Veterans Agency to Cut Roughly 80,000 Staff in DOGE Revamp

Mar 5, 2025 | Markets

A memo sent to staffers at the Department of Veterans Affairs said that the agency plans to return to pre-2019 staffing levels, according to a copy seen by Bloomberg News, meaning tens of thousands of employees could lose their jobs. The VA, which provides care for...

Wall Street Banks Say Markets Are Flashing Rising Recession Risk

Mar 5, 2025 | Markets

Financial markets are signaling that the risk of a recession is growing as tariff-related uncertainty and indicators of economic weakness spread fear across Wall Street. A model from JPMorgan Chase & Co. shows that the market-implied probability of an economic...

Permira Sees Private Capital Opportunities in Volatile Markets

Mar 5, 2025 | Markets, Private Markets

Permira Holdings Ltd. is seeing opportunities for private capital at a time of higher market volatility. “When the markets are really weak, that is when the opportunities emerge for private equity,” Executive Chairman Kurt Björklund said in a Bloomberg Television...

Dalio Warns of US Debt Crisis ‘Heart Attack’ Within Three Years

Mar 3, 2025 | Markets

Bridgewater’s founder on gold, Bitcoin and why the new administration must get to work on deficit reduction Ray Dalio, the billionaire founder of hedge fund Bridgewater Associates, has a warning for the Trump administration: commit right now to reducing the deficit or...

Hundreds Fired at Weather Agency as US Faces Storm Warnings

Feb 28, 2025 | Markets

Jobs cut at US National Oceanic and Atmospheric Administration Agency had 12,000 people, including 6,700 science personnel The Trump administration fired hundreds of employees at the top US agency overseeing weather prediction and climate research, raising concerns...