On Wednesday, Chinese manufacturing company Foxconn Technology announced it will invest $10 billion into the U.S. by building a display panel factory in Wisconsin, which could create as many as 13,000 jobs. This marks the first step in a series of major U.S. investments by Foxconn, the world’s largest contract manufacturer of electronics. It’s also a huge win for the president, who campaigned on a promise of jobs for the middle class. So what’s next? Will Trump deliver on his jobs promise? Who are the real winners here?
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AMAZON LOOKS TO FILL 50,000 ROLES IN ONE DAY WITH AMAZON JOB FAIR
Amazon.com Inc. said Wednesday that it will host its first Jobs Day on August 2 from 8 a.m. to noon local time at 10 fulfillment centers nationwide, providing an opportunity for job seekers to learn about working with Amazon. The company has more than 50,000 job openings across its U.S. network of fulfillment centers, according to a statement. More than 10,000 of the openings are part-time at the company’s sortation centers, where workers sort and consolidate packages. Employees who work more than 20 hours per week receive benefits. Among the cities where Jobs Day events will take place are…
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SENATE REJECTS OBAMACARE REPEAL WITHOUT REPLACE
Republican U.S. Senate leaders, struggling to keep a seven-year-old promise to end Obamacare, turned their focus on Wednesday to passing a slimmed-down “skinny” repeal measure that would throw the issue into negotiations with the House of Representatives.
The last-ditch effort came as senators voted 45-55 against a straight repeal of Obamacare, which provided for a two-year delay in implementation to give Congress time to work out a replacement. Seven Republicans opposed the measure.
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– Wednesday, July 26th
Markets Close UP After Fed Stays the Course
Big Insider Trades
– Microsoft Corp. (MSFT) EVP Jean-Philippe Courtois Sells $2m
– Cable ONE, Inc. (CABO) Stakeholder Donald Graham Buys $18m