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Month: February 2026

FACT FOCUS: Trump says tariffs have created an economic miracle. The facts tell a different story

FACT FOCUS: Trump says tariffs have created an economic miracle. The facts tell a different story

By PAUL WISEMAN and CHRISTOPHER RUGABER, AP Economics Writers

WASHINGTON (AP) — Looking back on the first year of his second term, President Donald Trump boasts that he has resurrected the American economy by imposing big import taxes on foreign products.

He made his case in a recent opinion piece in The Wall Street Journal, chiding the paper and critics, including mainstream economists, who predicted that tariffs would backfire, raising prices and threatening growth. “Instead,” the Republican president wrote, “they have created an American economic miracle.”

But the proof he offers is often off-base or wrong altogether.

Here’s a look at the facts around Trump’s assessment of tariffs:

CLAIM: “Just over one year ago, we were a ‘DEAD’ country. Now, we are the ‘HOTTEST” country anywhere in the world!’ ’’

THE FACTS: This is a standard statement from Trump. But the U.S. economy was hardly “dead’’ when Trump returned to office last year. And in Trump’s second term, it’s performed strongly — after getting off to a bumpy start. read more

US stocks roar toward their best day since May as Dow surges 1,000 points and bitcoin stops plunging

US stocks roar toward their best day since May as Dow surges 1,000 points and bitcoin stops plunging

By STAN CHOE, AP Business Writer

NEW YORK (AP) — The U.S. stock market is roaring back on Friday, as technology stocks recover much of their drops from earlier in the week and bitcoin halts its plunge, at least for now.

The S&P 500 jumped 1.7% Friday and was heading toward its best day since May. The Dow Jones Industrial Average soared 1,102 points, or 2.2%, and topped the 50,000 level for the first time. The Nasdaq composite was up 1.9%, as of 2:30 p.m. Eastern time.

Chip companies helped drive the widespread rally, and Nvidia jumped 7.3% to trim its loss for the week, which came into the day at just over 10%. Broadcom climbed 7.2% and fully erased its drop for the week.

They were the two strongest forces lifting the S&P 500, and they benefited from hopes for continued spending by customers diving into artificial-intelligence technology. Amazon, for example, said late Thursday it expects to spend about $200 billion on investments this year to take advantage of “seminal opportunities like AI, chips, robotics, and low earth orbit satellites.” read more

Orlando Sentinel 150: Friday Flashback to Marineland Florida

Orlando Sentinel 150: Friday Flashback to Marineland Florida

One of Florida’s earliest manmade tourists attractions, and the oldest marine attraction in the country, is Marineland Florida, located in northern Flagler County. It opened in 1938 for the purpose of collecting scientific data on sea mammals and other creatures, producing movies about them and letting the public view all that was going on.

Even before it opened, Marineland was making news. Here’s an Orlando Sentinel story from December 1937 with the headline, “Another Wonder For Florida: Marineland Takes Form South of St. Augustine”…

“There is indeed a surprise awaiting those who travel on the Ocean Boulevard, between Daytona Beach and St. Augustine, to find the new community of Marineland being erected about 20 miles south of St. Augustine in the extreme north end of Flagler County. Much steel is going up and a great activity is going on in preparing the grounds with the proper naturalistic setting.

A diver walks among numerous fish at Marine Studios (later Marineland) in 1946. A survivor from the pre-Disney era of Florida roadside attractions began as an underwater movie studio. (Courtesy Florida State Archives)
A diver walks among numerous fish at Marine Studios (later Marineland) in 1946. A survivor from the pre-Disney era of Florida roadside attractions began as an underwater movie studio. (Courtesy Florida State Archives)

 

“It seems that long ago someone had the dream of building an aquarium large enough to house the big sea creatures, seldom seen, in order to have controlled conditions whereby unusual moving pictures could be taken. It was their dream to arrange the conditions in such way that motion pictures could be taken of the mother porpoise suckling her young. of big sharks feeding, of sail fish and the dolphin, and many, many others of the some 85,000 underwater species, all in natural habitat unaware of being observed.” read more

How to start saving — even if you’re starting from scratch

How to start saving — even if you’re starting from scratch

By Karen Bennett, Bankrate.com

The thought of saving money may feel overwhelming, especially if you have nothing saved and struggle to afford necessities like rent and groceries.

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If you don’t have a healthy emergency fund, you’re not alone. In fact, only 30% of Americans would pay a $1,000 emergency expense from savings, a recent Bankrate survey found. Other survey respondents said they’d go into debt to afford such an expense through credit cards or personal loans.

Saving certainly isn’t easy and we won’t pretend it is — but here are some practical steps you can take to get started. read more

EU accuses TikTok of ‘addictive design’ that harms children, seeks changes to protect users

EU accuses TikTok of ‘addictive design’ that harms children, seeks changes to protect users

By KELVIN CHAN, Associated Press Business Writer

LONDON (AP) — The European Union on Friday accused TikTok of breaching the bloc’s digital rules with “addictive design” features that lead to compulsive use by children, in preliminary charges that strike at the heart of the popular video sharing app’s operating model.

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EU regulators said their two-year investigation found that TikTok hasn’t done enough to assess how features such as autoplay and infinite scroll could harm the physical and mental health of users, including minors and “vulnerable adults.” read more