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Is slight rise in Virginia unemployment ‘calm before storm?’
Virginia’s unemployment rate numbers are on a slight rise, according to data from the state’s Department of Workforce Development and Advancement, also known as Virginia Works. The state agency reports that Virginia’s seasonally adjusted unemployment rate in March rose a tenth of a percentage point to 3.2 % compared to 3.1% in February and 2.8% […]
Google faces off with US government in attempt to break up company in search monopoly case
Google confronts an existential threat Monday as the U.S. government tries to break up the company as punishment for turning its revolutionary search engine into a ruthless monopoly. The drama will unfold in a Washington courtroom during the next three weeks during hearings that will determine how the company should be penalized for operating an […]
The Dow sinks nearly 1,000 points
NEW YORK (AP) — Wall Street weakened Monday as investors worldwide get more skeptical about U.S. investments because of President Donald Trump’s trade war and his criticism of the Federal Reserve, which are shaking the traditional order. The S&P 500 sank 2.4% in another wipeout. That yanked the index that’s at the center of many 401(k) accounts 16% below […]
Trump official urges criminal probe of NY AG over Virginia home purchase
NORFOLK, Va. (AP) — In the summer of 2023, New York Attorney General Letitia James helped her niece buy a modest house in Norfolk, Virginia, by becoming a co-borrower on the mortgage loan. A top housing official in the Trump administration has now seized on a document in that transaction to argue that James should […]
Judge pauses Trump administration’s plans for mass layoffs at Consumer Financial Protection Bureau
WASHINGTON (AP) — A federal judge who blocked President Donald Trump‘s administration from dismantling the Consumer Financial Protection Bureau ruled Friday that the bureau can’t go forward immediately with plans to mass fire hundreds of employees. U.S. District Judge Amy Berman Jackson said she is “deeply concerned” that Trump administration officials aren’t complying wi[...]
Trump gripes about interest rates and says Fed Chair Powell’s ‘termination cannot come fast enough’
WASHINGTON (AP) — President Donald Trump slammed Federal Reserve Chair Jerome Powell on Thursday, reiterating his frustration that the Fed has not aggressively cut interest rates and saying that the central bank leader’s “termination cannot come fast enough.” Trump hinted at moving to fire Powell, whose term does not expire until May 2026. The Republican president’s broadsi[...]
Wall Street is mixed after UnitedHealth’s worst drop in decades offsets gains for most US stocks
NEW YORK (AP) — Wall Street is drifting between gains and losses Thursday as UnitedHealth Group’s stock plunges toward its worst drop in more than a quarter century, while most of the rest of the U.S. stock market ticks higher. The S&P 500 was up 0.4% in its final day of trading in a holiday-shortened week. The […]
Hong Kong post office will stop shipping parcels to the US over tariffs
HONG KONG (AP) — Hong Kong’s post office will stop shipping small parcels to the United States after Washington announced plans to charge tariffs on small-value parcels from the southern Chinese city, the government said Wednesday. The U.S. government earlier announced that it would end a customs exception allowing small-value parcels from Hong Kong to enter the U.S. without […]
California will sue to stop Trump from imposing sweeping tariffs
SACRAMENTO, Calif. (AP) — California Gov. Gavin Newsom sued the Trump administration on Wednesday, challenging the president’s authority to impose sweeping tariffs that have set off a global trade war. The lawsuit argues that President Donald Trump‘s use of the International Emergency Economic Powers Act to impose tariffs on Mexico, Canada and China or a 10% tariff on […]
US stocks tumble as Nvidia slides and the fog of Trump’s trade war thickens
NEW YORK (AP) — U.S. stocks are tumbling Wednesday after Nvidia warned new U.S. restrictions on exports to China will chisel billions of dollars off its results, while companies around the world said President Donald Trump‘s trade war is clouding forecasts for how they or the economy will do this year. The S&P 500 was 3% lower in late trading, an […]
The Latest: Trump considers a pause on his auto tariffs
The federal government says it’s freezing more than $2.2 billion in grants and $60 million in contracts to Harvard University after the institution said it would defy the Trump administration’s demands to limit activism on campus. Meanwhile, President Donald Trump has suggested he might temporarily exempt the auto industry from tariffs he previously imposed on the sector, to give [...]
Wall Street ticks higher in a rare quiet day following weeks of tariff turmoil
NEW YORK (AP) — U.S. stocks are rising Tuesday in a rare quiet day for financial markets, for now at least. The S&P 500 was up 0.3% in afternoon trading, though it’s been prone to huge swings not just day to day but also hour to hour. The day before, it went from a gain of 1.8% to a slight […]
