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Trump Efficiency Co-Chief Elon Musk Calls Fed ‘Overstaffed’

(Bloomberg) -- Elon Musk, the billionaire tasked with making the US government more efficient come January, has zeroed in on the Federal Reserve.Most Read from BloombergHo Chi Minh City Opens First Metro Line After Years of DelayThe Architects Who Built MiamiReviving a Little-Known Modernist Landmark in BuffaloNew York’s Congestion Pricing Plan Still Faces Legal HurdlesNew York City’s Historic Preservation Movement Is Having a Midlife CrisisThe central bank in charge of protecting the world’s la

An analyst looks ahead to how the US economy might fare under Trump

President-elect Donald Trump won a return to the White House in part by promising big changes in economic policy — more tax cuts, huge tariffs on imports, mass deportations of immigrants working in the United States illegally. In some ways, his victory marked a repudiation of President Joe Biden’s economic stewardship and a protest against inflation. It came despite low unemployment and steady growth under the Biden administration.

EXCLUSIVE: La Rosa Adds Bitcoin and Crypto Payment Options For Network Agents

On Monday, La Rosa Holdings Corp (NASDAQ: LRHC) announced it will offer Bitcoin (CRYPTO: BTC/USD) and other cryptocurrencies as a payment option for its network of agents. This initiative allows agents to receive certain payments in digital assets, marking a progressive step toward integrating blockchain technology into real estate transactions. The plan addresses the growing demand for alternative payment methods among agents and clients. Also Read: Taiwan Semiconductor Expands in Japan: Sony a

MicroStrategy Buys More Bitcoin for Seventh Consecutive Week

(Bloomberg) -- MicroStrategy Inc., which is set to enter the Nasdaq 100 Index on Monday, announced it had purchased an additional $561 million of Bitcoin at an average price near last week’s record high. Most Read from BloombergHo Chi Minh City Opens First Metro Line After Years of DelayThe Architects Who Built MiamiReviving a Little-Known Modernist Landmark in BuffaloNew York’s Congestion Pricing Plan Still Faces Legal HurdlesNew York City’s Historic Preservation Movement Is Having a Midlife Cr

Oil prices stable on Monday as data offsets surplus concerns

LONDON (Reuters) -Oil prices stabilised on Monday after losses last week as lower-than-expected U.S. inflation data offset investors' concerns about a supply surplus next year. Brent crude futures were down by 38 cents, or 0.52%, to $72.56 a barrel by 1300 GMT. Oil prices rose in early trading after data on Friday that showed cooling U.S. inflation helped alleviate investors' concerns after the Federal Reserve interest rate cut last week, IG markets analyst Tony Sycamore said.