Latest in Stocks slump on Trump tariff fears, job cuts
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Federal worker fired by Trump administration talks about losing her dream job amid major cuts
Katie Sandlin thought she landed her dream job at the NIH as an educator. She spent her life savings to move from Alabama to just outside Washington, D.C. After only a few weeks on the job, she was ...CBS News - Feb. 21 -
How the Trump and DOGE terminations — perhaps the biggest job cuts in history — may affect the economy
The Trump administration's federal mass job cuts may amount to the largest in history. That has financial ramifications for households and the economy.CNBC - Feb. 23 -
How the Trump and DOGE terminations — perhaps the biggest job cuts in history — may affect the economy
The Trump administration’s purge of federal workers may ultimately amount to the biggest job cut in U.S. history, which is likely to have ramifications for the economy, especially at the local ...NBC News - Feb. 23 -
Jobless claims match 3-month high as Trump White House readies more federal job cuts
The number of people who applied for unemployment benefits last week matched a three-month high, possibly reflecting the first wave of what’s likely to be a flood of laid-off federal employees and ...MarketWatch - Feb. 27 -
Nvidia shares fall 9% on tariff fears
The company's stock price is down 13% since it reported earnings last Wednesday.CNBC - 3d -
Tesla's market cap sinks below $1 trillion as stock slumps more than 8%
Tesla shares have dropped dramatically since peaking in December, and Tuesday's decline pushed the company's market cap below $1 trillion.CNBC - Feb. 25 -
US companies left out of defence stock rally amid Trump’s Pentagon cuts
Fears over spending come as European groups’ shares soar on White House’s threat to cut support for region’s securityFinancial Times - Feb. 25 -
Investors worried about Trump can cut their risk by buying this ‘forgotten’ group of stocks
You can diversify away from the S&P 500 to reduce risk, based on stocks’ prices to expected earnings and on expected earnings growth rates — at the same time.MarketWatch - 1d -
Wall Street stocks steady at end of volatile month despite Trump tariff threats
S&P 500 rises 1.6% to trim February’s lossesFinancial Times - 6d -
Stocks kick off March with biggest drop in months as Trump tariffs rattle market
U.S. stocks endured another serious setback on Monday as what one trader described as a tariff “tape bomb” from President Trump caused the S&P 500 to tally its biggest daily drop in months.MarketWatch - 3d -
Asian tech stocks fall as Trump doubles down on tariffs, keeping investors on edge
Asian tech stocks were also under pressure from the 8.69% fall in artificial intelligence darling Nvidia's shares overnight.CNBC - 2d -
K-pop stocks defy South Korea's political and economic woes — as well as Trump tariff threats
There is one sector that has offered hope to investors this year. One of South Korea's largest cultural exports: K-pop.CNBC - 1d -
Stocks fall even as Trump gives a one-month tariffs reprieve on many Canada, Mexico goods
Stocks fell Thursday afternoon as President Donald Trump's pledge to temporarily exempt many imports from his 25% tariffs failed to deter a wider sell-off.NBC News - 3h -
Why the stock market ignored Trump's latest tariff reprieve and how we took advantage
Every weekday, the Investing Club releases the Homestretch; an actionable afternoon update just in time for the last hour of trading.CNBC - 3h -
Trump says he's not even looking at stock market, tariffs will make U.S. 'very strong'
Tariff decisions have 'nothing to do' with the stock market, President Donald Trump said Thursday.CNBC - 2h -
Eye Opener: Federal jobs cuts continue
Thousands more federal workers find themselves without a job as President Trump and billionaire Elon Musk continue their massive cuts. Meanwhile, bus explosions in Israel threaten the Gaza ...CBS News - Feb. 21 -
Federal agencies that could be impacted by job cuts
A federal judge has paved the way, for now at least, for President Trump, Elon Musk and the DOGE team to go ahead with mass layoffs of federal employees. CBS News senior White House correspondent ...CBS News - Feb. 21 -
Starbucks to cut 1,100 jobs in latest streamlining move
Starbucks Corp. is cutting 1,100 support partner roles as well as several hundred additional open positions as it works to streamline its structure by removing layers and duplicate roles.MarketWatch - Feb. 24 -
Amorim: Job cuts result of poor performance
Ruben Amorim has admitted that the Manchester United staff who are set to lose their jobs in the latest round of cut-backs are paying the price for the team's lack of success on the pitch.ESPN - Feb. 25 -
