24/7 News: The Latest
The Latest: 01/27/2025 10:59am ET
This is your 24/7 news update, the latest views this hour in just four minutes. Stocks are tanking on Wall Street. It comes as shares of NVIDIA, Microsoft and other AI link companies are falling on concerns over the Chinese startup DeepSeek. Company claims it's much less expensive AI model outperformed open AI on several third-party tests. Immigration raids are taking place around the country. The Trump administration has launched a social media thread showcasing what it calls the worst criminals arrested by immigration and customs enforcement since the president's inauguration. White House borders are, Tom Holman was asked if there's an arrest quota. We want to get as many criminals as possible. So there's no number on it. ICE reported more than 950 people were arrested nationwide just yesterday alone. The White House says the Colombian government has changed course and will now accept U.S. flights carrying deported migrants. Babe Guichera's reports, Colombia had turned away two U.S. military planes filled with deportees causing President Trump to threaten a 25 percent tariff on Colombian goods. Colombia's leader then attacking Trump online saying you will never dominate us, but later the country reversing course, according to the White House, agreeing to all of President Trump's terms, including the unrestricted acceptance of migrants. The IRS is starting to accept in process 2024 income tax returns today. The official deadline to file your taxes is still April 15. The agency did note individuals and businesses affected by the wildfires in Southern California now have until October 15 to file their taxes. President Trump has expected to sign three executive orders as he aims to reshape the nation's military. That's according to multiple reports, one of the orders will reportedly include reinstating service members with back pay for those who were discharged for refusing the COVID-19 vaccine. I'm Michael Kastner. Target is the latest big company to end its diversity, equity and inclusion programs. Rob Martier explains. The Minneapolis-based retailer announced the decision in a memo to employees on Friday. According to CNBC, the memo cited the importance of staying in step with the evolving landscape to help drive growth and serve its millions of customers. With the move, Target joins companies like Walmart, Meta and McDonald's in dropping DEI-related pledges and goals. I'm Rob Martier. After nearly being sunk by the pandemic, the cruise industry is sailing into some record territory. Rory O'Neill reports skeptics thought the cruise industry would never survive COVID, but AAA says it's the one sector of the travel industry that's outperformed the rest. 19 million Americans are expected to cruise this year, an increase of 4.5%. The cruise industry says with inflation, a big concern, more passengers are lured by the value of cruising, with many taking advantage of voyages that last just two to five days. It may be Monday, but it could be the best Monday ever. That's because it's National Chocolate Cake Day, free tennis with more. It may be hard to believe, but chocolate cake is a relatively new creation. It came about by accident when a chocolate maker and a doctor tried to make chocolate by grinding cocoa beans. The first chocolate cake recipe was actually printed in 1847, but the convenient box cake mixes we know today came about 100 years later. So 78 years of easy, chocolatey goodness on a cake plate, and there's only one way to celebrate, grab a cake, grab a fork, and eat. Many Americans are not only living paycheck to paycheck, they're living tax refund to tax refund. A new credit karma survey funds, nearly 40% of taxpayers rely on their refund to get by. According to the IRS, the average refund in 2024 was a little over $3,100. I'm Michael Cassner.