Category Economy

Breaking economic news, with reports on global stock markets, personal finance, businesses and technology.

DOGE Impact Stings Muni Bonds Backed by Federal Lease Funds

(Bloomberg) — Elon Musk’s aggressive push to cancel federal leases is pressuring some municipal bonds backed by funds from the US authorities. The White Home has urged the Basic Providers Administration, the federal government’s actual property supervisor, to chop federal…

Retail gross sales see greatest drop in a yr to begin 2025

New information out Friday confirmed retail gross sales declined greater than anticipated within the first month of 2025. Headline retail gross sales fell 0.9% in January, greater than the 0.2% decline economists had anticipated, in accordance with Bloomberg information. This…

Trump’s largest financial vulnerability has emerged

Three weeks into his second presidential time period, Donald Trump is basically getting his means on Cupboard nominees, deregulation, deportation and Elon Musk’s dismantling of the federal forms. His largest precedence, an enormous set of tax cuts requiring Congressional laws,…