How’s this for a somber retirement forecast: The typical American worker has less than $1,000 saved for retirement, according to a new report from the National Institute on Retirement Security (NIRS). “The data are clear: Outside of high earners, Americans are choosing survival over savings and hoping to catch up later,” NIRS executive director Dan […]
Investing.com – The U.S. trade landscape was upended on Friday after the Supreme Court ruled the Trump administration’s IEEPA-backed tariffs illegal. The decision effectively eliminates nearly half of the current tariff regime, including reciprocal levies on Canada, Mexico, and China, sparking a complex reaction across equity and bond markets. While the ruling provides an immediate reprieve […]
The US economy grew at a slower pace than expected in the fourth quarter of 2025. New data from the Bureau of Economic Analysis published on Friday showed the economy grew at an annualized rate of 1.4% in the final three months of 2025. Economists had expected GDP to grow at an annualized rate of […]
The US Supreme Court will convene Friday at 10 a.m. ET for the first time in weeks, with markets keyed in on a possible decision around tariffs. A decision in the case, Learning Resources, Inc. v. Trump, will have significant ramifications for US trade, ranging from President Trump’s “Liberation Day” tariffs that have spanned the […]
The Trump administration is disputing a new paper from the New York Federal Reserve asserting that US consumers and businesses are bearing the bulk of the higher costs from tariffs imposed last year. “The paper is an embarrassment,” National Economic Council Director Kevin Hassett told CNBC on Wednesday. “I think it’s the worst paper I’ve […]
Several Federal Reserve officials anticipate further interest rate cuts if inflation were to drop, while others see holding rates for “some time,” according to minutes of the central bank’s January policy meeting released Wednesday. “Several commented that further downward adjustments to the target range for the federal funds rate would likely be appropriate if inflation […]
Nvidia (NVDA) and Meta (META) announced an expanded multiyear, multi-generational partnership that will see Nvidia provide the social media giant with millions of its Blackwell and Rubin GPUs [graphics processing units], as well as its CPUs [central processing units] and networking offerings. The plan calls for Meta to use the products within its data centers […]
The Trump administration is throwing its support behind the prediction market operators Kalshi and Polymarket in a critical legal battle between the growing prediction market industry and states that wish to ban these platforms. The move by Michael Selig, the recently appointed chairman of the Commodity Futures Trading Commission, could have enormous implications for how […]
Deep in South Africa’s wine country near the town of Robertson, past rows of tin shacks and up a gravel road where barefoot children play, sits a little piece of Russia. The apricot-hued building with its curved dome proclaims its affiliation with the Moscow Patriarchate of the Russian Orthodox Church on a sign in Afrikaans. […]
President Donald Trump said that he’s discussing future weapons sales to Taiwan with Chinese President Xi Jinping and teased that he would soon make a decision about future defense support for the self-governing island. “I’m talking to him about it. We had a good conversation, and we’ll make a determination pretty soon,” Trump told reporters […]
Gold dipped below $5,000 an ounce, as traders booked profits after a gain in the previous session spurred by mild US inflation data. Bullion fell as much as 1.5%, having climbed 2.4% on Friday, when a modest rise in the US consumer price index for January allayed concerns about a bigger jump. This boosted the […]
US supplies of gasoline are being shipped out of the country to travel thousands of miles via the Bahamas before finally ending up in California, a state battling shrinking fuelmaking capacity and high pump prices. Shipments on the circuitous route are increasing. California imported more gasoline in November than ever before, with more than 40% […]
