What I read this week...
Bill Ackman bets on a modern-day Berkshire, IRS layoffs shake up tax season, a ‘DOGE’ scandal hits federal workers, CEO confidence soars, and the Fed signals a slowing labor market.
Bill Ackman Aims to Turn Howard Hughes Holdings Into a Modern-Day Berkshire Hathaway (Yahoo Finance)
Activist investor Bill Ackman outlines plans to reshape Howard Hughes Holdings into a diversified conglomerate, taking inspiration from Warren Buffett’s Berkshire Hathaway. The move focuses on leveraging real estate assets as the backbone for broader investments and expansion.
IRS Workers Fired as Tax Season Looms (WSJ)
Several IRS employees were unexpectedly let go right before the busy filing season, prompting concerns about the agency’s capacity to handle taxpayer needs. The article explores potential reasons for the dismissals and their impact on overall tax administration.
Federal Government Workers Face Layoffs Over ‘Doge’ Controversy (AP)
A group of federal employees lost their jobs following allegations tied to dogecoin transactions, highlighting ethical and compliance issues within public service. The piece underscores the growing scrutiny of digital-currency involvement among government personnel.
CEO Confidence Hits 3-Year High Amid Optimism on Labor Market, Economy (Yahoo Finance)
Business leaders are showing renewed optimism, with CEO confidence reaching its highest level in three years. Key drivers include positive labor market trends and a generally upbeat economic outlook, fueling hiring plans and investment decisions.
Fed’s Bostic Warns of Growing Signs That Labor Market Is Slowing (MarketWatch)
Atlanta Fed President Raphael Bostic points to emerging indicators that the labor market may be losing momentum. The article examines how factors like wage growth and inflation could shape future monetary policy decisions.
What a weird and wonderful world,
Quick PSA
On a different note, I wanted to share something personal with you all. This year, I’m running the Chicago Marathon on behalf of the American Cancer Society. Cancer has impacted so many lives, including my own, and I’m honored to be running in support of research, treatment, and patient care.
If you’ve enjoyed this newsletter and want to support a great cause, I would truly appreciate any donation toward my fundraising goal. Every contribution, big or small, makes a difference.
Thank you for your support—it means the world to me!