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  • Mar 10, 2025

Wall Street selloff deepens as Trump sparks recession concerns

NEW YORK (Reuters) -Major U.S. stock indexes sank on Monday after U.S. President Donald Trump declined to predict whether his tariff policies could lead to a recession, roiling investor sentiment. The Nasdaq Composite closed down more than 4% after confirming last week that its retreat from December's record high was a correction. "They said there's going to be a period of volatility, there's going to be a rough patch here … the stock market is trying to digest that, and they're discounting that out into the future with lower valuations."

  • Mar 10, 2025

Here are the federal leases Elon Musk is cutting in North Texas

Elon Musk along with 1999 Bryan Street in Dallas and 17629 El Camino Real in Houston (Getty, Google Maps, LoopNet)Elon Musk’s Department of Government Efficiency has canceled six federal office leases in Dallas-Fort Worth. The eliminations cut more than $1.12 million in annual rent, D Magazine reported. They are part of the Trump administration’s broader effort to reduce the government’s […]This article originally appeared on The Real Deal. Click here to read the full story.

  • Mar 10, 2025

NY Fed: Worry over outlook increases amid stable inflation expectations

(Reuters) -Americans grew more worried about the economic outlook in February even as their expectations of the future path of inflation were little changed, a report on Monday from the Federal Reserve Bank of New York said. According to the bank’s latest Survey of Consumer Expectations, inflation a year from now is seen at 3.1%, up a hair from January’s 3% reading, while the projected level of inflation three and five years from now was unchanged relative to January at 3%. The bank’s relatively calm outlook for inflation contrasted, however, with expectations of accelerating price increases for food, rent, gasoline, college and medical costs, as well as a year-ahead expected rise in home prices of 3.3%.

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