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  • Mar 27, 2025

Tesla’s $14 Billion Rally Eclipses a Rout in Other Auto Stocks

(Bloomberg) -- As shares of Elon Musk’s Tesla Inc. rally on Thursday, the jump in the size of the company dwarfed the decline in the value of its US rivals as the stocks responded to President Donald Trump’s latest tariff announcements. Most Read from BloombergWhy Did the Government Declare War on My Adorable Tiny Truck?How SUVs Are Making Traffic WorseTrump Slashed International Aid. Geneva Is Feeling the Impact.These US Bridges Face High Risk of Catastrophic Ship StrikesAffordable Housing Deve

  • Mar 27, 2025

Why Dogecoin, Shiba Inu, and Sui Are Soaring This Week

President Donald Trump's business ventures also announced further involvement with the sector. Since last Friday, the price of meme stocks Dogecoin (CRYPTO: DOGE) and Shiba Inu (CRYPTO: SHIB) traded 15.5% and 14% higher, respectively, as of 11:57 a.m. ET Thursday. The price of Sui (CRYPTO: SUI) had blasted over 20% higher.

  • Mar 27, 2025

CBO sees US deficits rising over 30 years, economic growth slowing

The U.S. Congressional Budget Office on Thursday projected significant increases in federal budget deficits and debt over the next 30 years, in part due to rapidly rising interest costs, as it sketched out sluggish economic growth and a shrinking workforce. The U.S. public debt meanwhile is seen rising alarmingly, to 156% of GDP in 2055 from 100% in 2025. As the non-partisan budget analyst for Congress, the CBO bases its projections on current law, which could change significantly in the short-term.

  • Mar 27, 2025

US economic growth to slow in the next 30 years, fueled by debt and declining birth rates, CBO says

Weak population gains and increased government spending will result in slower overall economic growth over the next 30 years, the nonpartisan Congressional Budget Office said Thursday. The CBO’s latest long-term budget and economic outlook report — for a timeframe that spans 2025 to 2055 — projects publicly held debt to reach 156% of gross domestic product, or GDP, in 2055. The mix of slower population growth and unfettered spending will also result in weaker economic growth over the next three decades than what the CBO projected last year.

  • Mar 27, 2025

Trump's auto tariffs complicate Fed's deliberations on rates

(Reuters) -President Donald Trump's permanent 25% tariff on imported autos has expanded the global trade war, feeding expectations for higher prices for cars and other products, but doing little to settle the debate about how policies of his two-month-old administration will affect the U.S. economy. With more tariff announcements looming next week, Federal Reserve policymakers remain in a holding pattern on interest rates. With surveys showing signs of economic trepidation and a drop in confidence, central bankers are watching to see if this spills into "hard" data like the still-low unemployment rate.

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