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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 […]
US stocks sink with the US dollar’s value as investors retreat further from the United States
THIS IS A BREAKING NEWS UPDATE. AP’s earlier story follows below. NEW YORK (AP) — U.S. stocks are tumbling 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&[...]
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 conc[...]
Strange sell-off in the dollar raises the specter of investors losing trust in the US under Trump
NEW YORK (AP) — Among the threats tariffs pose to the U.S. economy, none may be as strange as the sell-off in the dollar. Currencies rise and fall all the time because of inflation fears, central bank moves and other factors. But economists worry that the recent drop in the dollar is so dramatic that […]
Asian markets are mostly higher as Wall Street is stuck in trade war doldrums
BANGKOK (AP) — Asian shares were mostly higher in thin Good Friday trading after a bumpy ride on Wall Street, where the Dow industrials lost 1.3% as UnitedHealth shed more than a fifth of its value due to a weaker-than-expected profit report. U.S. stock and bond markets will be closed on Friday. Tokyo’s Nikkei 225 [&hell[...]
Trump administration issues order to stop construction on New York offshore wind project
The Trump administration has issued an order to stop construction on a major offshore wind project to power more than 500,000 New York homes, the latest in a series of moves targeting the industry. Interior Secretary Doug Burgum on Wednesday directed the Bureau of Ocean Energy Management to halt construction on Empire Wind, a fu[...]
Google’s digital ad network declared an illegal monopoly, joining its search engine in penalty box
SAN FRANCISCO (AP) — Google has been branded an abusive monopolist by a federal judge for the second time in less than a year, this time for illegally exploiting some of its online marketing technology to boost the profits fueling an internet empire currently worth $1.8 trillion. The ruling issued Thursday by U.S. District Jud[...]
China dominates solar. Trump tariffs target China. For US solar industry, that means higher costs
Mike Summers was eager to install solar at his home in Ohio for years, and after he finally replaced his aging roof this year, his solar contractor swung into action. His system — including 19 panels and a battery backup — went up this week, and Summers considers himself lucky. “I’m glad to have done […]
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 do[...]
The Latest: Trump hints at firing Federal Reserve chair Powell after tariff comments
U.S. President Donald Trump said Thursday that Federal Reserve Chair Jerome Powell’ s termination “cannot come fast enough” as he reiterated his frustration that the Fed hasn’t aggressively cut interest rates. The president’s broadside came a day after Powell said in a speech that Trump’s broa[...]
Powell says Federal Reserve can wait on any interest rate moves
WASHINGTON (AP) — The Federal Reserve can stay patient and wait to see how tariffs and other economic policies of the Trump administration play out before making any changes to interest rates, Chair Jerome Powell said Wednesday. “For the time being, we are well positioned to wait for greater clarity” on the impact of pol[...]
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 s[...]
