Big Tech “Magnificent Seven” stocks were headed for steep weekly losses on Friday morning as investors grew increasingly skeptical of whether the sky-high valuations and spending levels that have defined the AI buildout so far are sustainable. Chipmaking leader Nvidia (NVDA) lost around 3% in the first hour of trading Friday morning, after a Trump…
With bipartisan congressional talks to end the U.S. government shutdown bogging down on Friday, the hit to the national economy is growing, experts said. “Even if there is a reopening of the government in the next couple of weeks, you’re going to see a visible and permanent loss of economic activity as a result of…
Washington — The U.S. Department of Agriculture informed states Friday that it is working to comply with a federal judge’s order to provide full food benefits to roughly 42 million Americans through November, an agency official said. Patrick Penn, deputy undersecretary of Food, Nutrition and Consumer Services, said in new guidance issued to state agencies that…
Big Tech “Magnificent Seven” stocks were headed for steep weekly losses on Friday morning as investors grew increasingly skeptical of whether the sky-high valuations and spending levels that have defined the AI buildout so far are sustainable. Chipmaking leader Nvidia (NVDA) lost around 3% in the first hour of trading Friday morning, after a Trump…
Democratic Senator Tammy Baldwin of Wisconsin introduced a bill Friday to restore funding for Head Start programs during the ongoing government shutdown. “My bill would give families certainty that Head Start and the care it provides will continue,” Baldwin said in a statement provided exclusively to CBS News. “If my Republican colleagues don’t want to…
WASHINGTON (Reuters) -The economic impact of the U.S. government shutdown is far worse than expected, but the U.S. economy is likely to rebound quickly once it ends, White House economic adviser Kevin Hassett said on Friday. Construction projects are starting to slow down and travel is suffering, Hassett said in an interview with Fox Business…
Airlines and travel experts are warning that a move by federal authorities to throttle back the number of flights at 40 major airports starting on Friday could disrupt people’s travel plans across the U.S. “Even if you’re flying out of an airport that doesn’t have reductions, there will be a domino effect across the entire…
Updated 4m ago Some of the nation’s busiest airports to be affected The expected flight cancellations on Friday will affect some of the busiest airports in the country, including Atlanta, Chicago, Dallas, Los Angeles, and all three major airports in the New York City area, LaGuardia, JFK and Newark. United Airlines expects to cancel…
Facing a shortage of air traffic controllers, data shows flight delays are on the rise as the government shutdown drags on. It’s a trend that is expected to continue as federal officials plan to cut travel by 10% at 40 airports starting Friday. Nearly a quarter of flights arrived late into 16 of America’s busiest…
WASHINGTON (Gray DC) – The government shutdown has now stretched to 36 days, officially becoming the longest shutdown of any kind in U.S. history. The landmark closure passed that historic threshold just hours after Democrats swept the polls in key elections, winning the Virginia and New Jersey gubernatorial races, the New York City mayoral election,…