Market

President Trump plans to impose trade penalties against Canada, Mexico, and China, risking higher inflation and disruptions to the global economy. Trump believes tariffs will help the US reshape the world, but financial markets have reacted negatively and economists warn of higher prices. Canada, Mexico, and China are considering retaliatory measures, and Democrats are sponsoring legislation to limit Trump's tariff authority.

Published on: February 01, 2025, 03:00 PM UTC

Compare money market account rates today and ensure you're earning the highest possible returns. Discover the national average and top rates available, including accounts offering over 4% APY.

Published on: February 01, 2025, 02:00 PM UTC

Rare Brexit 50p coins featuring wrong exit date discovered, sparking excitement among collectors. One expert calls it "numismatic Golden Ticket," with potential value of tens of thousands of pounds.

Published on: February 01, 2025, 02:00 PM UTC

The American Dream of homeownership is becoming increasingly unattainable as rising mortgage rates and home prices push the median homeowner's income spending on housing to a near-historic 42%. First-time homebuyers are getting older, with the median age now at 38, and many are opting to rent instead of buying due to affordability concerns. Experts cite a shortage of homes on the market and stagnant wage growth as the primary drivers of this trend, leaving many Americans locked out of homeownership and its potential for equity and wealth building.

Published on: February 01, 2025, 02:00 PM UTC

Ukraine's drone attacks target Russian oil refineries, raising concerns about fuel production

Published on: February 01, 2025, 01:01 PM UTC

Compare the best money market account rates today to earn more on your savings. The national average rate is 0.64%, but top accounts offer over 4% APY.

Published on: February 01, 2025, 01:01 PM UTC

US stocks plunged on Friday as the White House declared tariffs on Mexico, Canada, and China would go into effect on Saturday, fueling fears of an impending trade conflict with the country's closest trading partners.

Published on: February 01, 2025, 01:01 PM UTC

Apple earnings top estimates, easing concerns about iPhone sales in China. Analysts raise price targets and maintain Buy ratings, citing strong demand and AI potential.

Published on: February 01, 2025, 01:01 PM UTC

Core PCE inflation remained steady in December, reinforcing the Fed's wait-and-see approach to interest rates. The Fed gauges progress against its inflation target and weighs impact of Trump administration economic policies.

Published on: February 01, 2025, 01:00 PM UTC

Job growth in the US is expected to slow down in January, with the economy likely adding around 150,000 jobs, according to economists. This would continue the streak of job creation that began in January 2021. Despite the slowdown, the job market remains resilient, with employers avoiding layoffs. The trajectory of the job market in the coming months could depend on the economic policies of President Donald Trump, with tariffs potentially derailing further growth.

Published on: February 01, 2025, 01:00 PM UTC