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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.

Jobless claims rise to one-month high

The number of jobless workers who applied for unemployment benefits last week rose to a one-month high, but the level of layoffs in the U.S. remained extremely low. Jobless claims rose by 6,000 to 229,000. 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.

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.

Tesla to offer first look at Model Y amid worries about demand, margins

The Silicon Valley car maker is scheduled to reveal the Model Y, a compact SUV, at 8 p.m. Pacific on Thursday at its Los Angeles-area design studio. See full story.

MARKETWATCH PERSONAL FINANCE

The drawing on Saturday is for the largest lottery jackpot so far this year. See full story.

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