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The Senate is preparing to rebuke President Donald Trump over his national emergency declaration at the U.S.-Mexico border, the Washington Post writes, after Trump rejected a GOP compromise aimed at curtailing presidential emergency powers in the future. See full story.

Taxpayers may have paid $10 million to help wealthy families bribe their way into elite schools

The alleged bribes were funneled through a charity — and were tax deductible, prosecutors say. See full story.

The U.S. grounds the Boeing 737 Max aircraft — what that means for air travelers

President Trump has said the U.S. will ground the Boeing 737 Max 8 and 9, meaning a growing number of travelers could face flight delays and cancellations. See full story.

Stock bear who predicted last recession says this is how investors can get ready for the next

Our call of the day, from David Rosenberg, the bearish chief economist and strategist at Gluskin Sheff who predicted the housing crisis and the last recession, and sees another downturn around the corner. See full story.

New home sales drop 7% in January as housing market gets off to slow start in 2019

Sales of new U.S. homes in the U.S. dropped almost 7% in January, indicating the housing market got off to a slow start in early 2019 amid a partial government shutdown and patches of unusually harsh winter weather. New-home sales declined to a 607,000 annual rate. See full story.

MARKETWATCH PERSONAL FINANCE

The college admissions scandal highlights how a coveted status symbol may actually mean very little. See full story.

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