New Jersey Transit approves a 15% fare hike, the first increase in nearly a decade

It is often unclear what the president is trying to accomplish with his reciprocal tariffs, which adds to the uncertainty surrounding his trade wars.

The S&P 500 sank 4.8%, more than in major markets across Asia and Europe, for its worst day since the pandemic crashed the economy in 2020.

Transportation officials say the increases are needed to fund a 10-year, $24 billion capital improvement program and provide critical funding for New Jersey Transit.