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Top federal agency takes DOGE’s mission to heart with all-hands memo to every employee: ‘Reduction in force’

As the Trump administration’s DOGE efforts continue to have an impact across government agencies, over 12,000 employees at the General Services Administration are being notified in an agency-wide email Monday evening that a ‘reduction in force’ is underway. In the memo from acting GSA administrator Stephen Ehikian, according to a draft obtained by Fox News Digital, the agency thanked those employees who decided to be part of the ‘first step’ of staff reduction on Friday...

‘Overwhelmingly popular’: Elon Musk touts Americans’ DOGE support

Elon Musk is taking his Department of Government Efficiency (DOGE) for a victory lap, touting a new poll that suggests massive support for the Trump administration initiative. The Harvard CAPS-Harris poll revealed a majority of Americans support reducing wasteful government spending. Most voters agree there should be a government agency dedicated to efficiency and that DOGE is helping to make major spending cuts, the nonprobability-based poll found.  ‘Polls show that @DOGE is overwhelmingly POPULAR and...

Trump rescinds Biden order protecting gender clinics from investigation, signals new whistleblower protections

The Trump administration is rescinding a Biden-era directive protecting hospitals from investigations and signaled that beefed-up protections for medical whistleblowers would be forthcoming. The Health and Human Services Department (HHS) announced Friday it would be rescinding an executive order issued by former President Joe Biden in March 2022, which, among other things, gave hospitals the right not to comply with state-level investigations related to their provision of transgender medical treatments to minors. Trump’s directive eliminates these...

Trump tax cut plan hits turbulence ahead of House vote as Republicans split

A massive piece of legislation that House Republicans hope will advance a broad swath of President Donald Trump’s agenda is facing its final hurdle on Monday before a chamber-wide vote. The House Rules Committee, the final gatekeepers for most bills before a House floor vote, is meeting to debate a measure that GOP leaders want to have on Trump’s desk by sometime in May. The bill aims to increase spending on border security, the judiciary...

Trump meets France’s Macron at White House, says ‘lot of progress’ made toward ending war in Ukraine

President Donald Trump said ‘a lot of progress has been made’ toward ending the war in Ukraine after French President Emmanuel Macron joined him at the White House for a call with Group of Seven (G7) leaders. Macron, who called for an emergency gathering of world leaders after the Trump administration excluded Europe from sitting at the negotiating table to settle the war between Ukraine and Russia, is in Washington, D.C., Monday to meet with...

Trump teases meeting with Zelenskyy amid US’ ‘serious discussions’ with Putin to end Russia-Ukraine war

President Donald Trump teased a possible meeting with Ukrainian President Volodymyr Zelenskyy Monday, amid what he called his ‘serious discussions’ with Russian President Vladimir Putin — which could involve European peacekeeping troops — about ending the war between Russia and Ukraine. The president, from the Oval Office Monday, hinted at a potential meeting with Zelenskyy to finalize an agreement for rights to access its natural resources in exchange for the United States’ billions of dollars...

Irish leaders boycott Washington St Patrick’s Day events over Trump’s Gaza comments

Irish leaders will skip St. Patrick’s Day celebrations in the U.S. this year to protest President Donald Trump calling for the displacement of Palestinians from Gaza. St. Patrick’s Day celebrations are an opportunity for Irish leaders to reinforce diplomatic relations abroad, particularly in the U.S., where the annual trip to Washington, D.C., commemorates the historic and cultural ties between the countries. This year, the Irish prime minister, known as Taoiseach, Micheál Martin, will represent Ireland...

BMW delays electric Mini production at Oxford, over ‘multiple uncertainties’

BMW has confirmed a delay to the reintroduction of electric vehicle (EV) production at its iconic Mini plant in Oxford, blaming a confluence of factors shaping the beleaguered automotive sector. The German carmaker said the decision includes pausing a £600m upgrade of the facility and declining a £60m grant offer from the government, although it maintained that close discussions with Westminster continue. The UK industry has been grappling with ambitious EV targets mandated by the...

AMZN: A Case Study in Bearish Divergence

In the later stages of a bull market cycle, we will often observe a proliferation of bearish momentum divergences.  As prices continue higher, the momentum underneath the advance begins to wane, representing an exhaustion of buyers.   We’ve identified a series of bearish momentum divergences in the early days of 2025, from Magnificent 7 names like Alphabet (GOOGL) to financial institutions including Synchrony Financial (SYF).  Today we’ll focus in on the bearish momentum divergence for Amazon.com...

DP Trading Room: Defensive Sectors Lead the Pack

The complexion of the market is changing. Aggressive sectors which have led the market higher are now beginning to show signs of strain as momentum slowly dissipates and prices turn lower. However, defensive sectors (XLP, XLRE, XLV and XLU) are now leading the market. Typically when this occurs the market is at a top. Given the look of the SPY, we could very well have hit a major market top. Carl started off the trading...