DOGE layoffs may ‘overwhelm’ unemployment system for federal workers, report finds

Key Points

The Trump administration — with the help of the so-called Department of Government Efficiency, known as DOGE, which the president says is headed by Elon Musk — has fired tens of thousands of federal workers.
The scale of cuts will likely be flood the Unemployment Compensation for Federal Employees (UCFE) with claims and the program may struggle to make timely payments, according to The Century Foundation.

Source

Finance

Slam dunk? Fundstrat’s Tom Lee considers two new themes for his Granny Shots ETF

July 3, 2025

ETF Edge Slam dunk? Fundstrat’s Tom Lee considers two new themes for his Granny Shots ETF Published Thu, Jul 3 20254:00 PM EDT Siena Griffin@siena_griffin WATCH LIVE Source

Finance

Trump ‘big beautiful’ bill gives top 1% biggest tax cuts in these states

July 3, 2025

Key Points Legislation championed by President Donald Trump would give the top 1% of U.S. households an average tax cut of about $66,000, according to the Institute on Taxation and Economic Policy. The highest earners in Wyoming, South Dakota and Texas stand to get a tax cut of more than $100,000 from the bill, formerly […]

Finance

Stocks making the biggest moves midday: First Solar, CrowdStrike, Datadog, Robinhood and more

July 3, 2025

Check out some of the stocks making the largest moves in midday trading: Solar stocks — Companies tied to renewable energy rose in midmorning trading as President Donald Trump’s megabill crept closer to passage before a White House July 4 deadline. While the measure has no new carveouts for clean energy, earlier this week the […]