The $10 Stock at the Center of Trump's $100 Trillion Move

Trump's economic blueprint is about to go live, and the deadline is fast-approaching. A new federal plan could legally unlock $100 trillion in U.S. resources... and one $10 stock could lead the charge. Former hedge fund manager Whitney Tilson explains how to act now, before this hits the headlines.

Business News Digest

CHRISTOPHER RUGABER
July 01, 2025

AP Business Digest

Here are the AP's top business stories that have moved or are planned to move today. All times U.S. Eastern. For up-to-the minute information on AP's coverage, visit AP Newsroom's Coverage Plan.

--------------------

UPCOMING

--------------------

US GEORGIA POWER RATES

DESCRIPTION: Utility regulators are likely to approve a plan for Georgia Power Co. to hold base power rates steady through the end of 2028

UPCOMING: By 07/01/2025 12:00 p.m. EDT, Photo, Text

___

--------------------

NEW AND DEVELOPING

--------------------

US--TRUMP-MUSK-FEUD

Musk proposes a new political party, Trump suggests DOGE 'might have to go back and eat Elon'

SUMMARY: Elon Musk's feud with President Donald Trump has reignited, with the tech billionaire threatening to launch a new political party and Trump suggesting Musk could be punished for his opposition. The dispute has laid bare not only the differences between the Republican president and one of his most vociferous one-time advocates, but also has reignited the possibility that the world's richest man will -- along with his billions -- reenter the political spending arena. Musk, Trump's former Department Of Government Efficiency chief, lashed out multiple times at Republicans for backing Trump's tax cuts bill, calling the GOP "the PORKY PIG PARTY!!" for including a provision that would raise the nation's debt limit by $5 trillion and calling the bill "political suicide" for Republicans.

WORDS: 687 - MOVED: 07/01/2025 10:25 a.m. EDT

https://newsroom.ap.org/home/search?query=itemid:a690566ca5140ca47cb7a993d41774e4&mediaType=text

___

US--FEDERAL RESERVE-POWELL

Powell stands by 'wait and see' stance with Trump ramping up attacks on the Federal Reserve

SUMMARY: Federal Reserve Chair Jerome Powell is sticking to his position that the central bank will keep its key rate on hold while it waits to see how President Donald Trump's tariffs effect the economy, defying the steady stream of criticism from the White House, which wants lower borrowing costs. Powell repeated his view Tuesday that U.S. inflation is likely to pick up later this summer, though he acknowledged that the timing and magnitude of any price increase from the duties is uncertain. But he said the Fed will stay on hold while it evaluates how the economy evolves.

WORDS: 363 - MOVED: 07/01/2025 10:15 a.m. EDT

https://newsroom.ap.org/home/search?query=itemid:4821bb5d0baa9980c4c69ab26fab3ab4&mediaType=text

___

US--PHILANTHROPY-FORD-FOUNDATION

Ford Foundation selects Yale dean and democracy scholar Heather Gerken to succeed Darren Walker

SUMMARY: The Ford Foundation has announced Yale Law School Dean Heather Gerken as its next president. Gerken, a leading expert on constitutional law and democracy, will succeed Darren Walker, who has led the foundation since 2013. Her tenure begins in November. The Ford Foundation, with a $16 billion endowment, focuses on social justice initiatives. Gerken brings extensive legal experience, including work on voting rights and increasing access for underrepresented students at Yale. She called it a profound honor to continue the foundation's mission. Walker praised her dedication, saying her leadership will advance the foundation's goals of equity and justice.

WORDS: 415 - MOVED: 07/01/2025 10:13 a.m. EDT

https://newsroom.ap.org/home/search?query=itemid:1daf4476fc04e2109796e47bcfdf8911&mediaType=text

___

US-JOB-OPENINGS

US job openings in May hit 7.8 million in a continuing display of labor market resilience

SUMMARY: U.S. job openings rose unexpectedly in May, a sign that the American labor market remains resilient in the face of high borrowing costs and uncertainty over U.S. economic policy. The Labor Department reported Tuesday that U.S. employers posted 7.8 million vacancies in May, up from 7.4 million in April. Economists had expected a slight decrease to 7.3 million. The number of Americans quitting their job -- a sign of confidence in their prospects -- rose modestly, and layoffs fell. Openings are high by historical standards but have come down sharply since peaking at a record 12.1 million in March 2022.

