More swings are rocking Wall Street, except the U.S. stock market is rising this time. The S&P 500 rose 0.8% in afternoon trading after bobbing up and down through Friday morning. The Dow Jones Industrial Average jumped 496 points, and the Nasdaq composite rose 0.6%. Stocks appeared to get a boost after a Federal Reserve official suggested he may support cutting interest rates again in December. Retailers rallied following strong profit reports from Ross Stores and Gap. Nvidia and other influential AI-linked stocks continued to swing after Thursday's sell-off. Treasury yields eased, while cryptocurrency prices kept dropping sharply.
The U.S. Coast Guard has released a new, firmer policy addressing the display of hate symbols like swastikas and nooses just hours after it was publicly revealed that it made plans to describe them as “potentially divisive” — a term that prompted outcry from lawmakers and advocates. The latest Coast Guard policy, released late Thursday, declared, “Divisive or hate symbols and flags are prohibited.” It added that this category included “a noose, a swastika, and any symbols or flags co-opted or adopted by hate-based groups.” The late-night change also unequivocally banned the display of any divisive or hate symbols from all Coast Guard locations.
The Trump administration is steaming forward on its plan to dismantle the Education Department. Many state and local education leaders say they are bracing for disruption and new bureaucratic hurdles. Education Secretary Linda McMahon insists there will be no disruption as she begins offloading some of her agency’s biggest functions to four other federal departments. She has promised to keep federal money flowing. She says students will benefit as the government reduces its bureaucratic footprint and gives more power to state and local communities. But the plan has drawn pushback from some state and district leaders, who see no benefit and no hope for a seamless transition.
U.S. Border Patrol agents carrying out immigration enforcement operations in North Carolina’s largest city have arrested more than 130 people and are moving into the state’s capital city. The immigration sweep that started in Charlotte over the past weekend is now expanding into the Raleigh area as well. It’s the latest phase of Republican President Donald Trump’s mass deportation efforts that have sent the military and immigration agents into Democratic-run cities. The Department of Homeland Security says it’s focusing on the southern state because of so-called sanctuary policies limiting cooperation between local authorities and immigration agents.
Federal agents are set to conduct a major immigration crackdown called “Swamp Sweep” in New Orleans in the coming weeks. The operation aims to arrest around 5,000 people across southeast Louisiana and Mississippi. People familiar with the matter tell The Associated Press the deployment is expected to start in early December. This is part of a series of nationwide immigration crackdowns under the Trump administration. Republican Governor Jeff Landry has fully supported aligning state policy with federal immigration. Gregory Bovino, a Border Patrol commander known for large-scale immigration crackdowns, will oversee the operation. The plan includes agents fanning out across neighborhoods and commercial hubs, with staging sites planned at the FBI field office and a nearby naval base.
Excerpts from recent editorials in the United States and abroad:
Many Republican leaders insist there's no problem with the GOP's policies, the party's message or President Donald Trump’s leadership, despite big losses in this month's elections. Trump says Democrats and the media are misleading voters who are concerned about high costs and the economy. Republican officials aiming to avoid another defeat in the 2026 midterms are encouraging candidates to embrace the president fully and talk more about his accomplishments. That assessment by GOP officials shows how much the party's fate is tied to Trump. He plans to focus more on affordability but insists the economy has never been stronger: "The prices are coming down,” he told reporters Sunday night as he returned to Washington from his Florida resort.
Naturalized US citizens thought they were safe. Trump's immigration policies are shaking that belief
As President Donald Trump reshapes immigration and the nation’s relationship with immigrants, some naturalized citizens are wondering if the country they made a commitment to when they took the oath of citizenship is still making one to them. There’s now fear that the push to drastically increase deportations and shift who can claim America as home is having a ripple effect. What citizenship has meant has expanded and contracted over the course of American history. In the last years of the 19th century and into the 20th century, laws were put on the books limiting immigration and, by extension, naturalization. The 1965 Immigration and Naturalization Act replaced the system with one that portions visas equally among nations.
The U.S. Commerce Department has launched an antidumping review targeting Italian pasta, claiming it’s sold below market prices. This could lead to a 92% duty on top of an existing 15% tariff from the Trump administration. The potential 107% levy has alarmed Italy, as 13 producers could face significant losses of their second-largest export market. Italian officials and industry leaders argue the tariffs lack evidence and could devastate small producers. The final decision is expected in January, but the situation has already caused concern among importers and retailers.
President Donald Trump has announced the removal of U.S. tariffs on beef, coffee, tropical fruits and other commodities. This move comes amid pressure to address high consumer prices. Trump had focused on tariffs to boost domestic production and the U.S. economy. However, recent off-year elections showed economic concerns as a top issue, with Democrats gaining wins. Inflation remains a challenge despite Trump's claims to have vanquished it. The administration insists tariffs weren't a major factor in rising grocery prices. Democrats and industry groups argue this move acknowledges the impact of Trump's tariffs on consumers. “We just did a little bit of a rollback on some foods like coffee," Trump said later Friday night.