Finance

Elon Musk will step down from his role leading the Department of Government Efficiency (DOGE) in May. During his time there, he helped reduce the national deficit by 1trillion. Tech billionaire concludes 130-day tenure as head of Department of Government Efficiency (DOGE), leaving behind transformed federal spending landscape WASHINGTON – Elon Musk announced Thursday he will depart … Read more

Trump Unveils Aggressive New Tariffs Policy: Key Industries Targeted, Negotiations to Follow In a bold move set to reshape global trade dynamics, former U.S. President Donald Trump has announced a sweeping new tariff policy effective April 2, specifically targeting critical sectors including pharmaceuticals and automobiles. The strategy marks a dramatic shift in trade approach—imposing tariffs first, then … Read more

Elon Musk announced Friday that he’s transferring ownership of X (formerly Twitter) to his AI company, xAI, in an all-stock transaction valued at $33 billion. In a landmark move that could reshape the social media and artificial intelligence landscape, Elon Musk announced Friday the acquisition of X (formerly Twitter) by his AI startup xAI in … Read more

NEW YORK (AP) — Wall Street suffered heavy losses Friday as fears grew over rising inflation and a slowing U.S. economy. Consumer spending is weakening due to concerns about the global trade war. The S&P 500 fell 2%, marking one of its worst drops in two years. It also posted its fifth weekly loss in … Read more

▪️ Daly, Fed Chairman: — I expect 2 rate cuts in 2025. — The main goal is a sustainable path to 2% inflation. ▪️ Bostic, Fed Chairman: — Previously I expected two rate cuts, now only one. — Inflation will remain unstable, with a return to the 2% target not expected before 2027. ▪️ Barkin, … Read more