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Elon Musk is reportedly planning to spend less time tending to the budget-cutting DOGE project and more time on his businesses, according to Politico, with Musk having told Tesla shareholders his work in Washington is “mostly done.” Musk’s plans follow his latest downward revision of what he thinks DOGE could save the the federal government. While he once declared $2 trillion in cuts were possible, he subsequently reduced that to $1 trillion. And, most recently, he announced about $150 billion in cuts for the fiscal year. Now, that’s certainly something, but it’s not only far off from his own targets…

Entering young adulthood saddled with debt has become standard for many who want an undergraduate degree, sometimes to the tune of tens-of-thousands of dollars. Related Articles Tariff turmoil: What P&G, Pepsi and other companies are saying about tariffs California ranks No. 2 for housing costs in U.S. March home sales slowed in a lethargic opening to the spring buying season IMF chief urges countries to move ‘swiftly’ to resolve trade tensions that threaten global growth US filings for jobless benefits inch up as labor market remains strong despite fears of downturn Around 45% of 2025 high school graduates will go…

Flush with success last winter, the Dodgers sought out ways to make themselves a destination franchise for the best players they could find. Deferred salaries were one thing. But they also saw it as a duty to find a No. 2. And that’s how the newly-renovated home clubhouse – manager’s office included – at Dodger Stadium came to include eight sophisticated, state-of-the-art, multi-function, heated-seat, bidet-equipped Japanese-style toilets. They can thank Roki Sasaki for giving the defending World Series champions their new thrones. “During our first meeting with Roki, we were telling him about the project we had ongoing to upgrade our…

Donald Trump’s April 2 tariffs paralyzed businesses that rely on international trade, wreaked havoc with financial markets, and injected new economic uncertainty into everyone’s life. Far from offering “liberation,” Trump’s executive orders embody an arbitrary lawlessness that threatens the individual liberties of the entrepreneurs who create goods and services so many of us depend upon. In an effort to stand up for the rights of aggrieved small businesses, two recent lawsuits argue that the executive orders lack statutory authority. They argue that the law Trump invokes, the International Emergency Economic Powers Act, does not mention the power to impose tariffs…

By ALEX VEIGA, Associated Press Business Writer Sales of previously occupied U.S. homes slowed in March, a sluggish start to the spring homebuying season as elevated mortgage rates and rising prices discouraged prospective home shoppers. Existing home sales fell 5.9% last month from February to a seasonally adjusted annual rate of 4.02 million units, the National Association of Realtors said Thursday. Sales fell 2.4% compared with March last year. The latest home sales fell short of the 4.12 million pace economists were expecting, according to FactSet. The average cost of a U.S. mortgage, which climbed to its highest level in…

By HUIZHONG WU, Associated Press BANGKOK (AP) — China on Thursday denied U.S. President Donald Trump’s assertion that the two sides were involved in active negotiations over tariffs, saying that any suggestion of progress in this matter was as groundless as “trying to catch the wind.” China’s comments come after Trump said Tuesday that the final tariff rate on China’s exports would come down “substantially” from the current 145%. “China’s position is consistent and we are open to consultations and dialogues, but any form of consultations and negotiations must be conducted on the basis of mutual respect and in an…

By MATT OTT, Associated Press Business Writer U.S. applications for jobless benefits rose modestly last week as business continue to retain workers despite fears of a possible economic downturn. Jobless claim applications inched up by 6,000 to 222,000 for the week ending April 19, the Labor Department said Thursday. That’s just barely more than the 220,000 new applications analysts forecast. Weekly applications for jobless benefits are considered a proxy for layoffs, and have mostly stayed in a healthy range between 200,000 and 250,000 for the past few years. Even though President Donald Trump has paused or pulled back on many…

By JOSH BOAK and AMELIA THOMSON-DEVEAUX, Associated Press WASHINGTON (AP) — Americans’ trust in President Donald Trump to bolster the U.S. economy appears to be faltering, with a new poll showing that many people fear the country is being steered into a recession and that the president’s broad and haphazardly enforced tariffs will cause prices to rise. Roughly half of U.S. adults say that Trump’s trade policies will increase prices “a lot” and another 3 in 10 think prices could go up “somewhat,” according to the poll by The Associated Press-NORC Center for Public Affairs Research. About half of Americans…

By YURI KAGEYAMA, Associated Press Business Writer TOKYO (AP) — Global shares traded mixed Thursday, as worries crept back following a Wall Street rally that came after President Donald Trump appeared to back off his criticism of the Federal Reserve and his tough talk in his trade war. France’s CAC 40 slipped 0.9% in early trading to 7,412.26, while the German DAX shed early 1.0% to 21,755.04. Britain’s FTSE 100 fell 0.3% to 8,375.06. U.S. shares were set to drift lower with Dow futures declining nearly 0.9% at 39,433.00. S&P 500 futures fell 0.8% to 5,359.25. Japan’s benchmark Nikkei 225…

By JOEY CAPPELLETTI, Associated Press LANSING, Mich. (AP) — President Donald Trump will mark his first 100 days in office next week with a rally in Michigan, his first since returning to the White House earlier this year. Trump will visit Macomb County on Tuesday, the White House press secretary said. The region just north of Detroit, known as an automotive hub. “President Trump is excited to return to the great state of Michigan next Tuesday, where he will rally in Macomb County to celebrate the FIRST 100 DAYS!” Karoline Leavitt said Wednesday on social media. The rally will take…