A 10% drop for stocks is scary, but isn’t that rare
The U.S. stock market has just dropped 10% from its high set last month. Wall Street has a name for such a decline: a “correction.”
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Postal Service to work with DOGE on reform, cut 10,000 workers
The agency previously announced plans to cut its operating costs by more than $3.5 billion annually.
Some universities freezing hiring, laying off staff amid federal funding cuts
Over the last two weeks, more than a dozen institutions have announced limits on hiring for faculty and staff positions and other measures to tighten purse strings.
Judge orders Trump to rehire probationary workers let go in mass firings across multiple agencies
There are an estimated 200,000 probationary workers across federal agencies. They include entry level employees but also workers who recently received a promotion.
Trump threatens 200% tariff on European wine after EU proposes American whiskey tariff
President Donald Trump, in a Thursday social media post, vowed a new escalation in his trade war if the EU goes forward with the planned 50% tariff on American whiskey.
Pete Buttigieg won’t seek Senate seat in Michigan, source says
While Buttigieg’s decision could weaken Democrats’ chances of retaining a critical Senate seat in 2026, it might also strengthen the party’s search for new national leadership.
Ten athletic directors to enforce new rules under college sports lawsuit
The new rules will come into play when terms of the landmark $2.8 billion antitrust settlement reconfiguring the industry go into effect this summer.
Ultraprocessed foods come under fire. Here’s why.
Ultraprocessed foods have been linked to a host of negative health effects, from obesity and diabetes to heart disease, depression, dementia and more. And they make up most of the U.S. diet.
EU hits beef, whiskey, motorcycles with targeted tariffs
The European Union responded within hours to the Trump administration’s increase in tariffs on all steel and aluminum imports to 25%.
Inflation cools for first time since September
Core prices, which exclude the volatile food and energy categories, had their lowest increase since April 2021.
House passes bill to fund federal agencies through September
The measure moves to the Senate, where bipartisan support will be needed to get it over the finish line.
Trump’s 25% tariffs on all steel and aluminum imports go into effect
While President Trump’s tariffs could help steel and aluminum plants in the United States, they could raise prices for the manufacturers that use the metals as raw materials.
Trump says TikTok deal is in works. Here’s where things stand.
Questions about the fate of the popular video sharing app have continued to linger since a law requiring its China-based parent company to divest or face a ban took effect on Jan. 19.
Colts ink 1-year, $14M deal with former New York Giants QB, source says
The free-agent quarterback will get the the chance to compete with Anthony Richardson for a starting spot with the Indianapolis Colts.
Trump doubles planned tariffs on Canadian steel, aluminum to 50%
The U.S. stock market promptly fell following his social media post, triggering more concerns after a brutal selloff on Monday.
Job openings rose to 7.7M in January
The Labor Department’s Job Openings and Labor Turnover Survey showed that openings rose in real estate, health care, manufacturing and construction.
Southwest Airlines ends trademark ‘bags fly free’ policy for many customers
Southwest will abandon a decades-long practice that executives had described last fall as key to differentiating the budget carrier from its rivals.
Kentucky bourbon makers fear becoming ‘collateral damage’ in trade war
For an industry that has to plan well into the future, based on aging its whiskey products, angst is widespread in Kentucky, which produces 95% of the world’s bourbon supply.
UPDATE: Elon Musk claims X being targeted in ‘massive cyberattack’
Following two morning outages, a sustained outage that lasted at least an hour began at noon, with the heaviest disruptions occurring along the U.S. coasts.
Stocks’ sell-off worsens as Wall Street wonders how much pain Trump will accept for the economy
It was the worst day yet in a scary stretch where the S&P 500 has swung more than 1%, up or down, seven times in eight days.