U.S. stock futures are little changed; Tesla (TSLA) CEO Elon Musk rails against President Donald Trump's "Big Beautiful" budget bill again; Boeing (BA) agrees to pay $1.1 billion to avoid DOJ prosecution over 737 MAX crashes; Procter & Gamble (PG) says it will cut 7,000 non-manufacturing jobs, representing 15% of its workforce; and USDC stablecoin issuer Circle Internet Group prices its upsized IPO above its expected range. Here's what ജinꦓvestors need to know today.
1. US Stock Futures Little Changed
U.S. stock futures are little changed after the 澳洲幸运5官方开奖结果体彩网:Dow Jones Industrial Average snapped a 澳洲幸运5官方开奖结果体彩网:four-session winning streak Wednesday. Investors are watching jobless claims data today ahead of 澳洲幸运5官方开奖结果体彩网:tomorrow's payroll report for May. Dow futures are flat after shedding 0.2% in the prior session, while Nasdaq and 澳洲幸运5官方开奖结果体彩网:S&P 500 futures are ticking lower after both indexes ended higher yesterday. Bitcoin (BTCUSD) is slightly lower at below $105,000. The yield on the 10-year Treasury note is declining. Gold futures are advancing to trade at more than $3,400 an ounce, and oil futꦯures also are higherꦉ.
2. Musk Rails Against Trump's 'Big Beautiful Bill' Again
Tesla (TSLA) CEO Elon Musk intensified his criticism of President♍ Donald Trump's signature budget leg💞islation on Wednesday, urging supporters on social media to contact their legislators and demand they "KILL the BILL." The post comes after Musk on Tuesday called Trump's "澳洲幸运5官方开奖结果体彩网:One Big Beautiful Bill" a 澳洲幸运5官方开奖结果体彩网:"disgusting abomination" that would "massively increase the already gigantic budget deficit." 🐎The legislation passed the House of Representatives by one vote last month and is now being considered in the Senate.
3. Boeing Agrees to Pay $1.1B to Avoid DOJ Prosecution Over 737 MAX�𒉰� Crashes
Boeing (BA) agreed to pay $1.1 billion to avoid prosecution for the fatal crashes of two 737 MAX jets, including $455 million toward improving its safety compliance and $444.5 million to victims' families. The U.S. Department of Justice charged 澳洲幸运5官方开奖结果体彩网:♍Boeing with defrauding the federal government after the 2018 and 2019 crashes that killed more than 300 ♚people. 🐬Shares of Boeing are little changed in premarket trading.
4. Procter & Gamble to Lay Off 7,000 Non-Manu♔facturing Workers
Procter & Gamble (PG) said it would cut 7,000 jobs, representing roughly 15% of its non-manufacturing workforce, adding that it "expects to record a total non-core charge of $1.0 to $1.6 billion before tax over the course of the two-year program." The restructuring comes after the the consumer goods giant 澳洲幸运5官方开奖结🧜果体彩网:missed its quarterly saleไs projections and cut its full-yea🤡r outlook. Procter & Gamble sharesಞ are little changed in premarket trading.
5. USDC Stablecoin Iඣssuer Circle Prices IPO Above Expected Range
Fintech firm Circle Internet Group, which issues the USDC stablecoin, priced its upsized 澳洲幸运5官方开奖结果体彩网:initial public offering (IPO) above its expected range. The offering 澳洲幸运5官方开奖结果体彩🍃网:now totals 34 millio𒉰n shares at $31 each, up from 32 million shares at an 澳洲幸运5官方开奖结果体彩网:expected range of $27 to $28 announced Monday. USDC is the seventh-largest cryptocurrency, per CoinMarketCap, with a market cap of about $61.5 billion. Shares are set to begin trading Thursday on the 澳洲幸运5官方开奖结果体彩网:New York Stock Exchange (NYSE) under the ticker "CRCL."