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- Wall Street has its worst day since the war with Iran started and crude oil prices rise
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UPS on Tuesday announced it is planning to cut 20,000 jobs this year, part of a cost-cutting effort that’s linked to fewer deliveries from Amazon, its biggest customer. The shipping company, which operates in over 200 countries, currently has around 490,000 employees. The layoffs will impact slightly over 4% of its workforce.The move is part of the company’s plan to consolidate UPS’s facilities and workforce. Along with the job cuts, the company announced it will also close 73 of its buildings by the end of June 2025 and said that it may target additional buildings for closure. “These actions will enable us…
Activism / April 29, 2025 The American people can smell a rat. If we want to be trusted partners, we have to show we are worthy of the trust and be willing to do what it takes to engage, explain and bring people to us. Ad Policy Seattle Mayor Ed Murray (C) celebrates with supporters after signing a bill that raises the city’s minimum wage to $15 an hour on June 3, 2014, in Seattle, Washington.(David Ryder / Getty Images) As Democrats and millions of Americans across the country stand up to Donald Trump, Elon Musk, and the rest of…
President Trump is planning to travel to Michigan on Tuesday, on the 100th day of his second term, for back-to-back events meant to demonstrate his commitment to the heart of American manufacturing at a time when many people are growing dissatisfied with his economic agenda.Mr. Trump plans to visit Selfridge Air National Guard Base, whose future has been uncertain in recent years. He has said he is working with local officials to keep Selfridge open and vowed an infusion of new resources, such as fighter jets, at the base.After that, the president is expected to travel to Macomb Community College,…
Homeland Security Secretary Kristi Noem said she’s “very confident” that the two people arrested in connection with the theft of her purse are in the country illegally. “These are career criminals,” Noem told CBS News in an interview at the U.S.-Mexico border on Monday. “They have perpetuated crimes against many people in this country for many years illegally.”Noem’s purse was stolen April 20 when she was at a restaurant in Washington, D.C., with her family. She said the bag was sitting between her feet when it was taken. Noem said she does not believe she was targeted and it was just a…
General Motors is abandoning a previous forecast for solid profit growth this year as a result of the uncertainty created by President Trump’s trade policies, the automaker said on Tuesday.The Trump administration imposed a 25 percent tariffs on imported cars this month and has said it will impose a 25 percent duty on imported parts on Saturday. About half the cars that G.M. sells in the United States in a typical year are made abroad, mostly in Canada and Mexico.“We are not going to give any more forward guidance on tariffs until we have more clarity,” the company’s chief financial…
It was May 1996, and David Kaczynski, a counselor for troubled youth in upstate New York, sat down to write a letter to his brother Ted. A month earlier, his brother had been shockingly unmasked as the shadowy Unabomber, responsible for a 17-year campaign of bombings that had killed and maimed people across the country.Ted Kaczynski, a brilliant but mentally troubled mathematician who had retreated years earlier to a remote hovel in Montana, had been arrested based on information from a tipster to the F.B.I., ending one of the longest and most expensive manhunts in American history. He was now…
President Trump is marking the first 100 days in office of his second term on Tuesday evening with a speech in Macomb County, Michigan, outside Detroit. He’s expected to hit the highlights of his second term so far, including mass deportation operations, efforts to shrink the size and scope of government and the changes he’s making to the global trade landscape. Those endeavors have not gone unopposed, prompting scores of lawsuits filed by ousted government employees, migrants fighting their deportation and business owners who argue the president’s tariffs are unlawful.Macomb Community College in Warren, Michigan, is hosting the president for his remarks. “[I]nflation…
Signs direct traffic to the immigration court parking lot in Chicago, Ill., in August 2024. Christian Monterrosa/AFP via Getty Images hide caption toggle caption Christian Monterrosa/AFP via Getty Images President Trump is chipping away at the right to due process within the immigration court system, immigration lawyers and former judges say, in an effort to fast-track deportations. Over the course of his first few months in office, the administration has removed some protections from deportation, cancelled grants that provided legal representation to children, fired dozens of the judges responsible for hearing cases, and moved individuals to far-flung locations — including…
During his presidential campaign, Donald J. Trump pledged to quickly bring down prices for American households, including making housing more affordable.“We’re going to open up tracts of federal land for housing construction,” Mr. Trump said in August. “We desperately need housing for people who can’t afford what’s going on now.”The Trump administration is now trying to follow through on that promise. Last month, federal officials created a task force that would identify and release federal land that could be used for housing development.The announcement is the first major initiative the Trump administration has rolled out to address the nation’s affordable…
Nearly 100 former employees and prosecutors for the U.S. Attorney’s Office in Washington, D.C., have signed a memo opposing President Trump’s nominee to lead the office. The memo is the latest effort by critics of acting D.C. U.S. Attorney Ed Martin to stop his Senate confirmation for the permanent role, which is among the most powerful federal prosecutor positions in the country. The letter was signed by a group of former prosecutors who served in the D.C. U.S. Attorney’s Office across seven decades, under administrations from Lyndon B. Johnson’s through Joe Biden’s. The memo, a copy of which was shared with…