Wall Street to Trump: US not safe for investments
(CNN) — Stocks are on the rebound Tuesday, bouncing back from another miserable day on Wall Street. But American financial markets are sounding all sorts of alarm bells that one day in the green can hardly overcome. That’s because investors have been sending a clear message: President Donald Trump’s trade war is making America an unsafe place to invest. Trump’s stock market is throwing off some jaw-dropping statistics. How extraordinary? We’re now making comparisons to the Great Depression. The Dow Jones Industrial Average has tumbled 9.1% in the first three weeks of April, the 129-year-old index’s worst performance for any April since 1932. The only other April that was worse: April 1931. The broader S&P 500 has plunged 14% over the course of Trump’s first term – the worst performance through April 21 for any president since records began in 1928, according to Bespoke Investments.
Putin open to direct talks
Russian President Vladimir Putin says he’s open to direct talks with Ukraine about the war that began when he ordered a invasion. On Russian TV, Putin said that he has always looked positively on peace initiatives. The U.S. has been stepping u pressure on both Russia and Ukraine to talk with each other. A Kremlin spokesman explained that Putin was signaling that he;d be willing to talk about Russian strikes against civilian targets in Ukraine. Ukraine’s president Zelenskyy said he’d welcome any conversation that leads to the safety of civilians.
TGI Fridays down to 85 eateries
TGI Fridays, the bankrupt casual dining chain, has only 85 restaurants left in the United States, according to its website. It’s a sharp decline of the once-iconic restaurant, which had about 270 US locations at the beginning of last year and has only seen its store count rapidly decline since. TGI Fridays’ parent company filed for Chapter 11 late last year and had 164 locations open, but it has kept closing locations during the bankruptcy process, with an additional 30 locations shuttering over the past month. TGI Fridays didn’t respond to CNN’s request for comment about the closures. When it filed for bankruptcy in November 2024, the company said in a statement that fallout from the pandemic was the “primary driver of our financial challenges” and it will use the Chapter 11 process to “explore strategic alternatives in order to ensure the long-term viability of the brand.”
Nadine Menendez found guilty
Nadine Menendez, the wife of former New Jersey Sen. Bob Menendez, has been found guilty by a federal jury in New Jersey of 15 counts of bribery. She was convicted of working with her husband to accept various bribes, including gold bars, cash and a Mercedes automobile. Prosecutors had charged that she was a partner in crime with her husband. She is due to be sentenced on June 12. Former Sen. Menendez was sentenced to 11 years on prison.
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