Steve Cohen ‘Negative’ on US Economy, Citing Tariffs and DOGE

Feb 21, 2025 | Markets

US growth is likely to slow in the second half of the year as tariffs, tighter immigration laws and government cost-cutting efforts led by Elon Musk weigh on the economy, billionaire Steve Cohen said. The Point72 Asset Management founder, speaking at the Future...

Trump Job Cuts Threaten Safety at National Parks, Workers Say

Feb 21, 2025 | Markets

An axed custodian warns that the condition of the parks is “not going to be pretty.” National Park rangers throughout the US are warning of impending danger to visitors, wildlife and natural resources as job cuts and hiring freezes slash staffing at some of the...

US Existing-Home Sales Drop Back Again With Mortgage Rates at 7%

Feb 21, 2025 | Markets

January contract closings fell 4.9%, dragged by West and South Despite inventory increasing, home prices are still rising Sales of existing US homes fell last month for the first time since September, as the combination of high mortgage rates and prices sets a grim...

Mexico’s Economy Posts Biggest Quarterly Decline Since 2021

Feb 21, 2025 | Markets

GDP shrank 0.6% in fourth quarter from previous three months Slow growth, cooling inflation factors in central bank easing Mexico’s economy posted the biggest quarterly contraction since 2021, with domestic demand and private investment faltering just as tensions with...