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Stock Market

Stock market slides. Major indexes wrap up losing week.

Tesla trade-ins hit record high amid Elon Musk controversyTesla trade-ins have reportedly hit a record high amid a brand crisis linked in part to CEO Elon Musk's involvement in the Trump administration. According to the Washington Post, Teslas made up 0.4% of all vehicles traded at traditional dealerships a year ago. That figure doubled to 0.8% in January.unbranded - NewsworthyU.S. stocks plunged, with the Dow closing down more than 700 points and the S&P 500 shedding over 100 points amid heightened inflation and tariff concerns.The Fed's preferred inflation measure, the...
USA Property

Gov. DeSantis criticizes House for reinstating vetoed budget items

The governor lambasted House GOP lawmakers for not addressing 'pressing issues that Floridians care about.'DeSantis wants repeal of red flag laws and supports open carryDeSantis wants repeal of red flag laws and other restrictions on Second Amendment RightsFlorida Governor Ron DeSantis criticizes the Florida House's decision to reinstate four budget items he vetoed last year.DeSantis urges the legislature to prioritize issues like condo insurance reform, medical freedom, and E-Verify instead.The Senate has yet to decide whether to support the House's budget veto overrides.Gov. Ron DeSantis isn’t happy with Florida House...
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What they’re saying about Hyundai’s $5.8 billion investment in Ascension

"Louisiana wins again," was the headline as Gov. Jeff Landry and Louisiana Economic Development trumpeted the official announcement of the $5.8 billion Hyundai steel plant planned for the Donaldsonville area of Ascension Parish.President Donald Trump hosted Landry and several elected officials in the Roosevelt Room of the White House to deliver the monumental news for the state and region, which had not been seen at such a magnitude since the governor and Facebook's parent company, Meta, announced a large artificial intelligence data center in northeastern Louisiana.The first-of-its-kind Hyundai project was...
USA Property

Juneteenth event in NJ moved off federal property over Trump DEI order

The Metuchen Edison Piscataway Area Branch of the NAACP’s Juneteenth celebration this year has been moved off federal property because of concerns it might violate President Trump's executive order targeting diversity, equity and inclusion.“We at the NAACP are being forced to relocate our annual Juneteenth Festival from federal grounds simply because it could be seen as a DEI initiative and risk retaliation under the Trump Administration's agenda. That's not just unacceptable – it's dangerous," said Reggie Johnson, president of this NAACP branch.The event, originally planned for June 7 at the...
Stock Market

Have US stock market prices fallen since Trump took office?

White House downplays recession fears amid stock market concernsA new poll found that 70% of Americans, including a majority of Republicans, think President Trump's trade policies will push prices higher.Scripps NewsThe stock market has experienced turbulence, with the Nasdaq entering a correction in early March.The S&P 500 is predicted to see a weekly gain after four weeks of losses, while the Dow is on track for its largest weekly gain since January.After the November 2024 election, the stock market hit an all time high, with conservative media pundits claiming that...
USA Property

Ohio’s property tax crisis is festering. There are solutions.| Opinion

Michael Stinziano  |  Guest ColumnistSouth Side homeowner Bonnie Mitchell sees 500% tax hikeSouth Side homeowner Bonnie Mitchell sees 500% tax hike, seeks relief through Legal Aid Society; is able to keep houseMichael Stinziano is Franklin County auditor.Re: "Will Ohio homeowners get property tax relief? Why lawmakers can’t agree on a fix," Feb. 24: Ohio does not have a property value problem; it has a property tax problem.Increasing home values are not the cause of unaffordable property tax bills in Franklin County. A byzantine, unconstitutional property tax system that forces underfunded schools...
USA Property

Mar-a-Lago security zone sees yet another home sale, this one at $14M

The custom home had been on and off the market since 2021.More than 20 planes have violated airspace near Mar-a-Lago with the latest incidentsTwo civilian aircraft flew over restricted airspace near President Donald Trump's Mar-a-Lago recently forcing NORAD to respond.Straight Arrow NewsThe house at 153 Kings Road was built in 2009 as a custom home by the sellers, Michael and Lori Bernstein.The propery measures a little more than quarter of an acre on the second street north of Mar-a-Lago. The area closes to through traffic when Trump is in residence...
USA Property

Tesla attacks, vandalism are ‘domestic terrorism,’ says AG Pam Bondi

Uptick in Tesla vandalism amid DOGE backlashElon Musk's Teslas are being vandalized at a higher rate as he faces backlash for federal cuts and firings.U.S. Attorney General Pam Bondi echoed President Donald Trump by saying those who vandalize and violently attack Teslas are committing “domestic terrorism.”Bondi, the former Florida Attorney General who Trump nominated as the country’s next attorney general in November, made the comments in a statement on Tuesday evening.“The swarm of violent attacks on Tesla property is nothing short of domestic terrorism,” Bondi said in the statement.According to...
Stock Market

Stock market losses and credit tightening add pressure on Fed

Howard Schneider  |  ReutersInterest rate decision looms as Fed discusses tariffs and trade war impactsWith rising tariffs looming, experts warn of increased consumer prices as the Federal Reserve convenes to address economic implications. (Scripps News)Scripps NewsTumbling stock markets and signs of tightening credit may make the Federal Reserve's job even more difficult this week as U.S. central bank policymakers try to weigh whether consumer spending will suffer as households take stock of the potential blow to their net worth and greater difficulty in obtaining loans.U.S. retail sales for February, reported on Monday in the...
USA Property

DeSantis’ property tax cuts would cripple local government

Eliminating property tax goes far beyond any trims realized by addressing the proverbial waste, fraud and abuse. It most likely means raising another tax to make up for the lost revenue.Gov. Ron DeSantis holds immigration press event in Palm Beach CountyGov. Ron DeSantis holds immigration Palm Beach County press event with Sheriff Ric Bradshaw, State Rep. Mike Caruso and FDLE Commissioner Mark GlassGov. Ron DeSantis has started talking about eliminating property taxes for Florida homeowners.I don’t think he really means it. For starters, it would make Florida the only state...
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