Trump fires Pam Bondi as attorney general | CNN Politics
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President Donald Trump has fired Pam Bondi as attorney general.

President Donald Trump has ousted Pam Bondi as attorney general, a source familiar with the matter told CNN.

She will be replaced for now by Deputy Attorney General Todd Blanche, who will serve as acting attorney general, Trump said.

The president wrote on Truth Social that Bondi would be “transitioning to a much needed and important new job in the private sector,” praising her for her work in his administration and offering no specific reason for why she would be leaving.

“Pam Bondi is a Great American Patriot and a loyal friend, who faithfully served as my Attorney General over the past year. Pam did a tremendous job overseeing a massive crackdown in Crime across our Country, with Murders plummeting to their lowest level since 1900,” Trump wrote.

Trump had been frustrated with Bondi on multiple fronts, sources said, including her handling of the Jeffrey Epstein files and that she had not investigated or prosecuted enough of his political opponents. She is the second Cabinet secretary to be ousted in recent weeks; last month, Trump removed Kristi Noem as secretary of the Department of Homeland Security.

  • tal@lemmy.todayEnglish
    91·
    7 days ago

    In 2026, the S&P 500 is really a better metric of US large-cap performance than the Dow Jones.

    https://en.wikipedia.org/wiki/Dow_Jones_Industrial_Average

    It is price-weighted, unlike other common indices such as the Nasdaq Composite or S&P 500, which use market capitalization.[4][5] The primary pitfall of this approach is that a stock’s price—not the size of the company—determines its relative importance in the index.

    The Dow Jones index dates to before we had computers, and because it doesn’t care about market capitalization, it’s quick to compute by hand — you can just get the average of 30 numbers.

    But…that also means that it doesn’t do a fantastic job of reflecting the relative impact of each of those individual companies in the index.