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Nearly 90% of Consumer Financial Protection Bureau cut as Trump’s government downsizing continues

WASHINGTON (AP) — President Donald Trump is drastically shrinking the workforce and mission of the Consumer Financial Protection Bureau, eviscerating an agency created after the Great Recession with the goal of protecting Americans from fraud, abuse and deceptive practices. The plan, which is being challenged ...
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Trump order seeks looser regulation of US fishing industry

(Reuters) – U.S. President Donald Trump issued an executive order aimed at increasing domestic seafood production by directing the Commerce Department to loosen regulations and by opening up marine monuments to commercial fishing, the White House said on Thursday. WHY IT’S ...
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Tesla settles Black employee’s lawsuit alleging pervasive harassment

By Jonathan Stempel (Reuters) – Tesla has settled a racial discrimination lawsuit by a Black female employee who claimed a manager at its Fremont, California, plant sometimes greeted workers by saying “welcome to the plantation” or “welcome to the slave house.” Raina ...
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Netflix’s first quarter builds on recent momentum as trade war drags down other tech companies

SAN FRANCISCO (AP) — Netflix fared better than analysts anticipated during the first three months of the year, signaling the world’s largest video streaming service is still thriving as President Donald Trump’s policies cast a pall on the economy. The numbers released Thursday indicated ...
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Passengers on Southwest flight evacuated after engine fire forces plane’s return

HOUSTON (AP) — A Southwest Airlines flight had to be evacuated on Thursday after an engine fire forced it to return to a Houston airport. The flight was leaving Hobby Airport on its way to Cabo San Lucas, Mexico, when it was forced to return ...
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AP and the Trump administration argue over presidential access before appeals judges

The Associated Press and the Trump administration returned to a courtroom Thursday — and will be in another on Friday — as part of the high-stakes battle over who can control which journalists are able to question the president. Lawyers argued before a three-judge panel ...
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Fed proposes averaging large bank stress test results to reduce volatility

By Pete Schroeder WASHINGTON (Reuters) – The Federal Reserve kicked off a sweeping effort to overhaul its annual stress tests of large banks on Thursday, proposing to average results over two years in setting capital requirements. The central bank also proposed giving ...
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IMF sees US-China trade grievances, welcomes India tariff cuts

By David Lawder WASHINGTON (Reuters) -International Monetary Fund Managing Director Kristalina Georgieva said on Thursday that the U.S. and China both have trade grievances, but the world’s two largest economies needed to reduce uncertainty and agree on a fairer, rules-based trading system. Georgieva, speaking at an ...
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UnitedHealth was a reliable earnings performer – until its shocking Thursday results

By Sriparna Roy (Reuters) -UnitedHealth has traditionally been a company investors saw as reliable, having not missed earnings estimates since the 2008 global financial crisis. Until Thursday. The country’s largest insurer by market value fell far short of expectations with its quarterly earnings, leading to ...
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JPMorgan and BofA should stop work on IPO for China’s CATL, lawmaker says

By Karen Freifeld (Reuters) – JPMorgan Chase & Co and Bank of America should withdraw from working on the initial public offering of Chinese electric vehicle battery giant CATL, a Republican lawmaker said on Thursday. John Moolenaar, who chairs the House Select ...
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Nearly 90% of Consumer Financial Protection Bureau cut as as Trump’s government downsizing continues

WASHINGTON (AP) — President Donald Trump is drastically shrinking the size and the mission of the Consumer Financial Protection Bureau, the latest step in an extraordinary reshaping of the federal government. Roughly 1,500 employees will be cut from the CFPB, leaving around 200 people, according ...
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In East Palestine derailment trial, railroad and chemical maker agree on who pays residents

Norfolk Southern reached an agreement with one of two companies about how much each side will help pay for a $600 million class-action settlement, which the railroad agreed to after the disastrous 2023 Ohio train derailment and toxic chemicals that were released and burned. This ...
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