Dow drops 1,000 points as Trump renews criticism of Federal Reserve Chair Jerome Powell
CBSN
Stocks fell sharply on Monday as Wall Street returned from a shortened trading week and President Trump renewed his criticism of Federal Reserve Chair Jerome Powell, branding him as a "major loser."
The S&P 500 fell 152 points, or 2.9%, to 5,130 in early trading, while the Dow Jones Industrial Average tumbled 1,071 points, or 2.7%. The tech-heavy Nasdaq Composite sank even more sharply, dropping 3.2%.
Stocks were down as investors grapple with ongoing tariff uncertainty and await the release of U.S. tech companies earnings this week.
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A federal jury on Monday awarded $500,000 to the widow and estate of a police officer who died by suicide nine days after he helped defend the U.S. Capitol from a mob of rioters, including a man who scuffled with the officer during the attack.
President Trump on Tuesday heads to Brussels for a whirlwind NATO summit at the Hague, Netherlands, hours after he announced that Iran and Israel had reached a ceasefire agreement.
Washington — Top Democrats in Congress say they're still in the dark about President Trump's decision to bomb three nuclear sites in Iran Saturday, even as Iran launched retaliatory strikes Monday.
Washington — The Supreme Court on Monday lifted a lower court order that prevented the Trump administration from deporting migrants to countries that are not their places of origin without first giving them the chance to raise fears of torture, persecution or death.
JetBlue Airways is ceasing service at Miami International Airport as the discount carrier moves to cut costs by eliminating less profitable routes.
Washington — Florida officials asked the Supreme Court on Monday to allow the state to enforce a new immigration law that makes it a crime for people in the United States unlawfully to enter Florida.
The U.S. military strikes in Iran are raising questions about the impact on the oil and gas industry, including whether the widening conflict could result in higher energy prices for Americans.
Ford is recalling more than 197,000 Mustang Mach-E cars due to door latches that may trap passengers
Ford Motor is recalling more than 197,000 Mustang Mach-E vehicles over an issue with door latches that could trap passengers inside.
Novo Nordisk is pulling the plug on its partnership with Hims & Hers Health over claims that the telehealth company sold fake versions of the pharmaceutical firm's weight-loss drug, Wegovy.
Washington — The Supreme Court said Monday that it will consider a religious rights case brought by a former Louisiana inmate who is seeking to sue Louisiana prison officials for money damages for shaving his dreadlocks in violation of his religious beliefs.
Real estate giant Compass is suing Zillow, alleging that the online property website is violating antitrust laws with a new rule that bans home listings from its platform if they appear on any other service for more than 24 hours before being posted on Zillow.
UnitedHealthcare , Kaiser Permanente and other major U.S. health insurers say they want to make it faster and easier for patients to obtain care.
The Oklahoma City Thunder beat the Indiana Pacers 103-91 in Game 7 of the 2025 NBA Finals to secure its first championship since 1979, back when the team was the Seattle SuperSonics.