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CNN  —  On the face of it, the June jobs report presents a robust picture of the US economy, with a historically low unemployment rate, a healthy number of jobs added and wage growth that outpaces inflation. But a closer look at the data reveals blemishes that could mar that rosy outlook — with President Donald Trump’s economic policies as the most significant common denominator. The monthly headline number of 147,000 soundly beat out expectations of 117,500 net job gains, with a healthy upswing in traditionally steady industries like local and state government, education, leisure and hospitality and health care.…

New York CNN  —  Stocks, bond yields and the dollar gained on Thursday after a strong jobs report soothed nerves about how the economy is faring during the early stages of President Donald Trump’s tariff campaign. After a shortened trading day in advance of Friday’s July Fourth holiday, the Dow closed higher by 344 points, or 0.77%. The broader S&P 500 rose 0.83% and the tech-heavy Nasdaq Composite gained 1.02%. The S&P 500 and Nasdaq closed at fresh record highs. The Dow closed just 186 points away from hitting an all-time high. Stocks had jumped higher in the morning after…

A view of the US Capitol in Washington, DC, on June 30, 2025.Jim Watson | Afp | Getty ImagesThe wealthy will likely see a host of new tax breaks in the One Big Beautiful Bill, along with permanent extensions of many of the 2017 tax cuts, according to tax experts.Taxpayers earning $1 million or more are expected to see a boost in after-tax income of about 3% in the Senate version of Trump’s bill, according to the Tax Policy Center. That compares to the nationwide average of about 2.5%. In dollar terms, millionaire earners will see an average after-tax income…

The Pakistan Sports Board said on Wednesday that the hockey team’s participation in the 2025 Men’s Hockey Asia Cup and the Federation of International Hockey (FIH) Junior Men’s Cup — both hosted by India — remained unconfirmed. Earlier today, Indian media outlets reported that Pakistan had been cleared to take part in both events, scheduled from August 27 to September 7, and from November 28 to December 10, respectively. In exclusive comments to Dawn.com, Pakistan Sports Board spokesperson Khurram Shahzad said that the Pakistan Hockey Federation (PHF) issued a request about whether or not the national hockey team can travel…

(Photo By Raymond Boyd/Getty Images) Getty Images After a gut-wrenching 19% drawdown in the S&P 500, the stock market staged a remarkable recovery to end the first half of the year in positive territory. The worst of the tariff news appears to be in the rearview mirror, and calls for a global recession have receded. But risks still remain, and investors still need to put money to work. So, what is the outlook for the second half of the year? Here are the bull and bear case scenarios. Bull Case Scenario Momentum Is Positive The April drawdown did not upend…

Liverpool’s Portuguese forward Diogo Jota, 28, died in a fiery car crash near Zamora in northwestern Spain with his brother, Spanish state-owned TV station TVE said on Thursday, citing local firefighters. Police told Reuters everything pointed to that information being correct, although they could not yet officially confirm the names. The regional fire department of Castille-Leon, where Zamora is located, said on its website a car crashed shortly after midnight on Thursday and burst into flames, with two men, aged 28 and 26, found dead. Liverpool Football Club said it was “devastated by the tragic passing of Jota.” “The club…

CNN  —  The first six months of President Donald Trump’s second term in office have been marked by sweeping policy actions — including broad-based tariffs, deportations, federal spending cuts and government workforce layoffs — that have the potential to reshape the American economy and global order. While it may take time for these policies to work their way through the economy and become clearer in economic data, the indirect impacts already are making their mark. The US private sector lost jobs in June, the first negative month in more than two years, according to new data Wednesday from payroll provider…

LAHORE: Having performed impressively in Test cricket during the past few years, Pakistan off-spinner Sajid Khan vows to play white-ball cricket for the country. The 31-year-old Sajid, who made his Test debut in 2021 at Harare, played match-winning roles in a number of Tests but has not featured in One-day Internationals and T20 Internationals. “I am trying to play T20I and One-day International cricket for Pakistan and league cricket, too. I am working on it. Insha Allah I will play white-ball cricket for Pakistan,” Sajid said while talking to reporters during the Skill Development camp, which is in progress at…

BIRMINGHAM: Shubman Gill played a masterful captain’s knock to rescue India with his second century of the series on the opening day of the second Test against England as the tourists finished on 310-5 at stumps here at Edgbaston on Wednesday. Gill was under pressure due to his team selection after pace spearhead Jasprit Bumrah was rested, but the skipper played a dogged knock and barely put a foot wrong as he wore down the England bowlers while playing confident strokes. Gill had taken 199 balls to bring up his seventh test hundred, the slowest of his career but authoritative…

Senate Majority Leader John Thune (R-SD), flanked by Sen. John Barrasso (R-Wyoming), Sen. Mike Crapo (R-Idaho) and Sen. Lindsey Graham (R-SC), speaks to reporters after the Senate passed President Trump’s reconciliation package on July 1, 2025.Bill Clark | Cq-roll Call, Inc. | Getty ImagesTax cuts are the centerpiece of a massive legislative package championed by President Trump and passed Tuesday by Senate Republicans.Many new tax breaks in the bill — on auto loans, tips and overtime pay, and for older Americans — are structured as tax deductions.How much money you save with tax deductions, which reduce your taxable income, depends…