Big Tech is the key piece of the US-China trade war. And some companies are going to feel the heat far more than others.
When Elon Musk bought Twitter in 2022, he laid off thousands of employees, stopped paying rent and auctioned off coffee makers and office chairs in hopes of a big turnaround. Now the world’s richest man has brought the same slash-and-burn strategy to the federal government, and some people who experienced Musk's takeover at Twitter have a warning: Expect chaos, cuts driven by ideology as much as by cost concerns, intimidation and plenty of lawsuits. Since assuming leadership of the Department of Government Efficiency, Musk has consolidated control over large swaths of the government with President Donald Trump ’s blessing, sidelined career officials, gained access to sensitive databases and invited a constitutional clash over the limits of presidential authority.
A striking percentage of job growth has consisted of immigrant workers — with one bank estimating they accounted for as much as two-thirds of the net gains over the last year.
The suspect began his rampage with a gas station robbery, officials in Florida said early Friday.
Israel and Hamas are due to exchange more hostages and prisoners Saturday, but the backlash over President Donald Trump's proposal for a US Gaza takeover has cast doubt over the fragile truce's future.- Backlash - For the fifth swap, neither side has yet disclosed how many hostages Hamas will release or how many prisoners Israel will free in return.
The UN Human Rights Council launched an investigation Friday into alleged violations and abuses committed in the deadly clashes gripping the eastern Democratic Republic of Congo.The resolution called for a "fact-finding mission on the serious human rights violations and abuses and serious violations of international humanitarian law" in Kivu.
An Italian support group for victims of clerical sex abuse launched a network Friday to help affected families, whom it said were often shunned by their communities in the mainly Catholic country."For families, it's hard to explain that a crime of abuse creates a victim but also [affects] so many other people close to them," she said.
Since last week, thousands of residents have left the island by plane and ferry, as hundreds of earthquakes continue to shake the region.
As average 30-year mortgage rates have stayed stuck around 7%, the net share of consumers who believe they’ll fall in the next 12 months declined sharply in Fannie Mae’s latest survey on housing market attitudes.
A North Carolina judge is expected to rule Friday on whether a Black defendant’s capital trial was undermined by allegations of racial bias during jury selection, potentially opening the door to death row inmates throughout the state getting resentenced.
After threatening Canada with tariffs and urging it to become America's 51st state, Trump's attacks have spurred a wave of Canadian pride.
Iran's supreme leader says negotiations with America “are not intelligent, wise or honorable,” after U.S. President Donald Trump suggested he wants nuclear talks with Tehran despite reimposing his “ maximum pressure ” approach to Iran. The remarks on Friday by Ayatollah Ali Khamenei upend months of signals from Tehran to the United States that it wanted to negotiate over its rapidly advancing nuclear program in exchange for the lifting of crushing economic sanctions worth billions of dollars.
The United States added fewer jobs than expected in January although hiring remained healthy, government data showed Friday, marking resilience in the labor market heading into President Donald Trump's new term.The data indicate the US economy remained in good shape heading into Trump's second presidential term, which began on January 20, analysts noted.
From USAID to the U.S. federal payment system, Musk is spearheading plans to audit and cut multiple government agencies
The European Union must act to lower energy prices and curb illegal migration, Polish Prime Minister Donald Tusk said on Friday, as he laid out Warsaw's priorities for its six-month presidency of the bloc during a visit by EU commissioners. Worries about the cost of living and migration have fuelled a rise in right-wing, eurosceptic parties in many parts of the European Union. Tusk has previously said pro-European parties must act decisively on these issues, which will likely feature prominently in this year's Polish presidential election.
US stock markets rose but European shares fell Friday as investors digested a cooler US jobs report at the end of a volatile week marked by concerns over a trade war.The jobs data caps a turbulent week for stock markets and currencies after US President Donald Trump imposed tariffs on China.
The U.S. economy added fewer jobs in January than economists had forecast, although the jobless rate edged lower.
Investors took in Amazon earnings, with the all-important jobs report on deck.
President Donald Trump's sweeping assertions of executive power during his first weeks back in office appear headed toward U.S. Supreme Court showdowns, but it remains an open question whether or how much the justices might act to check his authority. Since taking office on January 20, Trump's views of presidential authority appear far less restrained than those of his White House predecessors, according to legal scholars, citing actions such as seeking to restrict birthright citizenship, withholding funding appropriated by Congress and removing heads of independent federal agencies. Trump prevailed in three major cases last year at the Supreme Court, whose 6-3 conservative majority includes three justices - Neil Gorsuch, Brett Kavanaugh and Amy Coney Barrett - he appointed during his first term as president.
Hamas accused Israel of multiple breaches of their ceasefire agreement on Friday, a day before the scheduled exchange of three more Israeli hostages for Palestinian prisoners in the latest stage in a fragile deal aimed at ending the war in Gaza. As well as delaying the entry of hundreds of trucks carrying food and other humanitarian supplies, Hamas said Israel had only allowed in a fraction of the tents and mobile homes needed to provide shelter to people returning to their bombed-out homes.