NOAA workers protest as job cuts continue
National Oceanic and Atmospheric Administration workers are protesting in Silver Spring, Maryland, as the Trump administration moves to cut hundreds of jobs. CBS News' Rob Marciano reports.CBS News - 3d -
Stock market slides on mounting fears over U.S. economic growth
Leading U.S. stock indexes are falling in early trading amid concerns the economy is losing momentum and the impact of tariffs.CBS News - 8h -
Manufacturers boost durable-goods orders ahead of tariffs, but industry slump hasn’t ended
A key measure of business orders rose in January for the third month in a row, but it’s likely the sudden improvement reflects businesses rushing to buy parts and supplies ahead of potential U.S. ...MarketWatch - Feb. 27 -
Canadian leader threatens to cut off energy to some U.S. states over Trump's tariffs
The head of the Canadian province of Ontario is threatening to cut off electricity exports to the U.S. CBS News correspondent Shanelle Kaul spoke with Premier Doug Ford on Wednesday.CBS News - 1d -
DOGE cuts at health agencies prompt 'brain drain' fears
The Trump administration's effort to reshape the federal government through Elon Musk and his Department of Government Efficiency (DOGE) is raising fears among public health experts, researchers ...The Hill - Feb. 23 -
Election systems feared vulnerable as government cuts workers tasked with security
Cuts to the U.S. cybersecurity agency and FBI affected the federal workers tasked with stopping foreign interference in elections.CBS News - Feb. 25 -
N.S.F. Cuts Raise Fears of a Reduced U.S. Presence in Polar Regions
The National Science Foundation has fired workers at the office that manages polar research, raising fears about a reduced U.S. presence in two strategic regions.The New York Times - Feb. 25 -
Family fears federal housing cuts could jeopardize their Missouri home
The Department of Housing and Urban Development helped Calvin and Symone Bentley and their 7-year-old son put a roof over their heads, but DOGE downsizing is making them nervous.NBC News - 23h -
Fears DOGE cuts could impact housing assistance programs
With expected staffing and budget cuts looming at the Department of Housing and Urban Development, there are fears some housing assistance programs could lose funding. In Kansas City, officials ...NBC News - 1d -
The Fed’s job is not to boost the stock market. Here’s what it should be doing.
Getting inflation down to 2% should be the Fed’s No. 1 concern.MarketWatch - Feb. 22 -
People are worried about their jobs. Here’s why that matters for stocks and bonds.
Low credit spreads aren’t reflecting rising concerns about Trump policies or the economy.MarketWatch - 6d -
Europe’s elite fears Trump, Musk and the truth
The EU's ruling class has become fanatical in its desire to censor.The Hill - Feb. 21 -
Confusion, fear at the Justice Department under Trump
The Department of Justice is in upheaval from firings and resignations in the first weeks of the Trump administration. Fear has silenced many in the department, but two prosecutors are speaking up.CBS News - Feb. 23 -
Fearing Retribution, Trump Critics Muzzle Themselves
People say they are intimidated by online attacks from the president, concerned about harm to their businesses or worried about the safety of their families.The New York Times - 52m -
'Hard choices are necessary' - Man Utd to cut up to 200 more jobs
After 250 members of staff were made redundant last year, Manchester United announce up to 200 more redundancies to "return the club to profitability".BBC News - Feb. 24 -
Starbucks asks office workers to stay at home as it announces 1,100 job cuts
Corporate lay-offs are the first for coffee shop chain since 2018Financial Times - Feb. 24 -
The Callisto Protocol Dev Cuts More Jobs In Gaming's Latest Layoffs
Striking Distance Studios, the Krafton-owned game studio that made 2022's The Callisto Protocol and 2024's Redacted , has undergone a new round of layoffs. This follows on from a previous round ...GameSpot - Feb. 25 -
Federal workers urge congressional lawmakers to reverse job cuts
The newly-formed Fork Off Coalition, composed of recently laid off government employees, represents an alphabet soup of agencies with various levels of tenure.CBS News - Feb. 25 -
Social Security Administration sets ‘massive’ reorganization, ‘significant’ job cuts
The Social Security Administration announced a “massive” reorganization and “significant” job cuts on Thursday that critics said could increase customer-service wait times and make it more ...MarketWatch - 6d -
Social Security workers warn job cuts could hurt service for Americans
"We are already short-staffed as it is,"one Social Security Administration employee said of the agency's plans to slash its workforce.CBS News - 6d