A dramatic set of resignations of federal prosecutors in New York, after the DOJ ordered the criminal case against NYC Mayor Eric Adams to be dropped. Laura Jarrett and Tom Winter explain why three prosecutors are out, and what Adams has to say about accusations of a ‘quid pro quo.’
Category Archives: business
Grocery stores are rationing eggs as supply falls and prices rise
With prices rising rapidly, some of the nation’s biggest grocery store chains — including Trader Joe’s, Walmart and Costco — have begun rationing eggs.
DOGE software approval alarms Labor Department employees
Elon Musk’s DOGE received approval from the Department of Labor to use software that could allow it to transfer vast amounts of data.
Trump threatens U.S. trading partners and allies with reciprocal tariffs
President Donald Trump signed a memorandum Thursday calling for “fair and reciprocal” trade tariffs on all major U.S. trading partners, including longtime allies.
Credit card debt hit $1.21 trillion. Here’s why ‘no one should be surprised,’ expert says.
Collectively, Americans now owe a record $1.21 trillion on their credit cards, according to a new quarterly report on household debt from the Federal Reserve Bank of New York.
Producer prices report points to softer Fed inflation measure than feared
A gauge of wholesale prices rose more than expected in January, though some details of the report indicated that pipeline inflation pressures are easing.
As Trump eyes more tariffs, South Korea remains safe haven for GM and Hyundai
DETROIT — As President Donald Trump threatens to further increase tariffs on U.S. trading partners, the greatest impact for the auto industry outside of North America would be additional levies on South Korea and Japan.
Trump announces ‘reciprocal’ tariffs on U.S. trade partners
President Trump announced plans for what he termed “fair and reciprocal” tariffs on U.S. trade partners. The president signed a memorandum calling for a country-by-country report determining if the tariffs will be necessary.
Inflation ticks up amid stubborn consumer price hikes
The newest read on the economy shows a higher-than-expected increase for January with inflation rising 0.5%, the largest increase in 17 months. Rent, hotels and apartment costs were up 4% and grocery bills skyrocketed with the cost of eggs nearly double what they were last year. NBC’s Christine Romans reports for TODAY on what’s causing the uptick.
When the pain hits home, Republicans balk at Trump’s spending cuts and tariffs
From reducing NIH funding to slashing USAID to new tariffs, Republican lawmakers are beginning to speak out — carefully — against some of Trump’s actions.