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Photo: Newsradio WGAN, WGAN

Stock Markets

US stocks plummeted on Monday, with the Dow Jones down 2%, the S&P 500 down 2.7%, and the NASDAQ down 4%, resulting in over $1 trillion in losses. Retaliatory tariffs from China on US imports exacerbated the decline. President Trump’s reluctance to rule out a recession was highlighted, with the Dow down 2.5% since his inauguration, the S&P down 5%, and the NASDAQ down 10%. A disappointing jobs report showed only 151,000 jobs added, below the expected 170,000. Consumer confidence dropped significantly, and mortgage rates fell to 6.63%. The conversation also touched on the Federal Reserve’s role in economic manipulation and the potential for a recession.

Local Headlines

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National Headlines

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US stocks slip as Wall Street sees both good and bad in Big Tech profits, US-China relations

Options trader Steven Rodriguez works on the floor at the New York Stock Exchange in New York, Wednesday, Oct. 29, 2025. (AP Photo/Seth Wenig)

he U.S. stock market is pulling back from its record heights as Wall Street sifts through mixed developments on everything from the U.S.-China trade war to profits for Big Tech behemoths.

11 hours ago in National, Trending

Banks and retailers run short on pennies as the US Mint stops making them

A sign in a Kwik Trip store shows the store will no longer be using pennies to give change, on Oct. 23, 2025, in Yorkville, Wis. (AP Photo/Morry Gash)

President Donald Trump's decision to stop producing the penny earlier this year is starting to have real implications for the nation's commerce.

11 hours ago in National

China agrees to purchase 25 million metric tons of U.S. soybeans annually, treasury secretary says

President Donald Trump, left, and Chinese President Xi Jinping, right, shake hands after their U.S.-China summit meeting at Gimhae International Airport Jinping in Busan, South Korea, Thursday, Oct. 30, 2025. (AP Photo/Mark Schiefelbein)

China has agreed to purchase 25 million metric tons of U.S. soybeans annually as part of an agreement reached by its leaders, Treasury Secretary Scott Bessent said Thursday.

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New Trump administration rule bars student loan relief for public workers tied to ‘illegal’ activity

FILE - The U.S. Department of Education building is seen in Washington, on Nov. 18, 2024. (AP Photo/Jose Luis Magana, File)

The Trump administration is forging ahead with plans to eject some nonprofits from a popular student loan forgiveness program if their work is deemed to have a "substantial illegal purpose" — a move that could cut off some teachers, doctors and other public workers from federal loan cancellation.