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By STAN CHOE, AP Business Writer NEW YORK (AP) — The U.S. stock market added to its record as Wall Street closed out a second straight winning month. The S&P 500 rose 0.5% Monday in its first trading after completing a stunning rebound from its springtime sell-off of roughly 20%. The Dow Jones Industrial Average added 0.6%, and the Nasdaq composite gained 0.5%. Oracle helped lead the way after saying it’s off to a strong start in its fiscal year. Banks were also solid in their first trading after the Federal Reserve said they’re financially strong enough to survive a…

A heavy aerial attack on the Wolf fire burning in the San Jacinto Mountains south of Banning had largely slowed the flames on Monday, June 30, even as the winds increased in speed at midday. After making progress overnight, helicopters dropping water on the flames and airplanes laying retardant ahead of the flames on the northeast flank below Highway 243 on Monday at least temporarily stopped the eastward spread. Earlier, flames jumped the 243 but firefighters beat them back. Some 1,400 acres had burned as of early Monday morning, said Capt. Daniel Potter, a Cal Fire/Riverside County Fire Department spokesman.…

After a weekend of setbacks, the Senate will try to sprint ahead Monday on President Donald Trump’s big bill of tax breaks and spending cuts despite a series of challenges, including the sudden announcement that GOP Senator Thom Tillis won’t run for reelection after opposing the package over its Medicaid health care cuts. The hours ahead will be pivotal for the Republicans, who have control of Congress and are racing against Trump’s self-imposed July 4 deadline. The 940-page “One Big Beautiful Bill Act,” as it is now formally titled, has consumed Congress as its shared priority with the president, with no room politically to fail, even as not all…

The motocross community is mourning the loss of one of its brightest prodigies following the death of 16-year-old Aidan Zingg of Hemet, who succumbed to injuries sustained during an event on Saturday in Mammoth Lakes, industry website DirtBikeLover reported. Zingg, who grew up in Hemet, had just signed with the prestigious Kawasaki Team Green. At Saturday’s Mammoth Mountain MX event, Zingg reportedly crashed in a corner of the 250cc B class race. After the crash, he was, according to the initial report on DirtBikeLover, “run over by multiple bikes and remained unconscious on the track for two laps before the…

The ongoing fight between the Trump administration and certain media outlets over the full extent of the damage to Iran’s nuclear program from U.S. airstrikes misses the much larger picture of what they mean for the future of the Middle East. Quite simply, in its myopic focus on just how damaged the Fordow facility is, both the media and the administration are missing the true impact of what occurred and what the outcome may be. President Trump’s decision to strike Iran’s main nuclear facilities – and the beating Tehran took during its 12-day war with Israel – open the door…

While Southern California employers collectively added jobs in the past year, nine of 15 major industries were trimming staff. My trusty spreadsheet, filled with state job figures, found 8 million people at work in Los Angeles, Orange, Riverside and San Bernardino counties in May. Yes, that’s up 38,200 in the past 12 months, but that expansion is 62% below the median annual growth pace of 101,300 since 2010. By industry, however, the picture is mixed. Many local bosses seem reluctant to hire as they juggle high financing costs, skittish consumers and unorthodox economic policies from the Trump administration. Within these 15…

By ELLEN KNICKMEYER, Associated Press WASHINGTON (AP) — Former Presidents Barack Obama and George W. Bush delivered rare open criticism of the Trump administration — and singer Bono held back tears as he recited a poem — in an emotional video farewell on Monday with staffers of the U.S. Agency for International Development. Monday was the last day as an independent agency for the six-decade-old humanitarian and development organization, created by President John F. Kennedy as a peaceful way of promoting U.S. national security by boosting goodwill and prosperity abroad. Secretary of State Marco Rubio has ordered USAID absorbed into…

As expected, free agent forward Nicolas Batum will sign a two-year, $11.5 million deal to return to the Clippers, according to multiple sources on the first day of NBA free agency. The deal includes a team option as well as a trade kicker. His contract is the maximum he can receive with his non-Bird rights. Batum, 34, had expressed his desire to stay with the Clippers at the end of last season. He credits Coach Tyronn Lue for “saving his career” after finding out through social media that he had been waived by the Charlotte Hornets in 2020. Batum had…

Costco members with the pricier executive membership saw an old perked revived Monday, June 30: early entrance. The membership club is now open starting at 9 a.m. for members who pay the annual executive rate of $130. Gold Star and business members ($65 annually) can enter at 10 a.m. The company told Business Insider that the change was a “reward” for its most loyal customers and “their commitment to Costco.” Also see: Not a Costco member? Shoppers have tips to get inside Costco before the pandemic offered early hours for certain members. That practice ended when it converted that early…

By TARA COPP, Associated Press WASHINGTON (AP) — The top military commander in charge of troops deployed to Los Angeles to respond to protests against immigration raids has asked Defense Secretary Pete Hegseth if 200 of those forces could be returned to wildfire fighting duty, two U.S. officials told The Associated Press on Monday. President Donald Trump ordered the deployment of about 4,000 California National Guard troops and 800 active duty Marines against the wishes of Gov. Gavin Newsom in early June to respond to a series of protests against Immigration and Customs Enforcement raids in Los Angeles. The federal…