cnbc_topnews

Kentucky Gov. Beshear calls on Mitch McConnell to prove he can serve or resign

📰 source: cnbc_topnews · 💼 business

kentucky gov. andy beshear called on sen. mitch mcconnell to provide proof he can still serve or resign, a day after mcconnell's office said the 84-year-old republican was not medically cleared to leave rehabilitation. beshear suggested a short video or radio interview. mcconnell's office released a photo of him with his wife, but no verbal statement. beshear also asked senate majority leader john thune to investigate if mcconnell doesn't show fitness.

mcconnell, not seeking reelection, was hospitalized after a june 14 fall that caused unconsciousness and later pneumonia. his absence leaves republicans with a narrow majority. kentucky's gop-controlled legislature passed a 2024 law barring the democratic governor from appointing a temporary senator, requiring a special election instead. the law has not been tested and may conflict with the state constitution, which gives the governor appointment power. sept. 1 is the practical deadline for a nov. 3 special election. legal experts say beshear could challenge the law.

why it matters: mcconnell's absence narrows gop senate majority and triggers untested kentucky vacancy law, potentially affecting control.

source: cnbc_topnews
sentiment: -0.20 · impact: 0.30

Surprise fall in US jobs last month as slow summer continues

📰 source: bbc_business · 💼 business us jobs fell by 23,000 last month, against forecasts for an 80,000 gain, with the bureau of labor statistics also revising down may and june payrolls by a combined 103,000. the unemployment rate still dipped to 4.1% from 4.2%, as labor

Homes are selling below asking in 38 of the 50 biggest U.S. cities—if you can afford one

📰 source: cnbc_topnews · 💼 business homes sold for less than their asking price in 38 of the 50 largest u.s. housing markets in june, per redfin. the biggest discounts hit florida and texas: miami and west palm beach averaged nearly 5% below asking, while houston, austin, tampa, dallas, san antonio,

China is gaining ground in AI. But the U.S. still has a major advantage

📰 source: cnbc_topnews · 💼 business hugging face ceo clément delangue told cnbc china is clearly dominating on open models and could start dominating at the frontier by end of this year or next. chinese models are closing the gap with u.s. frontier systems despite limited access to cutting-edge compute. beijing-based

US strikes $1.2bn deal to pay German firm to halt offshore wind projects

📰 source: bbc_business · 💼 business rwe will abandon its offshore wind projects in the us after accepting a $1.2bn payout from the department of the interior. the german energy firm said it will reinvest the money into gas projects, including $900m for an lng export terminal in louisiana. rwe will

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Surprise fall in US jobs last month as slow summer continues

Homes are selling below asking in 38 of the 50 biggest U.S. cities—if you can afford one

China is gaining ground in AI. But the U.S. still has a major advantage

US strikes $1.2bn deal to pay German firm to halt offshore wind projects