Billionaire Elon Musk called for the Department of Government Efficiency to investigate the Federal Reserve's $2.5 billion headquarters renovation spending, escalating his scrutiny of the central bank as he prepares to reduce his role in the government efficiency initiative.
The spotlight will likely be on the April non-farm payrolls report. Economists, on average, expect 133,000 job gains for the month, notably slower than the 228,00 pace for March.
Inflation will be higher than it would otherwise be, because of tariffs, but lower than many people think because people greatly exaggerate the effect of tariffs.
Shares of agricultural and farm machinery company Titan (NSYE:TWI)
fell 16.3% in the morning session after the company reported weak first quarter 2025 results which included an EPS miss and next quarter's revenue and EBITDA guidance falling short of Wall Street's estimates.
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Summers also countered Treasury Secretary Scott Bessent’s view that bond yield at the shorter end of the curve indicates the Fed should cut interest rates.
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These 3 consumer discretionary stocks cater to consumers who are still spending; analysts agree and continue to raise their price targets for these stocks
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