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The Dow Jones Industrial Average had its largest single-day drop in the market's history on Thursday.The Dow finished the day down nearly 1,193 points. The previous largest one-day drop for the Dow was on Feb. 5, 2018, when the index lost 1,175 points.The Dow has lost more than 3,500 points since Friday, marking one of the worst weeks for the market in the last calendar year. Three of the five largest single-day drops in Dow Jones history took place this week.Stocks have been falling amid fears of a worldwide slowdown due to the spread of COVID-19, better known as the coronavirus. Though 607

The Office of Personnel Management directed federal agencies to hold off on issuing expected pay raises for a number of senior government officials, including Vice President Mike Pence and Cabinet members, in a memo Friday evening.Dozens of high-ranking officials were supposed to see an increase in their salary, while hundreds of thousands of federal employees and government contractors are unsure when they will see their next paychecks amid the partial government shutdown.Last month, Congress failed to extend the pay freeze on the raises, which would have ended effectively on Saturday and let the increases kick in.But the OPM "believes it would be prudent for agencies to continue to pay these senior political officials at the frozen rate until appropriations legislation is enacted that would clarify the status of the freeze," Margaret Weichert, the acting director of the Office of Personnel Management, wrote in the memo.OPM plans to issue new guidance once Congress passes updated legislation, Weichert said in the memo.OPM's move comes after Trump 1076

The deadly heat wave that has blanketed much of the US is in its final day.A cold front moving through the Midwest will reach the East Coast by Monday, bringing heavy rain and cooler air, according to CNN Meteorologist Ivan Cabrera.The front will quiet days of extreme temperatures, Cabrera said.This week's high temperatures prompted cities across the US to open cooling centers, issue safety instructions to residents and cancel many outdoor events. New York's mayor declared an emergency. One death has been attributed to the high temperatures: Former NFL player Mitch Petrus, 32, died of a heat stroke after working outside Thursday during a heat advisory in Arkansas, officials said.Part of the relief comes from the dropping of overnight temperatures in the Midwest, which had often hovered near 80 degrees in the past week.While temperatures on the East Coast and Midwest may sink down to the 70s on Monday, Sunday still has some heat in store.Sunday severe weatherAlthough down from Saturday's 157 million, there are still more than 95 million people under a heat warning or advisory for Sunday.The heat index has much of the Midwest feeling as if it's in the 90s, while the East Coast faces triple digits -- with Washington, D.C., at the highest with 110.And although the more central states are being cooled a bit by the moving front, at least 350,000 people are without power across Michigan due to severe weather, according to 1451

The Colorado-based burrito chain Illegal Pete’s has been up and running for over two decades, and the company now has nearly a dozen locations. “[Business has] been great for us,” said the chain’s founder Pete Turner.And it got even greater, Turner says, after an epiphany of sorts a few years ago. He thought to himself, “’What can this business be?’ And really, who is the face of the business? It’s the employees.”In 2015, Turner made a pledge—one that was practically unheard of at the time—to raise the minimum wages of his employees from an hour to . His plan was to increase pay gradually over three years.This month, that wage goes into effect.“Our employees are going to be able to live more comfortably [and have] fulfilled lives.,” he says. “They’ll be able to be more engaged in their job.”Employees like Kristina Keeling, who works in an entry-level position at Illegal Pete’s, says she knows firsthand how big of a difference those extra few dollars an hour make.“If I am surviving better in the world, then I’m going to come to work feeling a little bit better,” Keeling said. “Maybe feeling a little more positive about the world and I think I can give that and share that with the customers as well.”The federal minimum wage hasn’t changed since 2009, and it still sits at .25 an hour. However, many states have raised it on their own. Now, the nation is a hodgepodge of wages, and in some cases, large companies are now leading the way. Amazon, Target and Disney have announced they’ll pay employees an hour. However, critics argue small businesses will suffer if forced to pay an hour. The result may be to lay off workers or reduce hours.But Leo Gertner, with the National Employment Law Project, says when it’s done slowly, it works.“All of these changes have been extremely gradual,” Gertner explains. “Cents over time, and companies have been able to absorb the costs, including small businesses.”That’s how things are done at Illegal Pete’s. Turner’s mantra: make a slow buck, not a quick one.“It’s just nice to know we’ve got, let’s say, 380 people in Colorado that are able to live the lives they want to, go to school, grow in this company, get married, have kids, buy a house, and still work here,” Turner says. 2272

The FBI has been called in to investigate after the Minneapolis Police Department confirmed Monday that a man died while in police custody.The announcement came the same day that video circulated on social media that showed a Minneapolis police officer kneeling on a handcuffed man's neck for several minutes he struggled to breathe. On Tuesday, as video of the incident circulated on social media, Minneapolis Mayor Jacob Frey announced that four officers have been "terminated" from the department. "This is the right call," Frey said.According to the 566

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