WORDS: 263 - MOVED: 07/01/2025 10:12 a.m. EDT

https://newsroom.ap.org/home/search?query=itemid:37ad7001abcea74b9cc43e43331220f6&mediaType=text

___

EU--BRITAIN-STARMER'S STRUGGLES

Starmer faces down a revolt over UK welfare reform after a troubled first year in office

SUMMARY: British Prime Minister Keir Starmer marks a year in office this week, facing challenges from within his party and the public. Lawmakers are due to vote Tuesday on welfare reforms that sparked a rebellion among lawmakers in Starmer's Labour Party. Starmer softened proposed cuts to disability benefits after the backlash, but dissent remains. A year on from Starmer's landslide election victory, feeble economic growth and rising costs have hurt his approval ratings and restricted his ability to deliver on promises to improve public services. With no election required until 2029, Starmer has time to recover but faces mounting political and economic hurdles.

WORDS: 955 - MOVED: 07/01/2025 10:08 a.m. EDT

https://newsroom.ap.org/home/search?query=itemid:ec78160cfff4673978916a3f86b67a5e&mediaType=text

___

US--CONGRESS-AI

Senate strikes AI provision from GOP bill after uproar from the states

SUMMARY: A proposal to deter states from regulating artificial intelligence for a decade was soundly defeated in the U.S. Senate on Tuesday, thwarting attempts to insert the measure into President Donald Trump's big bill of tax breaks and spending cuts. The Senate voted 99-1 to strike the AI provision after weeks of criticism from both Republican and Democratic governors and state officials. Originally proposed as a 10-year ban on states doing anything to regulate AI, lawmakers later tied it to federal funding so that only states that backed off on AI regulations would be able to get subsidies for broadband internet or AI infrastructure.

WORDS: 658 - MOVED: 07/01/2025 10:05 a.m. EDT

https://newsroom.ap.org/home/search?query=itemid:20beeeb6967057be5fe64678f72f6ab0&mediaType=text

___

US--TRUMP-MUSK

Tesla shares take a hit as feud between Trump and Musk reaches a boil

SUMMARY: Shares of electric vehicle maker Tesla, which is headed by Elon Musk, are slumping as the war of words between billionaire and President Donald Trump over the big bill of tax breaks and spending cuts is heating up again, with Musk claiming he may form a new political party. Shares of Tesla have already tumbled more than 20% this year as sales of the company's vehicles erode amid a backlash against Musk and his association with the Trump administration. Tesla sales are plummeting in Europe and China as well. Tesla's stock fell nearly 6% in early trading Tuesday.

WORDS: 804 - MOVED: 07/01/2025 9:59 a.m. EDT

https://newsroom.ap.org/home/search?query=itemid:8a43b64f0f4508c8e74ef23572a0eece&mediaType=text

___

US--CONGRESS-TAX CUTS

Senate grinds to a standstill as Republicans struggle with Trump's big bill

SUMMARY: The Senate has come to a standstill as Republicans struggle to wrap up work on President Donald Trump's big bill of tax breaks and spending cuts. Vice President JD Vance is at the Capitol if needed for a tie-breaking vote. But nothing has been set. Senators slogged through a tense overnight session as negotiations dragged. Senate Majority Leader John Thune of South Dakota is trying to satisfy Republicans worried the bill's reductions to Medicaid will leave millions more people without care and a conservative flank seeking steeper cuts to hold down deficits. Trump says he has to see the final product but doesn't like cuts.

WORDS: 1134 - MOVED: 07/01/2025 9:47 a.m. EDT

https://newsroom.ap.org/home/search?query=itemid:bf3f94471b13db3e5d50f0cd1f8fe793&mediaType=text

___

ML--MIDEAST-WARS-IRAN

Iran assesses the damage and lashes out after Israeli and US strikes damage its nuclear sites

SUMMARY: Iran is assessing the damage and lashing out over the American and Israeli airstrikes that damaged its nuclear sites. But the Iranian government kept open the possibility Tuesday of resuming talks with Washington over its atomic program. The comments by government spokesperson Fatemeh Mohajerani also included another acknowledgment that key sites within Iran's program that were targeted by the American strikes had been "seriously damaged." Iran's state-run IRNA news agency quoted Mohajerani as making the remarks at a briefing for journalists.

