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Layoffs Hit Pandemic-Era Heights As Musk Slashes Federal Jobs, Trump's Widespread Tariffs Begin
The US saw one of its largest waves of layoffs in decades, fueled by billionaire Elon Musk's efforts to purge the federal government, as markets fear the financial impacts of President Donald Trump's sweeping new tariffs.
US employers announced 275,240 job cuts in March, outplacement firm Challenger, Gray & Christmas said on Thursday, Apr. 3. That's the third-highest monthly amount since Challenger began tracking layoffs in 1989, only surpassed by the height of the COVID-19 pandemic in April and May of 2020.
So far in 2025, employers have announced 497,052 job cuts — the highe…
Tesla Owners Disguise Vehicles As Stock Craters, Trump Calls Elon Musk Boycott 'Illegal'
Tesla is losing its charge with many Americans as billionaire CEO Elon Musk faces plummeting sales, a freefalling stock, growing protests, and car owners distancing themselves from the controversial brand.
The electric automaker's stock has more than lost all of its post-Election Day gains. Tesla shares stood at $288.53 on Wednesday, Nov. 6, 2024, and hit an all-time high of around $480 in mid-December before beginning a sharp decline.
By early March, shares fell below what they posted the day after Election Day. Tesla opened for trading at $225.11 on Tuesday, Mar. 11, marking abo…
February Job Growth Disappoints, Fueling Economic Fears From Rising Costs, Tariff Confusion
The US labor market fell short of expectations in February, adding to growing economic uncertainty from trade disputes, a hiring slowdown, and ongoing federal job cuts.
The nation's economy added 151,000 jobs in February, according to data from the Bureau of Labor Statistics released on Friday, Mar. 7. That number was lower than the Dow Jones consensus forecast of 170,000, CNBC reported.
Job growth lagged behind the 12-month average of 168,000, signaling a labor market slowdown. Healthcare led with 52,000 new positions, followed by financial activities (+21,000), transpo…
Stocks Plummet After Trump Says Tariffs On Canada, Mexico Will Start, Igniting Trade War Fears
President Donald Trump announced that tariffs on Canada and Mexico will take effect in less than a day, sending the stock market tumbling amid fears of a trade war.
Trump said on Monday afternoon, March 3, that the US will impose 25 percent rates on imports from the two neighboring nations and the United States’ primary trading partners, effectively quashing any last-minute hopes for a negotiated agreement.
“There’s no room left for Mexico or for Canada” to negotiate to prevent the tariffs from taking effect on Tuesday, March 4, Trump said at the White House, adding, “They’re all set.”
The…
$1M Federal Insider Trading Scheme: Westchester Man Shared Private Info, Feds Say
A Westchester man and Long Island resident are among four people charged in connection with their alleged involvement in an insider trading scheme that netted over $1 million in profits, federal officials announced.
David Cooper, age 38, of the Westchester village of Larchmont, and John Lowe, age 61, of the Suffolk County hamlet of Sayville, were arrested on charges of conspiracy to commit securities fraud and securities fraud, the US Attorney's Office for the Eastern District of New York announced on Wednesday, Jan. 15.
Three other men—Randy Grewal, 54, of Anthem, Arizona, and Richar…
Mass Global Tech Outage Grounds Flights, Causes Chaos With Banks, Stock Markets, Media
A major tech outage is causing issues worldwide, including grounding flights.
Banks, stock markets, and media outlets are also being affected on Friday morning, July 19.
An update by cybersecurity technology company CrowdStrike appears to be the cause of device outages for millions of Microsoft Windows device users.
Several major US air carriers, including Delta, United, and Spirit are under a full ground stop, according to the FAA.
"Several airlines have requested FAA assistance with ground stops until the issue is resolved," the agency said.
Microsoft has said it is taking "mitigation …
Area HS Sports Standout Killed, Girl Critically Injured In Single-Vehicle Crash
A high school sports standout in Connecticut was killed in a single-vehicle crash that also left a 16-year-old girl in critical condition.
New Haven County resident Ryan Rutledge, age 17, of Southbury, died on Monday, April 5, after his Jeep went off the roadway around 10:35 p.m., and hit a wire rope guardrail, before the vehicle traveled down an embankment and into the Pomperaug River, said the Southbury Police.
Both Rutledge, and his passenger, were ejected from the vehicle and found in the Pomperaug River.
Rutledge, who was a junior at Pomperaug High School in Southbury, was known for a…
Lowey Will Bring Hudson Valley Dreamer To Trump's State Of Union Address
U.S. Rep. Nita Lowey, a Harrison Democrat who represents Westchester and Rockland counties, said she will bring Pearl River resident Hugo Alexander Acosta Mazariego, a so-called "Dreamer," as her guest at Tuesday’s first State of the Union address by President Trump.
“I want to be clear: Dreamers are Americans,” Lowey said in a news statement. “They contribute to our economy, our communities, and our strength and stability as a nation. Hugo is no exception. When I read Hugo’s letter to my office, I was inspired by his life’s story, his courage to speak out, and his love for the Uni…
