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US homebuilders working on plan to develop as many as 1 million ‘Trump Homes,’ Bloomberg News reports
Feb 3 (Reuters) – Homebuilders are working on a proposal to develop nearly a million “Trump Homes” that would address the U.S. affordability crisis, Bloomberg News reported on Tuesday. This calls for builders to sell entry-level homes into a pathway-to-ownership program allowing private capital funding of billions of dollars, Bloomberg News reported, citing sources familiar [&hel[...]
Bitcoin tumbles below $70,000, wiping out gains since Trump 2024 win
Bitcoin slid below $70,000 as investors worried a more hawkish Fed under Kevin Warsh could drain liquidity from crypto.
US weekly jobless claims increase more than expected
Weekly U.S. jobless claims rose more than expected, likely driven by snowstorms, while the labor market remained stable.
US Senator Scott, facing block on Fed chair nominee, says Powell is not a criminal
Sen. Tim Scott said Fed Chair Jerome Powell did not break the law, pushing back on a DOJ probe tied to Fed testimony.
Wall Street ends down as AI worries slam tech stocks
U.S. stocks fell as investors questioned lofty AI valuations, dragging down chip and software stocks including AMD.
US private payrolls increase modestly in January amid manufacturing job losses
U.S. private payroll growth slowed sharply in January, with job losses in professional services and manufacturing offsetting gains in education, health care and construction, according to ADP.
Senators push $70 billion funding deal to support Trump’s critical minerals push, FT reports
Lawmakers move to add $70B to the Export-Import Bank to back Trump’s push to secure U.S. critical minerals supplies.
Wall Street ends sharply down as traders fret about AI disruption
Wall Street fell as AI competition worries sent software stocks lower ahead of earnings from Alphabet, Amazon and others.
Western Digital adds $4 billion to buyback plan as AI boosts memory chip sales
Feb 3 (Reuters) – Western Digital said on Tuesday its board has approved $4 billion more for share repurchases, as demand for its memory chips used in artificial intelligence servers surges. Its shares rose about 5% in premarket trading, adding to a 57% jump this year. The shares had more than tripled in value last […]
Space stocks jump after Musk’s SpaceX-xAI merger
U.S. space stocks rose after Elon Musk announced a SpaceX-xAI merger, betting on AI infrastructure and computing in space.