WORDS: 760 - MOVED: 07/01/2025 9:44 a.m. EDT

https://newsroom.ap.org/home/search?query=itemid:da82442dd4d526e69a4f1e77a72f3dfd&mediaType=text

___

FINANCIAL MARKETS

US stocks drift as Wall Street's momentum slows and Tesla drops

SUMMARY: U.S. stocks are drifting as Wall Street's momentum slows after setting record highs in each of the last two days. The S&P 500 dipped 0.3% Tuesday and is on track for its first loss in four days. The Dow Jones Industrial Average edged down by 21 points, and the Nasdaq composite fell 0.5%. Tesla helped pull the market lower as the relationship between its CEO, Elon Musk, and President Donald Trump soured even further. Treasury yields held relatively steady ahead of reports coming later in the morning about manufacturing and the number of job openings across the economy.

WORDS: 505 - MOVED: 07/01/2025 9:41 a.m. EDT

https://newsroom.ap.org/home/search?query=itemid:9fb4c1b60c6502a4fd2ecb6b1640e2c2&mediaType=text

___

VOLKSWAGEN-DIESEL EMISSIONS-CEO TRIAL

German court suspends diesel scandal trial of former Volkswagen CEO Winterkorn

WORDS: 360 - MOVED: 07/01/2025 9:37 a.m. EDT

https://newsroom.ap.org/home/search?query=itemid:aeadad1f88a3d65884e1bc5761cad361&mediaType=text

___

US--LULULEMON-COSTCO

Lululemon files lawsuit against Costco, claims company is selling 'dupes' of some of its products

SUMMARY: Lululemon has filed a lawsuit against Costco that accuses the wholesale club operator of selling lower-priced duplicates of some of its popular athleisure clothing. Lululemon Athletica claims in its lawsuit filed in the U.S. District Court for the Central District of California that Costco has "unlawfully traded" on its reputation, goodwill and sweat equity by selling unauthorized and unlicensed apparel that uses knockoff, infringing versions of its patents.

WORDS: 343 - MOVED: 07/01/2025 8:10 a.m. EDT

https://newsroom.ap.org/home/search?query=itemid:8ab1ee7e7e69a89931558d615f8fab1a&mediaType=text

___

EUROPE-ECONOMY

European Central Bank head: Frequent shocks to economy make inflation more unpredictable

WORDS: 451 - MOVED: 07/01/2025 6:13 a.m. EDT

https://newsroom.ap.org/home/search?query=itemid:c7d91ed96900dcad7f08ffc6388bc42f&mediaType=text

___

US-MONEY MATTERS-PORTFOLIO BUILDING

How to build a portfolio you don't have to babysit

SUMMARY: These four steps can help you craft a (mostly) hands-off portfolio.

WORDS: 681 - MOVED: 07/01/2025 6:00 a.m. EDT

https://newsroom.ap.org/home/search?query=itemid:6901181130331761de499def5506039e&mediaType=text

___

EU--GREENLAND-TOURISM

Greenland has a message for the rest of the world: Come visit

SUMMARY: Greenland's tourism industry is expected to see a boom this year following the launch of a new route between the island's capital and Newark airport. The Arctic island offers whale-watching tours, excursions to an iconic puffin island and guided charters. U.S. President Donald Trump has said he wants to take over the strategic island, possibly by force. The comments have boosted Greenland's global profile, with some businesses saying the resulting diplomatic tensions have helped their trade. One executive stresses the importance of prioritizing the voices of the island's roughly 56,000 people while beefing up the tourism industry.

WORDS: 677 - MOVED: 07/01/2025 3:50 a.m. EDT

https://newsroom.ap.org/home/search?query=itemid:3310f1ae90b1350cb5d88a8ba6c1b17c&mediaType=text

___

AS--NEPAL-CLIMATE CHANGE

Ancient Himalayan village relocates as climate shifts reshape daily life

SUMMARY: A Himalayan village in Nepal has vanished -- emptied by climate change. Samjung, perched in the high-altitude Upper Mustang region, was once home to a few dozen yak herders and barley farmers. But its streams dried up and snowfall disappeared. Then, a sudden flood destroyed many homes. That was the last straw. The villagers relocated and named their new settlement "New Samjung." Scientists say warming in the Himalayas is accelerating, melting glaciers and disrupting weather patterns. Some residents now grow apples or work in tourism, but many still long for the village they left behind forever as climate change transforms the mountains.

WORDS: 916 - MOVED: 07/01/2025 12:46 a.m. EDT

https://newsroom.ap.org/home/search?query=itemid:a68c96a65463b677f30af99737b7977a&mediaType=text

___

Continue Reading...

