>>Trading Week Winding Down
(New York, NY) -- The opening bell rings this morning after stocks closed lower on Wall Street yesterday. It comes as investors weight the latest tariff news from the White House. At the closing bell, the Dow Jones Industrial Average fell by 155 points to 42-299. The S&P 500 lost 18 points to 56-93. The Nasdaq dropped 94 points to 17-804. Investors today will be keeping an eye out for the release of a key measure of inflation - the Personal Consumption Expenditures price index - and the latest reading on consumer sentiment.
>>Musk: Don't Plan Staying With DOGE Past 130 days
(Washington, DC) -- Elon Musk says he doesn't think he'll be working at the Department of Government Efficiency much longer. Speaking to Fox News, Musk said he believes DOGE will reach their goal amount of government waste and fraud removed within his 130 day mandate. That's the legal time-frame given to a "special government employee" to stay on the job. He believes he can cut the deficit by one-trillion dollars.
>>United Auto Workers President Praises Tariffs On Foreign Cars
(Detroit, MI) -- The president of the United Auto Workers union says 25-percent tariffs on foreign-made cars is a step toward ending the "free trade disaster." Shawn Fain has been critical of President Trump in the past. This comes after Trump announced the tariffs on automobiles and light trucks imported into the United States beginning April 2nd. Fain noted that progress would also mean union rights for autoworkers across the United States. He said the UAW has been clear that it will work with any politician willing to deliver results, regardless of party.
>>Slight Drop In Weekly Jobless Claims
(Washington, DC) -- The number of Americans filing first-time unemployment claims was less than expected last week, but not by much. The Labor Department on Thursday said it received 224-thousand initial requests for benefits in the week ending March 22nd. That's a decrease of a thousand from the previous week's revised total and about two-thousand less than most analysts had forecast.
>>Meme Trading Platform Robinhood Is Getting Into Banking
(Menlo Park, CA) -- Robinhood, known as a meme stock platform, is reportedly aiming to roll out checking and savings accounts to its "Gold" level subscribers. Bloomberg reports that while Robinhood is introducing bank-like services, it is not an FDIC-insured bank itself. Instead, it will work with a partner institution to offer Federal Deposit Insurance Corp. protection on consumers' money. Banking services will be provided by Coastal Community Bank.
