The private sector lost 33,000 jobs in June, badly missing expectations for a 100,000 increase, ADP says

Economists polled by Dow Jones forecasted an increase of 100,000 for the month.

Published: 42 minutes ago

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

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

Published: 9 minutes ago

Tesla reports 14% decline in vehicle deliveries, marking second straight year-over-year drop

Tesla reported another year-over-year decline in vehicle deliveries as the company faces increased competition from lower-cost rivals.

Published: 28 minutes ago

Trump announces U.S. trade deal with Vietnam

President Donald Trump said the United States has struck a trade deal with Vietnam.

Published: 5 minutes ago

This analyst hasn't been as bullish on JPMorgan and others since Financial Crisis because of AI

Steven Alexopoulos of TD Cowen believes AI created a huge buying opportunity for his bank picks, like JPMorgan, not seen since the Great Financial Crisis.

Published: 35 minutes ago

House Republicans race to pass Trump's megabill amid GOP divisions

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 "no's."

Published: 1 hour ago

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

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

Published: 43 minutes ago

Elon Musk's X is down for some users

Elon Musk's social media platform X was hit with an outage, leaving some users unable to load the site.

Published: 11 minutes ago

Sean 'Diddy' Combs convicted on prostitution counts, but cleared of more serious charges

Combs was convicted of transportation to engage in prostitution but acquitted of racketeering conspiracy and two counts of sex trafficking.

Published: 13 minutes ago

New Stellantis CEO taps Kuniskis to oversee American brands, brings back SRT division

Tim Kuniskis was promoted to lead American brands and North American marketing for Stellantis.

Published: 20 minutes ago

Amazon deploys its 1 millionth robot in a sign of more job automation

Amazon announced its millionth worker robot, and said its entire fleet will be powered by a newly launched generative artificial intelligence model.

Published: 5 hours ago

AI virtual personality YouTubers, or ‘VTubers,’ are earning millions

Published: 3 hours ago

Pentagon halts weapons shipment to Ukraine amid concerns over U.S. stockpile

The move "was made to put America’s interests first," a White House spokeswoman said, as U.S. munitions have been depleted in recent years.

Published: 3 hours ago

Mortgage refinance demand surges, as interest rates drop further

Mortgage rates continued to fall, causing more homeowners to apply to refinance at those lower rates. Homebuyers, however, were less impacted by lower rates.

Published: 3 hours ago

Rivian deliveries decline sharply as tariffs hit demand

Rivian reported a sharp fall in second-quarter deliveries on Wednesday, as demand takes a hit from stiff competition and tariff uncertainty.

Published: 44 minutes ago

Intel's new CEO explores big shift in chip manufacturing business, Reuters reports

Intel's new chief executive is exploring a big change to its contract manufacturing business to win major customers, sources told Reuters.

Published: 2 hours ago

Americans are struggling with layoff anxiety: It's causing workers to 'burn out faster,' experts say

It's normal to worry about losing your job, but if layoff anxiety is affecting your daily life, try these expert-approved strategies to manage your stress.

Published: 30 minutes ago

Paramount agrees to pay $16 million to settle Trump's lawsuit over '60 Minutes' Kamala Harris interview

The lawsuit was filed in the Northern District of Texas and sought $20 billion in damages.

Published: 4 hours ago

A bare-bones deal is Europe's best hope in trade talks with the U.S., sources say

The U.S. and EU are down to the wire to strike a so-far elusive trade agreement by early July.

Published: 2 hours ago

Medicaid cuts in Trump's 'big beautiful bill' will leave millions uninsured, threaten rural hospitals

The bill would cut $1.1 trillion in health-care spending and result in 11.8 million people losing health coverage over the next decade, according to estimates.

Published: 5 hours ago

Mark Zuckerberg's costly AI talent push has not cost Meta stock yet. Here's why

Bank of America estimated that Meta's plan to hire 50 top AI researchers could add $1 billion in annual expenses.

Published: 20 hours ago

Here's why I'm loving the Chase Sapphire Reserve 100,000-point, $500 travel credit welcome offer

The relaunched Chase Sapphire Reserve is offering its best-ever bonus for a limited time only.

Published: 10 minutes ago

House Republicans subpoena Brown University and Penn in Ivy League antitrust probe

The probe was first launched in April, but the universities' responses were deemed "inadequate."

Published: 14 hours ago

Here are Wednesday's biggest analyst calls of the day: Apple, Microsoft, Netflix, Adobe, Amazon, Starbucks & more

Here are the biggest calls on Wall Street on Wednesday.

Published: 2 hours ago

Apple sues former Vision Pro employee for allegedly stealing 'thousands of documents' before joining Snap

Apple has accused a former engineer for its Vision Pro headset computer of stealing trade secrets before starting a new job at Snap, according to a lawsuit.

Published: 19 hours ago

Modelo owner Constellation Brands misses on earnings as aluminum tariffs hit profitability

Constellation Brands missed Wall Street's estimates for quarterly earnings and revenue, as the Modelo owner saw lower demand and paid higher aluminum tariffs.

Published: 2 hours ago

Figma files for IPO on NYSE, plans to 'take big swings' with acquisitions

Figma filed its IPO prospectus on Tuesday, as the design software vendor looks to raise money and awareness to take on Adobe.

Published: 16 hours ago

Chipmakers get larger tax credits in Trump’s latest ‘big beautiful bill’

The latest version of President Donald Trump's "big beautiful bill" provides larger tax credits to semiconductor manufacturers building plants in the U.S.

Published: 6 hours ago

What the Senate Republican tax-and-spending bill means for your money

Senate Republicans have approved their version of President Donald Trump’s “big beautiful” bill. Here’s what the provisions could mean for your money.

Published: 16 hours ago

UK's popular sausage roll seller plunges 15% as heatwave hurts sales

Shares of the bakery chain plunged around 15% Wednesday after the company said unseasonably hot weather had hit customer footfall and dented sales in June.

Published: 5 hours ago