Breaking News: Economy
Musk’s DOGE cuts helped his companies avoid over $2 billion in legal liabilities, new Senate report alleges
Elon Musk may skirt more than $2 billion in possible financial liabilities by exercising his influence over the federal government, a new report from Senate Democratic committee staffers out Monday alleges. Musk’s ‘Department of Government Efficiency’ has brought sweeping changes to Washington with its slash-and-burn campaign to gut agencies and purge the federal workforce. President […]
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Musk’s DOGE cuts helped his companies avoid over $2 billion in legal liabilities, new Senate report alleges
Elon Musk may skirt more than $2 billion in possible financial liabilities by exercising his influence over the federal government, a new report from Senate Democratic committee staffers out Monday alleges. Musk’s ‘Department of Government Efficiency’ has brought sweeping changes to Washington with its slash-and-burn campaign to gut agencies and purge the federal workforce. President […]
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Wealthy consumers upped their spending last quarter, while the rest of America is cutting back
Key Points Lower-income earners are reining in their transactions to focus on essentials, while the wealthy continue to spend freely on perks including dining out and luxury travel, according to first-quarter results from U.S. credit card lenders. Synchrony, which provides store cards for retail brands including Lowe’s and T.J. Maxx, spending fell 4% in the […]
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Stocks making the biggest moves premarket: Boeing, Domino’s Pizza, Eli Lilly, Progressive and more
Check out the companies making headlines before the bell. Boeing — Shares of the airplane manufacturer added nearly 2% on the back of a Bernstein upgrade to outperform from market perform. The firm said Boeing “should be on a much firmer path than in 2023” as it recovers from the 2024 Alaska Airlines controversy and […]
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Agriculture isn’t nearing trade war tariffs crisis, ‘it is full blown crisis already’ farmers say
A crane unloads peas imported from Canada at the Laizhou port area of Yantai Port in Yantai, China, on February 28, 2025. Nurphoto | Nurphoto | Getty Images The clock is ticking on trade deals that the U.S. will need to strike with many nations, most notably China, to avoid what Trump’s Treasury Secretary has […]
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German fiscal boost won’t outweigh tariff drag for euro zone, IMF’s Europe head says
Higher German infrastructure spending will boost Europe’s economic growth in the coming years — but not enough to outweigh the expected drag from U.S. tariffs, according to Alfred Kammer, director of the European department at the International Monetary Fund. The IMF last week cut its growth outlook for the euro area, also making downgrades for […]
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Trump’s approval ratings fall as he nears 100 days in office, polls show
U.S. President Donald Trump speaks to members of the media as he departs for Rome, Italy, to attend Pope Francis’ funeral, at the White House in Washington, D.C., U.S., April 25, 2025. Leah Millis | Reuters President Donald Trump’s approval rating is dipping as he nears 100 days in office and Americans grow skeptical of […]
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European deregulation push creates ‘moment of opportunity’ to boost growth
Spurring European deregulation and economic growth was a powerful theme that emerged as an answer to challenges raised by the U.S. tariff campaign and questions about American “exceptionalism” at the International Monetary Fund’s annual spring meeting in Washington last week. European officials pointed to the idea of regulatory “simplification” as a way to boost business after […]
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Trump floats tougher Russia sanctions, meets Zelenskyy for first time since Oval Office blowup
In this photo provided by the Ukrainian Presidential Press Office, Ukraine’s President Volodymyr Zelenskyy, right, and President Donald Trump, talk as they attend the funeral of Pope Francis in Vatican, Saturday, April 26, 2025. Ukrainian Presidential Press Office via AP U.S. President Donald Trump floated the possibility of stronger sanctions on Moscow in a lengthy […]
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Unrealistic to shift all U.S. iPhone assembly to India, Apple bear Craig Moffett writes to clients
Fast Money Unrealistic to shift all U.S. iPhone assembly to India, Apple bear Craig Moffett writes to clients Published Sat, Apr 26 202511:07 AM EDT Stephanie Landsman@stephlandsman WATCH LIVE Source
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