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Wall Street rallies to its best day in months, but that’s not enough to salvage its losing week
NEW YORK (AP) — U.S. stocks rallied to their best day in months on Friday as Wall Street’s roller coaster suddenly shot back upward. That still wasn’t enough to keep the U.S. market from a fourth straight losing week, its longest such streak since August. The S&P 500 jumped 2.1% a day after closing more than 10% [&he[...]
Trump probes lumber, timber imports for potential tariffs; names furniture as derivative product
WASHINGTON – Does the U.S.’ reliance on imported lumber and timber constitute a threat to national security? That’s what the Trump Administration aims to find out through a new executive order. “The wood products industry – composed of timber, lumber, and their derivative products (such as paper products, furniture, a[...]
FTC reverses its request for a delay in an Amazon trial, says it has resources to litigate the case
A lawyer for the Federal Trade Commission has walked back his comments about a lack of resources and staff turnover interfering with the agency’s preparations for a trial involving Amazon’s Prime program. FTC lawyer Jonathan Cohen asked a federal judge during a hearing on Wednesday to delay the September trial and re[...]
Average US rate on a 30-year mortgage edges higher, ending a seven-week slide
The average rate on a 30-year mortgage in the U.S. edged higher this week, ending a seven-week slide that helped ease borrowing costs for home shoppers just in time for the spring homebuying season. The average rate rose to 6.65% from 6.63% last week, mortgage buyer Freddie Mac said Thursday, March 13. A year ago, […]
More than 50 universities face federal investigations as part of Trump’s anti-DEI campaign
WASHINGTON (AP) — More than 50 universities are being investigated for alleged racial discrimination as part of President Donald Trump’s campaign to end diversity, equity and inclusion programs that his officials say exclude white and Asian American students. The Education Department announced the new investigations Friday[...]
Close calls at Washington DC airport raise questions about why changes weren’t made before crash
WASHINGTON (AP) — While Congress pushed ahead last year with adding 10 new daily flights to Washington, D.C.’s Reagan National Airport, many looked past concerns about dangers in the congested skies over the nation’s capital. Squeezing in more flights would only increase the risks, said Virginia’s two senators, who c[...]
Wall Street tumbles after Trump escalates his trade war
NEW YORK (AP) — Wall Street’s sell-off hit a new low Thursday after President Donald Trump’s escalating trade war dragged the S&P 500 more than 10% below its record, which was set just last month. A 10% drop is a big enough deal that professional investors have a name for it — a “correction” — and the S&[...]
Inside South Carolina operations of the largest military shipbuilder in the US
A new division of the largest military shipbuilder in the U.S. is in full swing after establishing operations in South Carolina just two months ago. Newport News Shipbuilding-Charleston Operations, a facility in a division of Virginia-based Huntington Ingalls Industries, better known as HII, began in Goose Creek roughly 60 days [...]
Judge orders Trump to reinstate probationary workers let go in mass firings across multiple agencies
SAN FRANCISCO (AP) — A federal judge in San Francisco ordered President Donald Trump’s administration to rehire thousands, if not tens of thousands, of probationary workers let go in mass firings across multiple agencies, blasting their tactics Thursday as he slowed the new president’s dramatic downsizing of the [...]
