Nasdaq closes month near 14-year low as recession fears grow stronger
CNN
US stocks plunged on Friday, with the Nasdaq marking its worst month since October 2008 and the S&P notching its worst month since March 2020 at the onset of the Covid pandemic.
The tech-heavy Nasdaq fell 4.2% on Friday, dragged down by Amazon (AMZN), which dropped nearly 15% after it missed earnings expectations.
The S&P 500 shed about 3.6% on Friday, while the Dow dropped about 940 points, or 2.8%.
Top Trump Cabinet secretaries and national security officials are holding meetings this week to discuss the administration’s next steps on Ukraine – including the prospect of suspending military aid – following the spectacular collapse of Friday’s Oval Office meeting between President Donald Trump and Ukrainian President Volodymr Zelensky.
Mexico has extradited 29 alleged criminals to the United States, among them the so-called “narco of narcos” Rafael Caro Quintero, many accused of murder and several alleged members of cartels now designated as Foreign Terrorist Organizations.
The trial of a suburban Chicago man accused of a mass shooting at a 2022 Independence Day parade that killed seven people and wounded dozens more is set to begin Monday.
A top official at the US Agency for International Development (USAID) was put on leave after issuing a scathing memo blaming Trump political appointees for the US government’s inability to conduct life-saving humanitarian work.
The CEO of a plant in Georgia that makes a special peanut butter paste for severely malnourished children around the world told CNN Sunday that his company’s contracts with the US Agency for International Development that had been abruptly canceled last week were all reinstated late Sunday night.
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President Donald Trump’s efforts to drastically cut federal spending and slash the federal workforce are already having an impact in North Carolina.
The once-obscure Office of Personnel Management, essentially the human resources department of the federal government, is now ground zero for Elon Musk and President Donald Trump’s efforts to slash bureaucracy and deconstruct vast portions of the administrative state.
“A lot of people are focused on the courts generally, and on my court in particular,” Justice Elena Kagan said.
A magnitude 3.9 earthquake struck the San Fernando Valley at roughly 10:15 p.m. Sunday night and was felt in and around Los Angeles, according to the United States Geological Survey.
Miami Beach officials recently announced they were bringing back enhanced security measures for practically the entire month of March, including parking restrictions and increased fees for nonresidents.
The US has suspended operations and planning for offensive cyber operations against Russia, a senior US official told CNN.
First lady Melania Trump is expected to speak publicly Monday, for the first time since her husband returned to office, highlighting her support for a bill aimed at protecting Americans from deepfake and revenge pornography.