Stock markets drop as Trump unleashes new round of global tariffs
Stock markets opened sharply lower on Friday after President Trump unveiled steep tariffs on a wide range of countries, sparking concerns about how these import taxes would impact the U.S. and the global economies.
A weaker-than-expected labor market report contributed to the losses, with employers creating only 73,000 jobs in July, fewer than economists had expected.
The Dow Jones Industrial Average fell more than 400 points, or around 1% shortly after the markets opened. The S&P 500 and the Nasdaq each fell more than 1%.
— This breaking news will be updated
Trump administration’s embattled FDA vaccine chief is leaving for the second time
The FDA's controversial vaccine chief, Dr. Vinay Prasad, is leaving the agency. It's the second time he has abruptly departed following decisions involving the review of vaccinations and specialty drugs.
Family, former presidents and a Hall of Famer give Rev. Jesse Jackson a final sendoff
Several speakers at Jackson's funeral invoked his hallmark catchphrases: "Keep hope alive" and "I am somebody."
Bernard LaFayette, Selma voting rights organizer, dies at 85
Bernard LaFayette, who died Thursday, laid the foundations of the Selma, Alabama, campaign that culminated in the passage of the Voting Rights Act. He was a Freedom Rider and helped found the Student Nonviolent Coordinating Committee.
Oil surges to its highest price since 2023, and stocks drop after U.S. jobs report
Stocks fell Friday on worries that the economy could become stuck in a worst-case scenario of stagnating growth and high inflation. Oil prices touched their highest levels since 2023 after surging again because of the Iran war.
No lawsuits required: U.S. Customs is working on a system to refund tariffs
U.S. Customs told the trade court it aims for a streamlined process in 45 days to return importers' money without requiring individual lawsuits.
Poll: A majority of Americans opposes U.S. military action in Iran
Most Americans disapprove of President Trump's handling of Iran, and a majority sees Iran as either only a minor threat or no threat at all, an NPR/PBS News/Marist poll finds.
