The Trump administration’s plan to slash the federal workforce will dump millions of square feet of empty square feet onto the office property market nationwide at a time when the sector is just beginning to stabilize after sliding for the past five years, The Wall Street Journal reported.
Berkshire Hathaway, Warren Buffet’s investment vehicle, has sold all of its shares of exchange-traded funds (ETFs) managed by State Street Advisors and Vanguard, leaving it with no investments in ETFs.
Nearly one hundred companies are expected to lay off employees in March, according to a report in the Economic Times.
Google, in a race to lead progress in artificial intelligence (AI), will have a better chance of achieving that goal if workers on the project are in the company’s central offices five days a week, Google cofounder Sergei Brin said in an internal memo reported by The New York Times.
In a 2 March social media post, Donald Trump named Bitcoin and Ethereum as mainstays in a U.S. strategic crypto reserve that would include tokens Cardano, Solana, and XRP.
The recent drop in bond yields has devalued the dollar. The bellwether 10-year treasury note’s yield fell as low as 4.24 percent on 28 February, sliding from above 4.8 percent in January and reaching its lowest point since mid-December.
The U.S. annual inflation in January ran at 2.5 percent, a slight slowdown from December’s 2.6 percent, the Bureau of Labor Statistics reported. The month-to-month rate was up 0.3 percent, the same as it was in December.
The number of signed contracts for the purchase of existing homes fell 4.6 percent in January compared to December and were down 5.2 percent year on year, marking the fewest since the National Association of Realtors (NAR) began recording the number in 2001.
U.S. home prices grew 3.9 percent in December, year over year, a faster rate than November’s 3.7 percent, according to the S&P CoreLogic Case-Shiller National Home Price Index.
Last year, more retailers filed for bankruptcy than any year since 2020 when the COVID War broke out, S&P Global Intelligence reported. Aside from that year, the number was the largest since 2017.