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2025-03-28T14:22:35Z
» Read more about: The stock market is flirting with a dangerous technical level »
Personal Finance
A Reddit user is considering taking money out of his 401(k) to pay off debt.
Raiding a 401(k) comes with big penalties and a loss of compound interest.
A MAD scramble is underway to secure a trade deal with the US before punishing tariffs are triggered — pouring more misery on the flatlining economy.
Fears are growing in Whitehall that a pact may not be struck before Donald Trump’s “Liberation Day” kicks in next week.
Wall Street is bracing for a tough vehicle-delivery report from Tesla next week.
Analysts have been eyeing the potential for first-quarter delivery figures to be weak for some time as sales data sours and as the brand has become the focal point of political debate in the early months of the Trump presidency.
» Read more about: Wall Street is bracing for a grim first-quarter delivery report from Tesla »
By STAN CHOE, AP Business Writer
NEW YORK (AP) — Another wipeout walloped Wall Street Friday. Worries are building about a potentially toxic mix of worsening inflation and a U.S. economy slowing because of households afraid to spend due to the global trade war.
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NEW YORK (AP) — Another wipeout walloped Wall Street Friday. Worries are building about a potentially toxic mix of worsening inflation and a U.S. economy slowing because of households afraid to spend due to the global trade war.
The S&P 500 dropped 2% for one of its worst days in the last two years.
» Read more about: Wall Street tumbles and S&P 500 drops 2% »
» Read more about: CoreWeave Stock Finishes First Trading Session at IPO Price »
The recent market decline has prompted another Wall Street strategist to revise its S&P 500 forecast lower for 2025.
On Friday, UBS Global Wealth Management head of US equities David Lefkowitz predicted earnings would come in weaker than previously expected, prompting a trim to the firm’s year-end price target to 6,400 from 6,600 on the broad-based index.
Stocks got hammered, bonds climbed and gold hit a record high, following signs of weakness in the main engine of the US economy and worries that inflation could gain further traction amid a trade war.
With just one more session left before the end of a quarter that’s set to be the S&P 500’s worst since 2022,
» Read more about: S&P 500 sinks 2% as economic fears spur bond rally »
Tesla (TSLA -3.42%) shares have been on the rebound after a horrible start to the year. There has been a plethora of crosswinds for the company and its shares. One Wall Street analyst now thinks investors have a great opportunity for solid returns from recent levels.
» Read more about: 1 Wall Street Analyst Thinks Tesla Stock Is Going to $404. Is It a Buy? »