Popular

Trump Says 5 Jets Downed During India-Pakistan Conflict: '...Shot Out Of The Air'

President Donald Trump during a dinner with Republican lawmakers stated, that up to 5 jets were shot down during the India-Pakistan conflict.

Marjorie Taylor Greene Increases These 2 Stocks In Portfolio, Including This AI Name Up Over 100% YTD

Marjorie Taylor Greene has bought stocks multiple times in 2025 and her recent disclosure adds to one of the stocks that drew the biggest red flags in 2025.

Palantir's Partner Is Taking Off - Ad

Palantir's stock is rising, but their new partner is moving even faster after a surprise announcement. AI meets real-world security.

How Palantir, Tempus, Nvidia-Backed Recursion Are Disrupting Big Pharma

AI-native players like Palantir, Tempus, and Recursion are disrupting drug discovery and attracting investors, while Big Pharma struggles.

Is Elon's Empire Crumbling? - Ad

Jeff Brown - the legend who called Tesla and Nvidia early - says Elon is about to launch a $25T AI revolution. This isn't another chatbot. It's real-world AI that could 14X the impact of ChatGPT. But after October 23rd, it may be too late.

Draganfly Stock Is Moving Higher Wednesday: What's Going On?

Dragonfly shares are trading higher Wednesday after the company announced its Cammander3 XL UAV has been selected by the Department of Defense for advanced operation initiatives.

EU and Japan agree to work together to promote free trade and economic security

TOKYO (AP) — Leaders of the and Japan launched an alliance Wednesday aimed at boosting economic cooperation, defending free trade and countering unfair trade practices as the two sides face growing challenges from the United States and China.

Investing Legend Hints the End May Be Near for These 3 Iconic Stocks - Ad

Futurist Eric Fry say Amazon, Tesla and Nvidia are all on the verge of major disruption. To help protect anyone with money invested in them, he's sharing three exciting stocks to replace them with. He gives away the names and tickers completely free in his brand-new "Sell This, Buy That" broadcast.

Russia insists on achieving Ukraine goals despite Trump's ultimatum

Russia is open to peace with Ukraine, but achieving its goals remains a priority, Kremlin spokesman Dmitry Peskov said Sunday, days after U.S. President to agree to a ceasefire or .

Brace Yourself for Jeff Bezos' "Amazon Helios" - Ad

Amazon delivers 20 million packages a day... powers some of the most popular websites... delivers medication to half of the U.S. population... and even produces award-winning films and TV shows. But a Wall Street legend -- twice featured on 60 Minutes -- predicts that "Amazon Helios" will be bigger than all of those... COMBINED.

Drone attacks on oil fields in Iraq's Kurdish region shut down another facility

BAGHDAD (AP) — Drones targeted Wednesday, the latest in a series of attacks in recent days that have put several oil facilities out of commission.

Tesla Cybertruck Bet Not Paying Off? Ford, GM Outsell EV Giant

Elon Musk's dream of having a top-selling electric pickup may be a thing of the past as the Cybertruck continues to see declining demand.

Palantir Just Made a Power Move - Ad

The data giant inked a deal with a company that's already deployed nationwide. It is real-world security.

Circle CEO: Stablecoins Are Going Mainstream — Fast

Jeremy Allaire, CEO of Circle Internet Group, Inc. (NYSE:CRCL), is offering a compelling vision for the future of digital finance and the role of stablecoins in the global economy.

How to Hack a $1.3T Market - Ad

Forget concrete. The new foundation for real estate success is digital, and Pacaso leads the way. Their tech unlocks a $1.3T real estate market. They've already earned $110M+ in gross profits in their operating history and reserved the Nasdaq ticker PCSO.

Ethereum, XRP, SOL Surge After GENIUS Act: What's Driving The Altcoin Rally?

The altcoin rally may only be getting started and follows the signing of the GENIUS Act, the most significant U.S. crypto legislation to date, ushering in structural clarity for digital assets.

BlackSky Technology Stock Tumbled On Tuesday: What Happened?

BlackSky Technology Inc. (NYSE: BKSY) shares fell nearly 10% on Tuesday after Canaccord Genuity cut its price target on the stock.

Tap Into the $65B 'Shroom Boom' - Ad

People are rapidly discovering how mushrooms can enhance brain function, gut health, immunity, and more. The only thing holding them back? A simple way to grow them. Hypha Labs built a compact countertop device to solve exactly that.

