Wall Street saw a dramatic drop on Friday with the Dow Jones plunging nearly 750 points, and the S&P 500 and Nasdaq falling sharply amid fears of a slowing economy and stubborn inflation. CNBC’s senior economic reporter Steve Liesman joins Saturday TODAY to break down what you need to know.

The median income for new homebuyers has increased sharply since the Covid pandemic and surpassed six figures, according to an NBC News analysis of U.S. Census Bureau data.

In Michigan, servers had been preparing for a big change to their wages as the state was set to phase out its two tiered system that allows employers to pay tipped workers less than the state’s standard minimum wage. But some servers argued the change would mean losing money, and now the state has changed course. NBC News’ Christine Romans reports. 

Bybit, a major cryptocurrency exchange, has been hacked to the tune of $1.5 billion in digital assets, in what’s estimated to be the largest crypto heist in history.

There are some signs of improvement heading into the spring buying season, but President Donald Trump’s economic plans complicate the outlook.

Millions of Americans are caregivers for loved ones — something that is challenging and expensive. On National Caregiver Day, NBC’s Vicky Nguyen joins TODAY with ways for people to prepare for the undertaking and ask for support.

From higher standard deductions to paying less due to inflation, NBC News senior business analyst Stephanie Ruhle joins TODAY with tips for filing your taxes and the changes you can expect for this year.

The Trump administration will ask the U.S. Supreme Court to overturn a lower court ruling that ordered a government ethics watchdog reinstated to his post after he was fired by the president.

An IRS employee who is affiliated with the Department of Government Efficiency is expected to seek access to an IRS system that houses sensitive taxpayer information, according to an administration official.

Dozens of probationary employees at one agency were told one of the reasons they were being fired was for poor performance — even though they had “exceptional” reviews.