Trump lauds Teamsters as union leader set to address RNC
Welcome to The Hill’s Business & Economics Newsletter
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Business and Economics
Business and Economics
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Home prices hit record high in May
According to the National Association of Realtors, the average price of existing homes sold in May was $419,300, the highest on record and up 5.8 percent from last year.
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Amtrak service disruptions continue for second day
Amtrak was still facing service disruptions in the Northeast on Friday after service between New Haven, Connecticut, and Philadelphia was suspended Thursday afternoon.
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Ticker
Upcoming news topics and events to watch:
The House Energy and Commerce Committee’s Subcommittee on Oversight and Investigations … 2024 Olympics Next Tuesday at 7pm ET. Former Olympic swimmer Michael Phelps and Allison Schmidt He is expected to testify, writes The Hill’s Judy Kurtz.
Country Music Artists Randy Travis He is scheduled to testify Wednesday at 2 p.m. before the House Judiciary Committee’s Subcommittee on Courts, Intellectual Property, and the Internet at a hearing titled “Radio, Music, and Copyright: A 100-Year History.” Inequality among recording artists. “
In other news
Here’s a more detailed account of what happened that day:
Stock Market Today: Wall Street Ends Another Strong Week as Nvidia Cools Again
NEW YORK (AP) — U.S. stocks ended their latest gainful week on Friday, led by a rise in Nvidia shares.
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Good to know
Business and economic news from other media:
Can I buy a car? What you need to know Major auto dealer outage (CNN)
Regulatory blow Citigroup, JPMorgan Chase, Goldman Sachs, Bank of America Fight Over Living Will PlansCNBC)
of An uncertain industry Secretly inflating prescription drug pricesThe New York Times)
What others are reading
Top stories on The Hill right now:
Judge Judy slams hush money lawsuit against Trump as ‘nonsense’
“Judge Judy” Sheindlin called Manhattan District Attorney Alvin Bragg’s (Democrat) hush money lawsuit against former President Trump “nonsense.” read more
Judge dismisses Nevada ‘fake electors’ lawsuit
A Nevada judge on Friday dismissed a lawsuit against six so-called fake electors who falsely claimed former President Trump won the state in the 2020 presidential election. read more
What people think
Opinions on business and economic issues submitted to The Hill:
Don’t blame mortgage banks for the Fed’s lending problems
Trade war, not war with Russia, is dollar’s biggest threat
