to announce its second-quarter results next month, and analysts anticipate significant double-digit earnings growth.

Source: Barchart.com | Jul 01, 2025 10:44

You Might Be More of an Active Investor Than You Think

Cap-weighted ETFs are not fully passive. They actively overweight rising stocks and underweight declining ones through constant rebalancing. Over the past 10…

Source: Barchart.com | Jul 01, 2025 10:16

Solar stocks fall as Trump bill taxes components from China, phases out credits

The latest version of President Donald Trump’s “big, beautiful bill” hits clean energy hard, though Wall Street also views some companies as relative winners.

Source: CNBC | Jul 01, 2025 10:09

Stocks See Support as Signs of Trade Progress Boost Market Sentiment

The S&P 500 Index ($SPX ) (SPY ) today is up +0.27%, the Dow Jones Industrials Index ($DOWI ) (DIA ) is up +0.40%, and the Nasdaq 100 Index ($IUXX … Read More

Source: Barchart.com | Jul 01, 2025 10:09

The wrong kind of Fed rate cuts are coming, says JPMorgan. What that means for stocks, bonds and the dollar.

The market is getting increasingly excited about the possibility of interest-rate cuts from the Federal Reserve, but London-based strategists at JPMorgan say…

Source: MarketWatch | Jul 01, 2025 09:58

Why Automattic CEO Matt Mullenweg went to war over WordPress

Today, I’m talking with Matt Mullenweg, the founder and CEO of Automattic, the parent company of WordPress.com, Tumblr, and a whole host of other products like the new cross-platform messaging … Read More

Source: The Verge | Jul 01, 2025 09:58

Nvidia: 3 Long Call Plays – One Was Clearly Built for Profit

Long calls profit from upside moves, but time is key. Longer-dated options reduce decay and improve odds.

Source: Barchart.com | Jul 01, 2025 09:44

Why You Should Care About This War Over the Future of Money

A legendary short seller who took down Enron is in open combat with the CEO who has staked his entire company on Bitcoin. Their fight is about more than just … Read More

Source: Gizmodo.com | Jul 01, 2025 09:37

Jeff Bezos Unloads $5.4B in Amazon Shares: Should You Buy or Sell AMZN Stock Now?

Newlywed Jeff Bezos is dumping a massive amount of Amazon stock. Here’s what it means for traders now.

Source: Barchart.com | Jul 01, 2025 09:37

U.S. stocks are at record highs, but the outlook for the world’s largest economy is no clearer

Economic modeling is “very difficult” right now because “things are changing constantly,” Atlanta Fed President Raphael Bostic told CNBC’s “Squawk Box Europe.”

Source: CNBC | Jul 01, 2025 09:00

Google makes first foray into fusion in venture with MIT spinoff Commonwealth Fusion Systems

Google announces partnership with Commonwealth Fusion Systems, a private company spun off from the Massachusetts Institute of Technology. Here is what to know.

Source: CNBC | Jul 01, 2025 09:00

German inflation unexpectedly falls to 2% in June, hitting ECB’s target

Analysts polled by Reuters had expected a reading of 2.2% in the twelve months to June.

Source: CNBC | Jul 01, 2025 08:19
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