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Stock Market

Why Tesla stock tumbled 28% in February

Jeremy Bowman  |  The Motley FoolTesla tumbles below $1 trillion valueFor the first time since November, Tesla is worth less than $1 trillion. The firm's stock tumbled 8% after new figures showed sales have slumped in Europe.After soaring following the election, Tesla (NASDAQ: TSLA) stock ran into a wall in February as a number of news items, macro challenges and CEO Elon Musk's involvement in the Department of Government Efficiency (DOGE) initiative all seemed to contribute to a sharp pullback in the stock.When the dust settled for February, the stock...
USA Property

Trump plans to slash fed bloat with massive 443-property fire sale across US

President Donald Trump is swinging the axe at government waste, eyeing a blockbuster sell-off of 443 federal properties spanning 47 states, DC and Puerto Rico. The move, aimed at gutting the bloated federal workforce and the pricey buildings they occupy, could dump nearly 80 million square feet of commercial space — 12 times the Pentagon’s footprint — onto the market. The General Services Administration (GSA) dropped the staggering list of “non-core” assets on Tuesday, spotlighting a haul that could save taxpayers a cool $430 million a year in upkeep costs,...
USA Property

DOGE claims real estate savings in Louisiana. Here’s how much and where

Highlights from Friday's game between Captain Shreve and CarencroHighlights from Friday's game between Captain Shreve and Carencro in the LHSAA Division I playoffsThe Department of Government Efficiency, led by Elon Musk, claims to have terminated 748 real estate leases throughout the U.S., totaling approximately 9,587,384 square feet and $660 million.Along with real estate terminations, DOGE has terminated 2,334 contracts and 3,489 grants. All leases, contracts and grants, as well as amounts DOGE has claimed to save, can be found on DOGE's "Wall of Receipts."DOGE claims to have saved a total...
USA Property

DOGE closes 13 federal offices in Mississippi, including Social Security

DOGE caucus looks to codify Trump's order to reduce federal workforceDOGE caucus members announced legislation to codify President Donald Trump's executive order to reduce the federal workforce.The Department of Government Efficiency (DOGE) has terminated 13 federal real estate contracts in Mississippi.DOGE claims to be saving taxpayers $3.6 million on the terminated contracts in Mississippi, but previous claims of savings have been inflated.The Department of Government Efficiency has reportedly terminated 13 federal real estate contracts in Mississippi,, including some federal offices according to the department's savings list.Last week, the DOGE Wall...
Currencies

Why crypto prices are on the rise as Donald Trump backs five coins for ‘crypto reserve’ | Business News

After talking about creating a “strategic reserve” of cryptocurrencies during his Presidential bid last year, Donald Trump has for the first time announced five virtual coins he plans to include in the American reserve stockpile – a move which has given a booster shot to the crypto trading market, helping it upend the downward trajectory it seemed to be headed on over concerns around Trump’s uncertain trade decisions.The market prices of the five coins he named – Bitcoin, Ethereum, XRP, Solana and Cardano – all swiftly jumped after the announcement....
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