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Dow tumbles nearly 700 points as new inflation fears dent hopes of Fed rate cut

Wall Street stocks fell on Thursday as markets were stunned by data showing weaker-than-expected U.S. economic growth and persistent inflation, as well as large-cap stocks selling off after Meta Platform’s disappointing results. Finished the transaction. The Dow Jones Industrial Average fell 375.12 points, or 1%, to $38,085.12. It fell nearly 700 points in morning trading. […]

Immigration cuts could dent US economy at crucial time, experts say

Experts have warned that if lawmakers move forward with immigration cuts, it could hurt the U.S. economy. A bipartisan Senate agreement to tighten border security and reduce immigration has stalled over opposition from House Republicans who want even more restrictions. As Republicans push for more aggressive measures to stop thousands of migrants from crossing the […]