The world’s most widely followed #StockMarket benchmark slid into a correction on Thurs, a drop that underscores how the 2-yr-long bull market [#Bidenomics] is running out of steam in the early days of the #Trump admin.

The move stems from investors’ growing pessimism about the whipsawing policy pronouncements from Trump over the past few weeks. On-again, off-again #tariffs & #MassLayoffs of #FederalWorkers have fomented unease on #WallStreet.

#economy #Trumpcession
nytimes.com/2025/03/13/busines…

Stocks Fall Into a Correction With Investors Down on Trump

The S&P 500 is now more than 10 percent below its last record high — a line in the sand for investors worried about a sell-off gathering steam.

^{Joe Rennison (The New York Times)}

Billionaire #Trump adviser #ElonMusk violated the #law [again] with his weekend demand that federal employees explain their accomplishments or risk being fired, attorneys for #FederalWorkers said Monday in a lawsuit.

The updated lawsuit, which was filed in federal court in California…is trying to block #MassLayoffs pursued by #Musk & Trump, including any connected to the email distributed by the #OPM on Sat.

#USpol #idiocracy #DOGE #labor
apnews.com/article/musk-trump-…

Federal workers sue over Elon Musk's threat to fire them if they don't explain their accomplishments

Attorneys for federal workers say in a lawsuit billionaire Trump adviser Elon Musk violated the law with his weekend demand that employees explain their accomplishments or risk being fired.

^{Lindsay Whitehurst (AP News)}