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.
Storms barreling across the heart of the United States continued to threaten rain and pose flooding risks Thursday after causing at least one death when a man apparently was struck by lightning in Wisconsin.
Tiger Woods ' attorney intends to fight an attempt by prosecutors to subpoena the golfer's prescription drug records following his arrest last month in Florida on suspicion of driving under the influence.
Democratic Rep. Eric Swalwell's abrupt exit from the race for California governor left his rivals scrambling to lock down his former supporters in a crowded contest with no clear leader, injecting more turmoil into the campaign to lead the nation's most populous state.
The largest monthly jump in gas prices in six decades caused a sharp spike in inflation in March, creating major challenges for the inflation-fighters at the Federal Reserve and heightening the political challenges of rising costs for the White House.
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