Apr 4, 2019

ICE arrests 280 in largest workplace raid in a decade

Immigrants are released from detention through a 'catch and release' immigration policy on June 17, 2018 in McAllen, Texas. Photo: Loren Elliott/AFP/Getty Images

U.S. Immigration and Customs Enforcement (ICE) officers on Wednesday arrested 280 technology repair employees in Allen, Texas, in what authorities say is one of the largest ICE enforcement and worksite raid actions of its kind in 10 years, the AP reports.

Driving the news: ICE said that the CVE Technology employees were working in the country illegally, but "did not release details of who was detained." As of last month, ICE was reportedly holding more than 50,000 allegedly undocumented immigrants in prisons throughout the U.S. — an all-time high and an increase of 2,000 people since January.

Go deeper: ACLU says ICE uses license plate database to target immigrants

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Scoop: Top NSC official reassigned to Energy Department amid "Anonymous" fallout

Photo: Mark Wilson/Getty Images

Deputy national security adviser Victoria Coates will be reassigned as a senior adviser to Energy Secretary Dan Brouillette, the National Security Council said Thursday — and a senior White House official said that the administration "rejects" the rumors that she is "Anonymous."

Why it matters: Coates has battled claims that she is the still-unknown Trump administration official that penned a New York Times op-ed and book critical of President Trump.

The Fed may be setting the table for 2020 rate cuts

Illustration: Sarah Grillo/Axios

The Fed looks to be laying the groundwork to lower U.S. interest rates this year, just as they did in April 2019 before cutting rates in July, September and October.

Why it matters: A Fed rate cut makes taking on debt more attractive for U.S. consumers and businesses, helping to juice the economy, but also puts the central bank in a weaker position to fight off a potential recession.

Morgan Stanley to buy E*Trade in a $13 billion deal

Photo: Rafael Henrique/SOPA Images/LightRocket via Getty Images

Morgan Stanley is planning to buy E*Trade Financial Corp. in a $13 billion all-stock deal, the Wall Street Journal reports, with plans to acquire the company known for helping everyday Americans manage their money.

Why it matters: The deal, which would be the largest by a major American bank since the financial crisis, signals Morgan Stanley‘s desire to bulk up in wealth management.