Wall Street sees major drop amid concerns over slowing economy
Wall Street saw a dramatic drop on Friday with the Dow Jones plunging nearly 750 points, and the S&P 500 and Nasdaq falling sharply amid fears of a slowing economy and stubborn inflation. CNBC’s senior economic reporter Steve Liesman joins Saturday TODAY to break down what you need to know.
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Wall Street Is Getting Antsy With Trump
The contrasting reactions between the overflow and V.I.P. areas at a Trump event encapsulated the finance world’s worries about the new administration’s first month.The New York Times - 10h -
US stocks dip amid concerns over tariffs and consumer belt-tightening
All three major stock indexes moved decisively lower, extending sell-off in wake of dour economic reports. US stocks tumbled on Friday, extending a sell-off in the wake of dour economic reports and ...The Guardian - 21h -
Walmart shares drop as retailer says profit growth will slow
Walmart has factors that could work in its favor, including a growing online business and market share gains from higher-income shoppers.CNBC - 1d -
Rivian beats Wall Street's fourth-quarter expectations, but expects lower deliveries in 2025
Rivian beat Wall Street's fourth-quarter earnings expectations and achieved its first gross quarterly profit but is forecasting lower sales in 2025.CNBC - 1d -
Celsius wants to sell more energy drinks to women. Wall Street likes the move.
Celsius shares are up more than 30% after its quarterly results topped estimates and it announced plans to buy drink maker Alani Nu.MarketWatch - 1d -
Walmart's worst week since 2022: Retailer's former U.S. CEO Bill Simon thinks Wall Street is getting earnings, tariff risks wrong
Walmart is coming off a tough week after delivering a slowing profit growth forecast.CNBC - 6h -
Consumer sentiment sours as worries grow over outlook for U.S. economy
Confidence dropped 10% from January to the lowest level since late 2023.MarketWatch - 1d -
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 - 1d -
LA mayor removes fire chief amid tensions over deadly wildfires
Los Angeles Mayor Karen Bass (D) has removed the city’s fire chief, Kristin Crowley, amid ongoing tensions over the handling of and response to the region's deadly January wildfires. Crowley was ...The Hill - 23h
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Trump fires nation’s top-ranking military officer in latest job cuts
President Donald Trump fired the nation’s top-ranking military officer, the Joint Chiefs of Staff Chairman Gen. CQ Brown Jr. It’s the first of many more job cuts expected with thousands of ...NBC News - 7h -
Trump fires chairman of Joint Chiefs of Staff CQ Brown
President Donald Trump fired Joint Chiefs of Staff Chairman CQ Brown Jr., the country's highest-ranking military officer, from his position. This comes amid a wave of administration changes under ...NBC News - 17h -
Who still makes the federal minimum wage of $7.25?
Some states have raised minimum wage for employees as the federal level has stayed at $7.25 an hour since 2009. The Trump administration has not signaled plans to boost the minimum wage, so what ...NBC News - 19h -
Trump says he is considering merging USPS with Commerce Department
President Trump told reporters he would be considering merging the United States Postal Service with the Commerce Department, knocking the current state of the USPS as a "tremendous loser."NBC News - 22h -
Trump: Putin and Zelenskyy 'have to get together' to end the war
President Trump was asked about his comments towards Ukrainian President Volodymyr Zelenskyy and Russian President Putin and called on the two leaders to meet in order to end the war between the ...NBC News - 22h
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Trump chides Maine governor at CPAC after clash at White House
National Harbor, Md. – President Trump chided Maine Gov. Janet Mills (D) on stage at the Conservative Political Action Conference on Saturday after the two clashed the day before at the White House ...The Hill - 9m -
In foreign policy, Trump needs to be more like Reagan, less like Biden
The Biden administration's reluctance to take action against Russia in Ukraine has been criticized, while Trump's new Defense Secretary Pete Hegseth has made similar rookie mistakes, potentially ...The Hill - 24m -
Live updates: Trump delivers remarks at CPAC
President Trump on Saturday is about to deliver the closing speech of the Conservative Political Action Conference (CPAC) in National Harbor, Md., an appearance that comes just over a month into ...The Hill - 25m -
Many Americans don't trust the media to cover Trump: Survey
Most Americans in a new survey said they have little confidence that the news media can cover President Trump with fairness and accuracy. The YouGov poll, published Friday, found that 67 percent of ...The Hill - 1h -
America's Russia policy is a failure of critical thinking and foresight
This persistent inability to appreciate the thinking exposed by another great power is especially striking given that Russia’s policies have not changed at all since the days of Ivan the Terrible ...The Hill - 1h