Feb 21, 2025 | Markets
5,400 probationary employees face dismissal starting next week Hegseth champions Trump campaign to slash federal worker ranks The Pentagon expects to fire between 5 and 8% of its civilian workforce, with the first round of layoffs targeting 5,400 probationary workers...
Feb 21, 2025 | Markets
Consumers long-run inflation views rise to highest since 1995 US business activity moderates as the service sector cools Stocks had their worst session so far in 2025 after weaker-than-expected economic data and a surge in consumers’ long-run inflation views to the...
Feb 21, 2025 | Markets
Ten-year yield declines as much as 10 basis points on Friday Traders eye weak economic data, report on a coronavirus study A late rally in the US Treasury market pushed the yield on 10-year notes lower for a sixth-straight week as traders hunt for safety amid lower...
Feb 21, 2025 | Markets
While Bank of Canada Governor Tiff Macklem insists there’s a limit to a monetary policy response to a tariff war, he has a clear view of the damage it could have on the Canadian economy. “Increased trade friction with the US is a new reality,” he said in a speech in...
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...
