Dow closes down 970 points after Trump criticism of Powell rattles investors

U.S. stocks closed significantly lower on Monday as President Donald Trump escalated his criticism of the Federal Reserve, urging the central bank to immediately lower interest rates and questioning the policy approach of Fed Chair Jerome Powell. The comments came days after Trump said he was eager for Powell’s “termination” despite a longstanding norm of … Read more

DOJ tells judge accused migrants can have at least 24 hours to contest deportations under AEA

Lawyers for the Justice Department, facing pushback on the Trump administration’s efforts to deport alleged migrant gang members under the wartime Alien Enemies Act, told a federal judge in Colorado Monday that they would give such migrants at least 24 hours to file a habeas petition contesting their removal. The move came during a hearing … Read more

Feds accuse Uber of charging customers for subscriptions without consent

The Federal Trade Commission filed a lawsuit Monday against Uber, alleging the ride-hail and delivery giant charged customers for its Uber One subscription service without their consent. The lawsuit also claims Uber failed to deliver the savings promised in its subscription service and made it unreasonably difficult for users to cancel despite its “cancel anytime” … Read more