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Trump says he has ‘no intention’ of firing Federal Reserve chair
President Donald Trump said Tuesday he has no plans to fire Federal Reserve Chair Jerome Powell, just days after his statement that he would like to terminate the head of the U.S. central bank caused a stock market selloff. Trump told reporters, “I have no intention of firing him." The U.S. president had previously insinuated [...]
Walgreens to pay up to $350 million in U.S. opioid settlement
Walgreens has agreed to pay up to $350 million in a settlement with the U.S. Department of Justice, which said that it was illegally filling millions of prescriptions in the last decade for opioids and other controlled substances. The nationwide drugstore chain must pay the government at least $300 million and will owe another [...]
Tesla Q1 profit falls sharply as it fights backlash tied to Musk’s role in Trump administration
Tesla's Q1 profit plunged 70% to $409M amid weak sales, backlash over Elon Musk's role in the Trump administration, and rising competition in the EV market.
US Treasury secretary says trade war with China is not ‘sustainable’
WASHINGTON (AP) — U.S. Treasury Secretary Scott Bessent said in a Tuesday speech that the ongoing tariffs showdown against China is unsustainable and expects a “de-escalation” in the trade war between the world’s two largest economies. But in a private speech in Washington for JPMorgan Chase, Bessent also cau[...]
The Latest: As controversies pile up, Trump allies increasingly turn on one another
The infighting and backstabbing that plagued Trump‘s first term have returned as a threat to his second, with deepening fissures over trade, national security and questions of personal loyalty. The latest turmoil threatens to engulf the Pentagon, where Defense Secretary Pete Hegseth has pushed out top advisers and face[...]
Student loans in default to be referred to debt collection, Education Department says
WASHINGTON (AP) — The Education Department will begin collection next month on student loans that are in default, including the garnishing of wages for potentially millions of borrowers, officials said Monday. Currently, roughly 5.3 million borrowers are in default on their federal student loans. The Trump administration &[...]
Trump renews attack on Federal Reserve Chair Powell
WASHINGTON (AP) — President Donald Trump repeated his attacks Monday against the chair of the Federal Reserve, demanding that the central bank lower its key interest rate to boost the economy. Trump called Jerome Powell “a major loser” and said that energy and grocery prices are “substantially lower” and “there is[...]
60,000 Americans to lose their rental assistance and risk eviction unless Congress acts
Moments after Daniris Espinal walked into her new apartment in Brooklyn, she prayed. In ensuing nights, she would awaken and touch the walls for reassurance — finding in them a relief that turned to tears over her morning coffee. Those walls were possible through a federal program that pays rent for some 60,000 families and [&[...]
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[...]
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[...]
