Yellen grilled on Biden's mental fitness in hearing

July 9, 2024

Business and Economics

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Larry Ellison personally invests $6 billion in Paramount-Skydance deal

Billionaire tech mogul Larry Ellison is personally investing $6 billion as part of the merger deal between Skydance and media giant Paramount.

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Powell: Job market is ‘pretty cold’

Federal Reserve Chairman Jerome Powell said Tuesday that the job market has “cooled significantly” over the past two years.

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Ticker

Upcoming news topics and events to watch:

Chairman of the Federal Reserve System Jerome Powell is scheduled to testify House Financial Services Committee Wednesday at 10 a.m. ET.
Chairman, Commodity Futures Trading Commission Rostin Behnam Give Witness Senate Agriculture Committee Wednesday 10am

In other news

Here’s a more detailed account of what happened that day:

Stock Market Today: Wall Street reeling after Chairman Powell’s congressional testimony

Wall Street stock indexes ended mixed on Tuesday following comments from Federal Reserve Chairman Jerome Powell.

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Good to know

Business and economic news from other media:

The S&P 500 is new Record End Fed Chairman Powell points out the risks of maintaining high interest ratesCNBC)
Boeing It sold just three passenger planes in the past month.CNN)
As Wealthy backer Withdrawal, Biden promotes small donors heavily (The New York Times)

What others are reading

Top stories on The Hill right now:

Schumer pushes bill to strip Trump of court-granted immunity

Senate Majority Leader Chuck Schumer (D-New York) announced Monday that he and other Senate Democrats will work to push legislation to strip former President Trump of the immunity given to him by a recent Supreme Court decision that protects a president from criminal prosecution for his official conduct. read more

Florida Satanist offers to take school counselor job after DeSantis law goes into effect

Satanists in Florida are volunteering as school counselors after Republican Governor Ron DeSantis signed a law allowing the state to provide chaplains to public schools to help alleviate staffing shortages. read more

What people think

Opinions on business and economic issues submitted to The Hill:

Would a comprehensive antitrust law protect Amazon’s small businesses? It’s not that simple.

All caught up. See you tomorrow!

Tags: Biden039s, fitness, grilled, hearing, mental, Yellen

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Yellen grilled on Biden's mental fitness in hearing

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