Personal finance
Here’s the inflation breakdown for April 2025 — in one chart
Key Points The consumer price index declined to 2.3% in April from 12 months earlier, the lowest reading since February 2021. However, tariffs levied by President Donald Trump are expected to re-ignite inflation as soon as next month, according to economists. Prices declined for categories like gasoline, groceries, apparel, used cars and airline fares during […]
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Fintechs that raked in profits from high interest rates now face a key test
Key Points In 2024, several fintechs — including Robinhood, Revolut and Monzo — saw a boost to their bottom lines from higher interest rates. Now, they face a key test as a broad decline in interest rates raises doubts about the sustainability of relying on this heightened income over the long term. Lindsey Naylor, partner […]
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After UK and China trade deals, tariff rate still highest since 1934, Yale report says
Key Points The average effective tariff rate on imports is 17.8%, the highest since 1934, even after trade deals reached with China and the U.K. in recent days, according to the Yale Budget Lab. Levies that President Trump placed on other products and countries still remain, including a 10% tariff on almost all trading partners. […]
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With foreign tourists boycotting the U.S., businesses brace for falling sales
Key Points International tourists are skipping trips to the U.S. amid tensions tied to trade, immigration and territory. Many businesses that rely on foot traffic from overseas visitors are already seeing a financial hit, even before heading into peak travel season. New York, Miami, Los Angeles, Orlando, San Francisco and Las Vegas are examples of […]
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It’s a ‘low firing, low hiring’ job market, economist says: Here’s how to land a new gig anyway
Key Points The U.S. job market is strong, characterized by low unemployment and layoffs. However, companies are hiring at their slowest pace since 2014. Career and job experts provide top ways to stand out in the current labor market. Source
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Airfare, produce and TVs: Which prices are falling for consumers
Key Points Consumers are seeing prices fall in certain pockets of the U.S. economy, even as the overall inflation rate remains elevated. Airline fares, produce, consumer electronics and energy are among the broad categories seeing declines, according to the consumer price index. President Donald Trump said Friday that gasoline prices had dipped to $1.98 per […]
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This is what typically happens to stocks after periods of high volatility
Key Points The S&P 500 have tended to experience significant gains in the year following periods of high volatility as measured by the VIX, Wall Street’s fear gauge, a new analysis shows. Volatility creates a “potential opportunity,” Edward Lee, an investment strategy analyst at the Wells Fargo Investment Institute, wrote in an analysis. Source
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More Americans are financing groceries with buy now, pay later loans — and more are paying those bills late, survey says
Key Points A Lending Tree survey found 25% of buy now, pay later users are funding grocery purchases with the loans, up from 14% in 2024. The survey said 41% of respondents said they made a late payment on a BNPL loan in the past year, up from 34% in the year prior. The figures […]
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Trump tariffs will hurt lower income Americans more than the rich, study says
Key Points Tariffs imposed by President Donald Trump are expected to raise costs on products for U.S. consumers. However, tariffs would hurt lower income households with a minimal impact on the top one percent of earners in 2026, according to an analysis by the Institute on Taxation and Economic Policy. Source
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Trump tariffs will hurt lower income Americans more than the rich, study says
Key Points Tariffs imposed by President Donald Trump are expected to raise costs on products for U.S. consumers. However, tariffs would hurt lower income households with a minimal impact on the top one percent of earners in 2026, according to an analysis by the Institute on Taxation and Economic Policy. Source
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