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Hedge Fund Boss Ken Griffin Warns of 'Huge Mistake' With Trump's New Tariff Policy

Hedge fund billionaire Ken Griffin warns that Trump's tariff policies are a "huge mistake" and an "impediment" to economic growth. He says the uncertainty and chaos created by the tariffs makes it difficult for multinationals to plan for the future. Griffin's comments are notable because of his standing on Wall Street and within GOP circles as a big donor to Republican political campaigns.

US Stocks Mixed as Markets Assess Tariffs and Await Inflation Data

US stocks closed mixed after President Trump's tariff policy shifts and ahead of inflation data. The Dow rose 0.3%, while the S&P 500 was flat and the Nasdaq Composite fell 0.4%. Investors are awaiting Jerome Powell's testimony on interest rates and inflation, and are also concerned about the potential impact of tariffs on trade partners and the global economy. Gold surged as a safe haven asset, hitting an all-time high amid uncertainty.

Fed's Williams Says Rates Should Bring Inflation Back to Target

The New York Fed President, John Williams, says that current interest rates should help bring inflation back to the central bank's 2% target.

CBA Posts Solid Half-Year Earnings on Lending Growth, Lower Loan Impairment

Commonwealth Bank of Australia reports better-than-expected first-half cash earnings, driven by volume growth in home lending and deposits, and a lower loan impairment expense.

Humana (HUM) Shares Plummet 8.2% on Mixed Q4 Results

Humana (HUM) shares have plummeted 8.2% on mixed Q4 results. Despite beating sales expectations, earnings and EBITDA missed estimates. Declining customer count weighed on the growth outlook. Is Humana a buy now after the drop?

Elon Musk's $97.4B Bid for OpenAI: Stalling Non-Profit Conversion and Raising Asset Value

Elon Musk offers $97.4 billion to buy OpenAI, the nonprofit governing the popular AI research lab. OpenAI CEO Sam Altman dismisses the offer, but experts say it could complicate OpenAI's plans to convert to a for-profit company. Musk's bid raises the potential market value of OpenAI's assets and could force the company to raise more capital, diluting the value of existing investors' stakes.

US Stocks Trade Mixed as Investors Assess Tariffs and Inflation Outlook

US stocks traded mixed Tuesday, with Dow Jones Industrial Average higher, S&P 500 flat, and Nasdaq Composite lower. Investors digested Trump's tariff announcements and awaited Jerome Powell's testimony. Coca-Cola shares rose after earnings beat, while Shopify stock rebounded from losses. Gold surged on tariff threats, while Powell emphasized Fed independence and played down recession concerns.

Gold Surges to Record High Amid Tariff Threats, Analysts See More Upside

Gold prices pulled back slightly on Tuesday after a rapid 10% run year-to-date. Analysts see more upside for gold given recent tariff announcements and the threat of an escalating trade war.

Financial Housekeeping Tasks That Are Worth Doing Now

Financial tasks that can be easily overlooked but are important to stay on top of, including contributing to IRAs, converting 'backdoor' contributions to Roth, investing health savings account assets, and keeping beneficiary designations up to date.

US Tariffs: Reciprocal Duties Plan Under Scrutiny

Trump's focus on reciprocal tariffs could shake up global trade, with major implications for countries with high average tariffs like India and Brazil. Trump's plans, set to be announced this week, may involve lowering US tariffs on certain goods to match those of other countries, while raising tariffs on others to impose reciprocity.