For Friday, June 27th, 2025
>>Stocks Close Higher
(New York, NY) -- Wall Street closed Thursday with stocks sharply higher. The S&P 500 came with in a couple of points of breaking its all time closing record. It all comes as the White House said July tariff deadlines could be extended. At the closing bell, the Dow Jones Industrial Average gained 404 points to 43-386. The S&P 500 rose by 48 points to 61-41. The Nasdaq gained 194 points to 20-167.
>>Spending Bill Stuck In Senate
(Washington, DC) -- The Senate is hoping to start debate on President Trump's "Big, Beautiful Bill" today, but there are new speed bumps. The Senate parliamentarian, also known as the "referee," rejected key Medicaid provisions in the GOP's tax and spending bill. That means the measure is still being worked on, and several Republicans say they won't debate it until they see the final version. Majority Leader Republican John Thune plans on having the Senate work through the weekend if need be. The President expects the bill to be on his desk by the Fourth of July.
>>Fannie Mae, Freddie Mac To Consider Crypto Assets
(Undated) -- Fannie Mae and Freddie Mac may soon start counting cryptocurrency assets in considering mortgage applications. Bill Pulte [[ Pul-tee ]], who oversees the two government-created mortgage guarantors, posted on social media yesterday that the move is in keeping with President Trump's vision to make the U.S. the crypto capital of the world. He said he's ordered the businesses to prepare for the new policy. It's a change for Freddie and Fannie, which under President Biden were barred from considering crypto due to high levels of uncertainty in the digital currency market.
>>Mexico Threatens Action If SpaceX Violated International Law
(Starbase, TX) -- Mexican President Claudia Sheinbaum is threatening legal action following a failed SpaceX rocket test in south Texas. No one was injured in the explosion at the company's Starbase earlier this month, but some debris from the rocket reportedly ended up in northern Mexico. Some activists now claim the explosion had a negative effect on the local environment. At a news conference Sheinbaum said her government was looking into the issue and would "file any necessary claims" if it found the rocket company violated international law.
>>First-Time Jobless Claims Down
(Washington, DC) -- First-time jobless claims were down last week, according to numbers out yesterday from the Labor Department. Some 236-thousand people filed for initial benefits, down from 246-thousand the week before. Analysts had predicted around 247-thousand claims this time around.
>>Tesla Sales Down In Europe
(Undated) -- Tesla sales are down in Europe for the fifth straight month. The electric automaker sold about 14-thousand vehicles across the continent in May, a 28 percent drop from the previous year. The company has taken a hit from reaction to CEO Elon Musk's political rhetoric and competition from Chinese car makers.
