Musk says ‘eyebrow-raiser’ $2.5 billion Fed building expansion should be subject to scrutiny

Musk says ‘eyebrow-raiser’ .5 billion Fed building expansion should be subject to scrutiny

Key Points

As he exits his efforts to curtail wasteful government spending, Elon Musk tis taking one last shot, calling into question the $2.5 billion Federal Reserve building renovation.
Musk’s DOGE claims to have saved taxpayers $160 billion during its short operating life looking through the government’s books.

Source

Finance

Ray Dalio says to fear the bond market as deficit becomes critical

May 22, 2025

Ray Dalio, founder of Bridgewater Associates LP, speaks during the Greenwich Economic Forum in Greenwich, Connecticut, US, on Tuesday, Oct. 3, 2023. Bloomberg | Bloomberg | Getty Images Billionaire investor Ray Dalio on Thursday sounded another alarm on soaring U.S. debt and deficits, saying it should make investors fearful of the government bond market. “I think […]

Finance

Dealmaking rebounds after Trump’s tariffs cut off a budding M&A boom

May 22, 2025

Key Points Optimism on dealmaking appears to be back now that President Donald Trump has suspended his highest tariffs and market jitters take a backseat. U.S. deal activity plunged by 66% to $9 billion during the first week of April, according to Mergermarket data, after Trump’s “liberation day” tariff announcement. Activity is rebounding this month […]

Finance

Stocks making the biggest moves midday: Urban Outfitters, Advance Auto Parts, Snowflake, Sunrun and more

May 22, 2025

Check out the companies making headlines in midday trading. Advance Auto Parts — Shares skyrocketed 55% following a better-than-expected report from the car part retailer. The company lost an adjusted 22 cents per share in the third quarter, narrower than the loss of 82 cents per share anticipated by analysts polled by LSEG. Revenue came […]