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  • Mar 07, 2025

Top-Ranked Stock Manager, and Ex-Bear, Says Macro Angst Overdone

(Bloomberg) -- Like many of his peers over the past two years, Jeff Muhlenkamp feared a recession was nigh, prompting him to keep a big chunk of client money in cash while resisting richly valued stocks after their outsized rally.Most Read from BloombergTrump Administration Plans to Eliminate Dozens of Housing OfficesNJ College to Merge With State School After Financial StressRepublican Mayor Braces for Tariffs: ‘We Didn’t Budget for This’How Upzoning in Cambridge Broke the YIMBY MoldNYC’s Finan

  • Mar 07, 2025

US Treasury's Bessent says economy may slow in shift away from public spending

U.S. Treasury Secretary Scott Bessent said on Friday that the U.S. economy may slow as it transitions away from public spending towards more private spending, calling it a "detox period" needed to reach a more sustainable equilibrium. "Look, there's going to be a natural adjustment as we move away from public spending to private spending," Bessent said on CNBC. "The market and the economy have just become hooked, and we've become addicted to this government spending, and there's going to be a detox period."

  • Mar 07, 2025

US Energy Chief Will Seek $20 Billion to Refill Oil Reserve

(Bloomberg) -- US Energy Secretary Chris Wright plans to seek up to $20 billion to accomplish President Donald Trump’s goal of refilling the nation’s depleted oil reserve to its maximum capacity.Most Read from BloombergTrump Administration Plans to Eliminate Dozens of Housing OfficesNJ College to Merge With State School After Financial StressRepublican Mayor Braces for Tariffs: ‘We Didn’t Budget for This’How Upzoning in Cambridge Broke the YIMBY MoldNYC’s Finances Are Sinking With Gauge Falling

  • Mar 07, 2025

Trump Trade Wars, Sanctions Grip Already-Tight Heavy Oil Market

(Bloomberg) -- US President Donald Trump’s trade wars and sanctions are tightening the market for heavy crude, boosting prices for the sludgy oil and raising costs for the largest American refining center.Most Read from BloombergTrump Administration Plans to Eliminate Dozens of Housing OfficesNJ College to Merge With State School After Financial StressRepublican Mayor Braces for Tariffs: ‘We Didn’t Budget for This’How Upzoning in Cambridge Broke the YIMBY MoldNYC’s Finances Are Sinking With Gaug

  • Mar 07, 2025

Canada’s Job Market Stalls After Months of Strong Gains

(Bloomberg) -- Canada’s job market unexpectedly took a breather after months of steady growth, but the unemployment rate held steady as fewer people looked for work.Most Read from BloombergTrump Administration Plans to Eliminate Dozens of Housing OfficesNJ College to Merge With State School After Financial StressRepublican Mayor Braces for Tariffs: ‘We Didn’t Budget for This’How Upzoning in Cambridge Broke the YIMBY MoldNYC’s Finances Are Sinking With Gauge Falling to 11-Year LowEmployment was v

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