Federal job cuts continue under Elon Musk and the Department of Government Efficiency. Government contractors are seeing slowdowns in government spending and cutting staff due to reduced business. Booz Allen, which relies heavily on government contracts, will lay off 2,500 people.
Category: TRENDS ON THE GLOBAL ECONOMIC FRONT – May 27 2025
SPECIAL REPORT: TRUMP’S TARIFFS, THE UPS AND DOWNS, FOR BETTER AND FOR WORSE
Major asset managers are thinning their holdings of U.S. treasury bonds and notes and deploying more funds into a wider range of choices in other countries, the Financial Times reported.