Elon Musk Changed His Number, Became Unreachable After Trump Feud, Reveals Speaker Mike Johnson: 'I Sent Him A Long Text Message, And Then...'

Tesla Inc. (NASDAQ: TSLA) CEO Elon Musk has reportedly changed his phone number following a fued with President Donald Trump and disagreement with Speaker Mike Johnson over the Republican's tax-and-spending bill.

What's inside Elon's building in Memphis will shock you - Ad

Inside Elon Musk's Memphis site lies a supercomputer built to power the world's first superhuman AI. It could make Elon a trillionaire - and new millionaires, too. With just $500, you could get in before the August 1st funding window closes.

Forget 'Wealth': Warren Buffett Says This Word Is the True Measure of Success

Warren Buffett imparted his unique viewpoint on success, underscoring the significance of love and respect over the accumulation of wealth.

This New Themes ETF Lets You Bet On China's ChatGPT Rivals

American investors now have a new way to access China's AI market through Themes China Generative AI ETF, offering low expenses and exposure to Chinese talent.

The Tesla Shock Nobody Sees Coming - Ad

While headlines scream "Tesla is doomed"...Jeff Brown has uncovered a revolutionary AI breakthrough buried inside Tesla's labs. One that is helping AI escape from our computer screens and manifest itself here in the real world all while creating a 25,000% growth market explosion starting as early as October 23rd.

Semiconductor Stocks React To Key Policies And Earnings

Semiconductor chip companies, including Nvidia, AMD, Broadcom, Marvell Tech, and Super Micro had a volatile week due to trade policies and earnings.

Solar Stocks Are Selling Off. This Energy Stock Is Leading The Sector Lower

Enphase Energy Inc (NASDAQ:ENPH) shares are tumbling Wednesday after the company reported second-quarter results and issued guidance with a midpoint below estimates.

The $10 Stock at the Center of Trump's $100 Trillion Move - Ad

Trump's economic blueprint is about to go live, and the deadline is fast-approaching. A new federal plan could legally unlock $100 trillion in U.S. resources... and one $10 stock could lead the charge. Former hedge fund manager Whitney Tilson explains how to act now, before this hits the headlines.

Typhoon Wipha topples trees and causes major flight disruptions in Hong Kong and southern China

HONG KONG (AP) — Typhoon Wipha toppled trees and caused major flight disruptions Sunday in and at some nearby airports in China as it moved west off the southern coast of .

Palantir's Partner Is Taking Off - Ad

Palantir's stock is rising, but their new partner is moving even faster after a surprise announcement. AI meets real-world security.

Japanese leader Ishiba vows to remain despite speculation, says he will focus on new US trade deal

TOKYO (AP) — Prime Minister on Wednesday vowed to remain in power to oversee the implementation of a , despite media speculation and growing calls for him to resign after a .

Is Elon's Empire Crumbling? - Ad

Jeff Brown - the legend who called Tesla and Nvidia early - says Elon is about to launch a $25T AI revolution. This isn't another chatbot. It's real-world AI that could 14X the impact of ChatGPT. But after October 23rd, it may be too late.

What to Stream: Reneé Rapp, 'The Phoenician Scheme,' Elvis rarities, Anthony Mackie and Jason Momoa

Benicio Del Toro starring in Wes Anderson’s “The Phoenician Scheme”and Reneé Rapp's second studio album are some of the new television, films, music and games near you.

Investing Legend Hints the End May Be Near for These 3 Iconic Stocks - Ad

Futurist Eric Fry say Amazon, Tesla and Nvidia are all on the verge of major disruption. To help protect anyone with money invested in them, he's sharing three exciting stocks to replace them with. He gives away the names and tickers completely free in his brand-new "Sell This, Buy That" broadcast.

Trending Now

Information, charts or examples are for illustration and educational purposes only and not for individualized investment management This message contains commercial elements, such as advertising. We only send these offers to those who have opted in to our newsletter. Past performance is not indicative of future results. For these reasons we strongly suggest trading in a DEMO/Simulated account. The information provided by us is for educational and informational purposes only. We make no representations or warranties concerning the products, practices or procedures of any company or entity mentioned or recommended and have not determined if the statements and opinions of the advertiser are accurate, correct or truthful. If you use, act upon or make decisions in reliance on information contained or any external source linked within it, you do so at your own peril and agree to hold us, our officers, directors, shareholders, affiliates and agents without fault.

Copyright technicaltrading.org
Privacy Policy | Terms of Service