Trump gives oil industry what it wants; hurts solar and wind

President Donald Trump’s One Big Beautiful Bill Act ends long-standing federal support for solar and wind power, while creating a friendly environment for oil, gas and coal production. The House of Representatives passed Trump’s megabill Friday ahead of a White House-imposed deadline, after the Senate narrowly approved the controversial legislation Tuesday. Trump has made his…

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Cramer sees jobs data as a win for Fed’s Powell over Trump — plus, possible stocks to trim

1. The S & P 500 was on track for another record-high close in Thursday’s shortened trading session. The government’s June jobs report was strong, with better-than-expected nonfarm payroll growth and a lower-than-expected unemployment rate. Jim Cramer said that Federal Reserve Chairman Jerome Powell’s wait-and-see approach to interest rates was proven correct again. Even if…

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Here’s where the jobs are for June 2025

Legislative Hall, the Delaware State Capitol, in Dover, Delaware Aimintang | Istock | Getty Images State and local government job growth powered the U.S. labor market’s expansion in June. Federal data released Thursday shows government jobs saw the largest month-over-month sector growth at 73,000. That means government jobs accounted for about half of the 147,000…

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Jobs report June 2025:

Mitch Graham (C) inquires about jobs at Triton Recovery during the Mega JobNewsUSA South Florida Job Fair held in the Amerant Bank Arena on April 30, 2025 in Sunrise, Florida. Joe Raedle | Getty Images Job growth proved better than expected in June, as the labor market showed surprising resilience in the wake of President…

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