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Welcome to The Hill's Business & Economics Newsletter
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Business and Economics
Business and Economics
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Attacks increase risk of 'very serious' oil spill in Red Sea
International shipping authorities are extremely concerned about the possibility of an environmental disaster in the Red Sea following an attack on a tanker carrying around one million barrels of crude oil.
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401(k) millionaires hit record high: Fidelity
The number of 401(k) accounts with assets of more than $1 million hit a record high in the second quarter of 2024, according to an analysis by Fidelity Investments.
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Apple lays off dozens of employees in cuts to services division
Apple is laying off dozens of employees as part of a series of cuts that are unusual for a tech giant and will mostly affect workers in its services division, according to multiple reports.
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Ticker
Upcoming news topics and events to watch:
of Department of Commerce Scheduled for release on Friday Personal consumption expenditures PCE Price Index, a key inflation measure, for July (8:30 a.m. ET)
In other news
Here's a more detailed account of what happened that day:
Supreme Court rejects Biden administration's petition to revive multibillion-dollar student loan program
WASHINGTON (AP) — The Supreme Court on Wednesday kept on hold the latest multibillion-dollar plan to…
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Good to know
Business and economic news from other media:
S&P 500, Nasdaq ended lower on Wednesday; Nvidia falls sharply Before profit (CNBC)
We Clean Energy According to the report, the employment growth rate is twice as fast as the overall employment rate (Reuters)
The two parties Increase in child tax credit — but then their plans for the family diverge (Associated Press)
What others are reading
Top stories on The Hill right now:
Jim Jordan subpoenas Trump Judge's daughter's company
The House Judiciary Committee has issued subpoenas to a company that employs the daughter of Juan Marchan, the New York judge presiding over former President Trump's hush money trial. read more
RFK Jr.: Wife's reaction to Trump support was 'the opposite of encouraging'
Former independent presidential candidate Robert F. Kennedy Jr. said his wife's reaction to his recent announcement that he would support former President Trump in the White House race was “the opposite of encouraging.” read more
