The Associated Press

Stay informed with The Associated Press’s coverage and analysis for Fortune.

Page 65 of 100

Office of Management and Budget director Russell Vought testifies during a Senate Appropriations Committee hearing on the rescissions package on Capitol Hill, Wednesday, June 25, 2025, in Washington. (AP Photo/Mariam Zuhaib)

Trump administration says some of the $6 billion education grants it withheld were funding ‘a radical leftwing agenda’

By Bianca Vázquez Toness and The Associated Press

Speaker of the House Mike Johnson, R-La., walks behind his security detail through a crowd of reporters as he tries to push President Donald Trump’s signature bill of tax breaks and spending cuts across the finish line even as conservative and moderate GOP holdouts slow that effort, at the Capitol in Washington, Wednesday, July 2, 2025. (AP Photo/J. Scott Applewhite)

House GOP can’t pass Trump’s tax bill as holdouts on center and far-right push back in late-night session

By Kevin Freking, Lisa Mascaro, and others

Phil Spencer, chief executive officer of gaming at Microsoft Corp., speaks during an interview in New York, US, on Tuesday, Nov. 12, 2024. After a nearly two-year process, Microsoft completed its $69 billion acquisition of Activision Blizzard in October 2023, giving Xbox a vast array of new content but also an imperative to reap financial returns. Photographer: Victor J. Blue/Bloomberg via Getty Images

Xbox CEO says latest job cuts ‘follow Microsoft’s lead in removing layers of management’

By Matt O'Brien and The Associated Press

FILE – Sean “Diddy” Combs arrives at the BET Awards at the Microsoft Theater in Los Angeles, on June 26, 2022. (Photo by Richard Shotwell/Invision/AP File)

Sean “Diddy” Combs’s business empire collapse: Dormant fashion brand, failed Hulu series, and relinquished control of alcohol brands

By Jonathan Landrum Jr. and The Associated Press

Philadelphia municipal workers, AFSCME District Council 33, strike outside police headquarters on Tuesday, July 1, 2025 in Philadelphia, Pa. (Alejandro A Alvarez /The Philadelphia Inquirer via AP)

10,000 workers in Philadelphia just walked off the job to strike for better pay and benefits, disrupting trash collection, pools, and 911 calls

By The Associated Press

WASHINGTON, DC – MAY 30: Tesla CEO Elon Musk listens as U.S. President Donald Trump speaks to reporters in the Oval Office of the White House on May 30, 2025 in Washington, DC. Musk, who served as an adviser to Trump and led the Department of Government Efficiency, announced he would leave his role the Trump administration to refocus on his businesses. (Photo by Kevin Dietsch/Getty Images)

Tesla’s 13% sales slump signals deeper trouble as Musk’s polarizing image weighs on demand ahead of earnings

By Bernard Condon and The Associated Press

FILE – Sean “Diddy” Combs arrives at the LA Premiere of “The Four: Battle For Stardom” at the CBS Radford Studio Center, May 30, 2018, in Los Angeles. (Photo by Willy Sanjuan/Invision/AP, File)

Arts & Entertainment

Sean ‘Diddy’ Combs convicted of 2 counts in sex trafficking trial, but acquitted of most serious charges after 13-hour deliberation

By Michael R. Sisak, Larry Neumeister, and others

FILE – President Donald Trump speaks to reporters in the Oval Office of the White House, May 23, 2025, in Washington. (AP Photo/Evan Vucci, File)

Trump’s tariffs would cost mid-sized U.S. employers $82.3 billion, JPMorganChase Institute study finds

By Josh Boak and The Associated Press

FILE – A Social Security card is displayed on Oct. 12, 2021, in Tigard, Ore. The go-broke dates for Medicare and Social Security’s trust funds have moved up as rising health care costs and new legislation affecting Social Security benefits have contributed to closer projected depletion dates. That’s according to an annual report released Wednesday. (AP Photo/Jenny Kane, File)

‘Big, Beautiful Bill’ won’t eliminate taxes on federal Social Security benefits as Trump says it will

By Fatima Hussein and The Associated Press

FILE – Jaelene, 9, works on a computer during a third grade English language arts class at Mount Vernon Community School, in Alexandria, Va., May 1, 2024. (AP Photo/Jacquelyn Martin, File)

Trump administration withholds $6 billion for school programs to ensure money is ‘spent in accordance with the President’s priorities’

By Collin Binkley, Bianca Vázquez Toness, and others

Pentacostal preacher Jimmy Swaggart speaking at convention of religions broadcasters

Televangelist Jimmy Swaggart, whose multimillion-dollar ministry was toppled by his penchant for prostitutes, dies at 90

By The Associated Press

Paramount is going to pay $16 million to settle Trump lawsuit over ‘60 Minutes’ Kamala Harris interview

By The Associated Press

Senate Majority Leader John Thune, R-S.D., is flanked by Sen. John Barrasso, R-Wyo., the GOP whip, left, and Finance Committee Chairman Mike Crapo, R-Idaho, as he speaks to reporters just after passage of the budget reconciliation package of President Donald Trump’s signature bill of big tax breaks and spending cuts, at the Capitol in Washington, Tuesday, July 1, 2025. The bill now moves back to the House for final consideration. (AP Photo/J. Scott Applewhite)

Trump’s ‘Big Beautiful Bill’ may end clean energy credits. Critics warn it could send utility bills ‘through the roof’

By Matthew Daly and The Associated Press

Senate Majority Leader John Thune, R-S.D., center, joined from left by, Sen. John Barrasso, R-Wyo., the GOP whip, Finance Committee Chairman Mike Crapo, R-Idaho, and Budget Committee Chairman Lindsey Graham, R-S.C., speaks to reporters after passage of the budget reconciliation package of President Donald Trump’s signature bill of big tax breaks and spending cuts, at the Capitol in Washington, Tuesday, July 1, 2025. (AP Photo/J. Scott Applewhite)

The Senate just passed Trump’s ‘Big Beautiful Bill’ that includes $4.5 trillion in tax cuts. Here’s what else is inside

By Lisa Mascaro, Mary Clare Jalonick, and others

A lululemon store is in Shanghai, China, on April 19, 2025. (Photo by Costfoto/NurPhoto via Getty Images)

Lululemon is accusing Costco of selling dupes of its $100 pants and hoodies for a fraction of the price

By Michelle Chapman and The Associated Press