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Recent Articles from Associated Press
‘Abolished’: State Department is laying off over 1,300 employees under Trump administration plan
The U.S. State Department is firing more than 1,300 employees on Friday in line with a dramatic reorganization plan from the Trump administration that critics say will damage America’s global leadership and efforts to counter threats abroad. The department has begun sending layoff notices to 1,107 civil servants and 246 foreign service officers with assignments in the United States, [&he[...]
US stocks move lower and pull S&P 500 back from its record
U.S. stocks are lower in afternoon trading Friday, pulling the market back from all-time highs, as the Trump administration escalates its tariff threats against Canada. The S&P 500 was down 0.2% a day after setting a record high. The benchmark index is on pace to post its first weekly loss in three weeks. The Dow […]
Bitcoin tops $118,000 for the first time, and keeps on going
Bitcoin has reached an all-time high, surpassing $118,000 as a flood of money moves into spot bitcoin ETFs, which have opened up cryptocurrency investing to millions. A soft U.S. dollar and the digital currency friendliness of President Donald Trump‘s administration has also helped to push the price of bitcoin to unprecedented levels recently. Last month the Senate passed legislation th[...]
Trump plans to hike tariffs on Canadian goods to 35%
WASHINGTON (AP) — President Donald Trump said in a letter that he will raise taxes on many imported goods from Canada to 35%, deepening a rift between two North American countries that have suffered a debilitating blow to their decades-old alliance. The Thursday letter to Canadian Prime Minister Mark Carney is an aggressive increase to the top […]
Wall Street is higher and airlines surge on a stronger outlook from Delta
U.S. stock indexes rose in afternoon trading Thursday as Wall Street sized up quarterly results from several companies including Delta Air Lines, which led a rally in airline stocks after releasing a solid outlook for the rest of this year. The S&P 500 was up 0.4%. The benchmark index was on pace to surpass the record it […]
White House budget director accuses Fed chair of violating building rules in renovation
WASHINGTON (AP) — White House budget director Russell Vought suggested in a Thursday letter that Federal Reserve Chair Jerome Powell is in violation of government building rules in the renovation of the Fed’s headquarters. Vought, in a letter he shared on social media, called the initial renovation plans featuring rooftop terrace gardens, VIP dining […]
Ferrero to Acquire WK Kellogg in $3.1B Cereal Deal
Italian confectioner Ferrero, known for brands like Nutella and Kinder, is buying the century-old U.S. cereal company WK Kellogg in a deal valued at approximately $3.1 billion. The Ferrero Group said Thursday it will pay $23 for each Kellogg share. The transaction includes the manufacturing, marketing and distribution of WK Kellogg Co.’s portfolio of breakfast […]
X CEO Linda Yaccarino steps down after two years
X CEO Linda Yaccarino said she’s stepping down after two bumpy years running Elon Musk‘s social media platform. Yaccarino posted a positive message Wednesday about her tenure at the company formerly known as Twitter and said “the best is yet to come as X enters a new chapter with” Musk’s artificial intelligence company xAI, maker […]
Wall Street ends mixed amid Trump’s new tariff deadlines
A choppy day in the markets left major U.S. stock indexes little changed Tuesday as the Trump administration pressed its campaign to win more favorable trade deals with nations around the globe by leaning into tariffs on goods coming into the U.S. The S&P 500 slipped 0.1% a day after posting its biggest loss since […]
NWS cuts spark concern over weather data privatization
WASHINGTON (AP) — As commerce secretary, Howard Lutnick oversees the U.S. government’s vast efforts to monitor and predict the weather. The billionaire also ran a financial firm, which he recently left in the control of his adult sons, that stands to benefit if President Donald Trump‘s administration follows through on a decade-long Republican effort to […]
