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Here's a big reason why people may be gloomy about the economy: the cost of money
Former Treasury Secretary Larry Summers argues that high interest rates are contributing to people's gloomy economic mood. Sentiment may improve, though, if the Federal Reserve begins to cut rates.
21 DOGE staffers resign, saying they won't help 'dismantle' public services
Twenty-one members of the United States DOGE Service have resigned, they said in an anonymous letter, citing DOGE's ongoing work dramatically reshaping the federal government.
In a break with Trump, Elon Musk calls the GOP megabill a 'disgusting abomination'
Musk joined with GOP critics who say the multi-trillion dollar plan to enact the president's domestic priorities doesn't go far enough to cut federal spending.
Chinese countertariffs to kick in as Trump threatens more to come
The tariffs from China range from 10% to 15% and are applied to crude oil, liquefied natural gas, farm machinery and select other products from the U.S.
RFK Jr. pulls $500 million in funding for mRNA vaccine contracts
The Department of Health and Human Services will cancel contracts and pull funding for some vaccines that are being developed to fight respiratory viruses like COVID-19 and the flu.
Mali reeling after coordinated attacks hit multiple cities
Gunfire and explosions rocked Mali's capital and other key cities in one of the most significant coordinated attacks in years, as armed groups exploited worsening insecurity in the Sahel region.
Spain, Norway and Ireland say they will recognize a Palestinian state
Israel recalls ambassadors, as Spain, Ireland and Norway announce they will formally recognize the Palestinian state this month.
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Trump sues JPMorgan Chase and CEO Jamie Dimon for $5B over alleged 'debanking'
The lawsuit escalates a series of confrontations between the president and the leader of the country's biggest bank.
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4:02
A'ja Wilson snags a record fourth WNBA MVP
Wilson, a 6-foot-4 center for the Las Vegas Aces, has dominated this year. In her eighth season, she finished in the top five in points, rebounds, blocks and steals.
Twinkies are sold! J.M. Smucker scoops up Hostess Brands for $5.6 billion
For Hostess, the deal with the peanut-butter-and-jelly conglomerate is a sweet win after not one, but two bankruptcies.
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