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EXPLAINER-Key healthcare provisions in Trump's tax bill
July 3 (Reuters) - The U.S. House of Representatives passed President Donald Trump's tax-cut and spending bill on Thursday, which contains sweeping changes to the government's Medicaid healthcare program covering about 71 million low-income Americans.Reuters
Fri, Jul 4
Solid US job growth masks loss of labor market momentum
WASHINGTON, July 3 (Reuters) - U.S. job growth was unexpectedly solid in June, but nearly half of the increase in nonfarm payrolls came from the government sector, with private industry gains the smallest in eight months as businesses battled rising economic headwinds.Reuters
Fri, Jul 4
Clean-energy backers blast US budget bill as a setback
WASHINGTON, July 3 (Reuters) - Advocates of clean energy on Thursday decried the final passage of President Donald Trump's tax cut bill by the House of Representatives as a reversal of course on the energy transition, while fossil-fuel interests rejoiced.Reuters
Fri, Jul 4
Steady job market keeps Fed on hold amid tariff uncertainty
July 3 (Reuters) - Unexpectedly solid job gains in June bolstered the case for the Federal Reserve to keep interest rates on hold to keep downward pressure on inflation, with one U.S. central banker saying it could take a year or more for the economy to adjust to the Trump administration's tariff anReuters
Fri, Jul 4
GLOBAL MARKETS-Stocks hit record, US dollar strengthens after jobs data
NEW YORK, July 3 (Reuters) - Global stocks climbed to a record for a second straight session on Thursday and the dollar rallied after a stronger than expected U.S. payrolls report indicated the labor market may not be deteriorating rapidly.Reuters
Fri, Jul 4
Trump eyes simple tariff rates over complex talks, says letters going out Friday
WASHINGTON, July 3 (Reuters) - President Donald Trump said Washington will start sending letters to countries on Friday specifying what tariff rates they will face on imports to the United States, a clear shift from earlier pledges to strike scores of individual deals.Reuters
Fri, Jul 4
Arthur Hayes says stablecoins from big banks could unlock $6.8 trillion to buy US Treasuries
According to Arthur Hayes, the former BitMEX CEO, banks in the United States are sitting on the key to $6.8 trillion in T-bill demand, and it all comes down to one thing: stablecoins. In a long, explicit essay, Arthur said the new US Treasury Secretary, Scott Bessent—who he mockingly refers to as “TCryptopolitan
Fri, Jul 4
Chip design software firms climb as US lifts curbs on China exports
By Arsheeya Bajwa and Medha Singh July 3 (Reuters) - Shares of Synopsys and Cadence Design Systems jumped on Thursday after the U.S. lifted export curbs on chip design software to China, easing uncertainty around access to the crucial market.The restrictions, announced in late May, had essentiall...Reuters
Thu, Jul 3
U.S. June NFP Jobs Report Unexpectedly Strong — Unemployment Drops to 4.1%, Crushing July Rate Cut Odds
TradingKey - On Thursday, July 3, the U.S. Bureau of Labor Statistics released data showing that the June nonfarm payrolls rose by 147,000, far exceeding the expected 110,000, and up from the previous reading of 139,000. More surprisingly, the unemployment rate fell to 4.1%, down from 4.2%, and well
Tesla Stock Rises 5% Despite Falling Deliveries, Shrinking Market Share: What's Fueling the Rally?
TradingKey - In the Q2 2025, Tesla's global delivery fell by 13.5% year-over-year to 384,000, marking a two-digit decline for two consecutive quarters. However, its stock rose nearly 5%, with market capitalization increasing by $48.1 billion overnight.
TradingKey
Thu, Jul 3
Datadog set to join S&P 500 index, shares jump
Shares of cloud security firm Datadog DDOG.O up 9.4% at $147.7 premarket ** Co set to replace Juniper Networks JNPR.N in the S&P 500 .SPX index prior to the opening of trading on July 9** Server maker Hewlett Packard Enterprise HPE.N on Wednesday closed its acquisition of JNPRReuters
Thu, Jul 3
Bitcoin Makes History With Highest Monthly Close, But Volume Is Still Bearish
With the month of June having drawn to a close, Bitcoin has now managed to set a new record. According to a report by well-known crypto analyst Rekt Capital, the month saw Bitcoin complete its highest monthly close ever in the history of the cryptocurrency. However, while this would usually be a...
Bitcoinist
Thu, Jul 3
BlackRock Bets on U.S. Equities Outperforming European Stocks: Earnings Cycle to Accelerate from July
TradingKey - In the first half of 2025, uncertainty over Trump’s trade policies and U.S. fiscal outlook prompted global investors to shift capital away from U.S. assets and into European equities. While European stock indices outperformed their U.S. counterparts in H1, BlackRock, the world’s largest
TradingKey
Thu, Jul 3
A Big Rally for U.S. Treasury Bulls? June NFP Jobs Report Is Expected to Disappoint while Trump’s Tax Bill Faces Final House Vote
TradingKey - The U.S. June ADP employment data unexpectedly declined, signaling a slowdown in the labor market. U.S. Treasury bulls are now waiting for June’s potentially weaker-than-expected nonfarm payrolls report, which may reinforce expectations of a July rate cut by the Federal Reserve.TradingKey
Thu, Jul 3
European shares edge up on trade optimism
July 3 (Reuters) - European shares rose on Thursday, lifted by easing Sino-U.S. tensions and renewed optimism over global agreements following a U.S.–Vietnam pact ahead of the July 9 tariff deadline. The pan-European STOXX 600 index .STOXX advanced 0.4% at 543.26 points, as of 0705 GMT. Other..Reuters
Thu, Jul 3
As trade war truce with China holds, US lifts curbs for chip design software and ethane
NEW YORK, July 3 (Reuters) - The United States has lifted restrictions on exports to China for chip design software developers and ethane producers, a further sign of de-escalating U.S.-Sino trade tensions including concessions from Beijing over rare earths.Reuters
Thu, Jul 3
EV maker Polestar to produce new model in Europe
STOCKHOLM, July 3 (Reuters) - Sweden-based electric vehicle maker Polestar PSNY.O said on Thursday its upcoming SUV model Polestar 7 will be manufactured at Volvo Cars' VOLCARb.ST under-construction factory in Slovakia, making it its first car to be made in Europe.
Reuters
Thu, Jul 3
House Republicans advance Trump's tax-cut bill to a final vote
Trump scores victory after marathon sessionFinal vote expected early Thursday morning Bill could add $3.4 trillion to national debt over a decadeRepublicans aiming to meet Trump's July 4 deadlineBy Bo Erickson, David Morgan and Richard Cowan WASHINGTON, July 3 (Reuters) - Republicans in the H...Reuters
Thu, Jul 3
