The Republican-controlled House voted 216-213 to give final passage to a bill cutting $9 billion in spending that had already been approved, sending it to President Donald Trump to become law.The cuts aimed at public media and foreign aid passed in another middle-of-the-night vote on Capitol Hill, one day after the Senate voted 51-48 after 2 a.m. Thursday to approve the measure.The measure cuts $1.1 billion from the Corporation for Public Broadcasting, which provides funding for NPR and PBS. It cuts $8 billion more from foreign aid, including to the U.S. Agency for International Development and programs to promote global health and refugee assistance.…
Author: usaeverydaylife
Visitors to the United States will soon need to pay a “visa integrity fee,” according to a provision of President Donald Trump administration’s recently enacted One Big Beautiful Bill Act. The fee applies to all visitors who need non-immigrant visas to enter, and cannot be waived.However travelers may also be able to get the fees reimbursed, according to the provision.Details about the new requirement are scant, which has resulted in “significant challenges and unanswered questions regarding implementation,” a spokesperson from the U.S. Travel Association told CNBC Travel.However, here is what is known thus far.How much is the fee? The fee…
A new round of layoffs at Microsoft has reignited a growing debate: is artificial intelligence beginning to replace human workers? CNBC’s Arjun Kharpal and Steve Kovach sit down with tech journalist Michal Lev-Ram to explore whether AI is truly taking our jobs—or simply reshaping the workforce. From Silicon Valley’s multi-million dollar talent wars to “vibe coding” the next billion-dollar startup, this episode unpacks what the tech means for your career, your boss and the future of work. Source link
A family shops in a Walmart Supercenter on May 15, 2025 in Austin, Texas.Brandon Bell | Getty ImagesSECAUCUS, N.J. — As customers walk the aisles of Walmart stores, there are some early signs that higher tariffs are changing pricing.The nation’s largest retailer warned in May that it would have to raise prices for its shoppers as President Donald Trump’s new duties drive up the cost of many imported goods. About two months later, some household items on Walmart’s shelves have higher prices, according to a CNBC analysis.CNBC tracked prices of about 50 products across merchandise categories including apparel, electronics, toys…
Co-founder and CEO of Nvidia Jensen Huang spoke to journalists during a trip to Beijing in July.Picture Alliance | Picture Alliance | Getty ImagesIf Nvidia CEO Jensen Huang were a student today, he says he’d focus on the physical sciences.During a trip to Beijing on Wednesday, Huang was asked by a journalist: “If you are a 22-year-old version of Jensen [who] just graduated today in 2025 but with the same ambition, what would you focus on?”To that, the Nvidia CEO said: “For the young, 20-year-old Jensen, that’s graduated now, he probably would have chosen … more of the physical sciences…
Abbott Laboratories CEO Robert Ford unpacked his company’s latest quarterly report in a Thursday interview with CNBC’s Jim Cramer, saying that Wall Street’s reaction to the results was extreme.”I think this is a little bit of an overreaction. Of course, we are all over this,” Ford said. “We’re focused on this, but the fundamentals of the entire rest of the company are pretty much intact, and this is just really a point in time that we have to get through.”While Abbott posted a top and bottom line beat for the second quarter, investors were disappointed that the company tightened its…
Traders work at the New York Stock Exchange on July 15, 2025. NYSE Despite the noise around tariffs and inflation fears, the U.S. economy seems to be holding its ground — for now. June retail sales came in stronger than expected, and weekly jobless claims dropped below forecasts. Add to that a solid start to earnings season, and you’ve got a recipe for record highs: both the S&P 500 and Nasdaq notched fresh peaks.So, is the economy truly resilient in the face of the Trump administration’s shifting trade winds? Or are we simply in the eye of the storm, with August 1 — the Trump…
The ‘Fast Money’ traders recap Netflix quarterly results. Source link
A screen displays The Walt Disney Company’s logo and trading information as traders work on the floor at the New York Stock Exchange (NYSE) in New York City, U.S., July 17, 2025. Brendan McDermid | ReutersStock futures were little changed on Thursday evening after a batch of earnings and economic reports pushed the S&P 500 to a record close.S&P 500 futures added 0.08%, while Nasdaq 100 futures inched up 0.07%. Futures linked to the Dow Jones Industrial Average added 49 points, or 0.1%.Shares of streaming giant Netflix fell more than 1% in extended trading following its latest quarterly results. The…
U.S. President Donald Trump listens during a multilateral lunch with African leaders in the State Dining Room of the White House July 9, 2025 in Washington, DC.Win Mcnamee | Getty Images News | Getty ImagesPresident Donald Trump, facing growing pressure to release Justice Department files related to Jeffrey Epstein, said on Thursday night that he had asked Attorney General Pam Bondi to release grand jury testimony related to the criminal prosecution of the notorious pedophile.Bondi replied in a social media post, writing, “President Trump — we are ready to move the court tomorrow to unseal the grand jury transcripts.”Trump’s announcement…
