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Rebuilding Los Angeles Is California’s Economic Moment of Truth
Wildfires that destroyed two neighborhoods made the state’s housing shortage even worse. Now, opposition is growing to creating more.
Top oil executives reckon with downturn even as Trump cheers them on
HOUSTON (Reuters) -The world's energy industry leaders meet in Houston next week as plummeting oil prices push Big Oil to slash thousands of jobs even as a pro-fossil fuel U.S. administration encourages them to pump more. U.S. President Donald Trump's first 47 days in office have been marked by a rapid overhaul of government and policy, including mass layoffs and the reversal of many of the policies of the previous administration. He has repeatedly exhorted the industry to "Drill, baby, drill," and has ordered government agencies to slash red tape to maximise U.S. oil and gas output - already at record levels before he took power.
India Struggles to Shake Off Pessimism After $1.3 Trillion Stock Rout
(Bloomberg) -- Global fund managers are in no rush to load up on Indian stocks even after an unprecedented losing streak has lowered equity valuations.Most Read from BloombergNJ College to Merge With State School After Financial StressTrump Administration Plans to Eliminate Dozens of Housing OfficesWhere New York City's Zoning Reform Will Add HousingBuffalo’s Billion-Dollar Freeway Fix Is on Ice, But Not Because of TrumpInside the ‘Not Architecture’ of High Line Designers Diller Scofidio + Renfr
Billionaire investor Mark Cuban warns ‘this is how recessions start’ as federal cuts ripple through the economy
"This is a bigger issue than people realize. Not just jobs lost. But their families losing benefits. Landlords losing tenants. Cities and towns losing revenue."
Arkham Launches New Tag to Track Crypto Influencers’ Wallets
The blockchain analytics firm currently lists over 950 addresses linked to high-profile crypto figures.
Michael Saylor Shares ‘$100 Trillion’ Crypto Strategy at White House Summit
He advocated for a strategic bitcoin reserve, arguing it could generate substantial wealth and help reduce national debt.
Inflation-Linked Bonds Rebound on Trump Tariffs: Credit Weekly
(Bloomberg) -- Money managers are flocking to bonds that hedge against inflation amid uncertainty about tariffs and their impact on the cost of living.Most Read from BloombergNJ College to Merge With State School After Financial StressTrump Administration Plans to Eliminate Dozens of Housing OfficesWhere New York City's Zoning Reform Will Add HousingBuffalo’s Billion-Dollar Freeway Fix Is on Ice, But Not Because of TrumpInside the ‘Not Architecture’ of High Line Designers Diller Scofidio + Renfr
Why the iShares Bitcoin Trust ETF Plunged in February
Bitcoin evangelists have touted its possibilities as a store of value in the event other currencies lose value due to inflation. President Trump had promised to de-regulate the cryptocurrency industry and make America the "Bitcoin capital of the world." Through February, the prospect of tariffs and federal layoffs under the Department of Government Efficiency program ramped up as the deadline drew near, causing several highly negative consumer sentiment readings.
Fed’s Daly Sees Rates in ‘Good Place’ Amid Elevated Uncertainty
(Bloomberg) -- Federal Reserve Bank of San Francisco President Mary Daly said growing uncertainty among businesses could slow demand in the US economy but doesn’t require a change in interest rates.Most Read from BloombergNJ College to Merge With State School After Financial StressTrump Administration Plans to Eliminate Dozens of Housing OfficesWhere New York City's Zoning Reform Will Add HousingBuffalo’s Billion-Dollar Freeway Fix Is on Ice, But Not Because of TrumpInside the ‘Not Architecture’