— President Trump signed a massive budget bill into law, extending the 2017 tax cuts, adding tax new tax cuts (workers and seniors) and boosting defense/ICE funding while cutting Medicare and clean energy.
— August 1 is the new deadline for countries to reach trade deals with the U.S. to avoid steep tariffs that were due to kick in on July 9.
— The U.S. private sector had 33,000 fewer jobs in June, per the payroll company ADP, badly missing expectations for a 100,000 increase.
— U.S. online shopping, except for groceries, saw a major slowdown in 2nd quarter 2025, after a jump in the 1st quarter to front-run the impact of U.S. tariffs.
— Google continues to invest in nuclear fusion, with a new deal to buy 200MW of fusion energy from a startup planning to have a fusion plant in place by the early 2030s.
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