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CNN CNN Newsroom July 6, 2024

good morning. i m erica hill. i m jim sciutto. is there movement on capitol hill? we are watching closely this morning as standoff over who will be the next house speaker has now entered its third day. california republican kevin mccarthy failed to secure the votes needed after a total now of six rounds of voting, but, after furious negotiations last night, lots of coffee, new major concessions to his hard line opponents, mccarthy s speaker bid could be showing new signs of life. hard line members who is held out against his speakership are still meeting behind closed doors. these new concessions include what was once a red line for mccarthy. once a red line. agreeing to propose a rules change that would allow just one member to call for a vote to oust a sitting speaker. but even with that concession, it is not clear at this hour if mccarthy will ultimately be able to lock down the votes he needs. do you have a deal with those guys right now? a lot of progress. ....

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More layoffs at Tesla! EV major gives pink slips to staff in software, service teams

Last month, the electric vehicle maker had announced a 10 percent reduction in its global workforce, following which the firm fired senior executives and nearly 500 team members of its Supercharger business. ....

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Germany in recession: What does it mean for Ireland and the EU?

Inside Business podcast with Ciarán Hancock ....

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Number of IT workers shrinks by almost 6,000 on back of global downturn

CSO’s latest monthly payrolls data highlights how global tech retrenchment is playing out ....

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Tech industry cuts 32,000 jobs since January, but aggressively hiring for AI roles

Although economic factors are the main reason for tech lay-offs, firms are also shifting resources to focus on AI talent. ....

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