The Daily

President Trump’s trade policies and aggressive rhetoric threatens to hurt the American tourism sector by discouraging foreign travelers from visiting the U.S., according to a recent analysis. 

The White House’s escalating trade war with Canada, China, Mexico and the European Union, combined with other factors, could weigh heavily on foreign tourism in the U.S.

 » Read more about: Trump trade wars could tank foreign tourism in the U.S., report finds  »

US Stock Market Update (March 19), Dow Jones, Fed Rate Decision: US equity benchmarks Dow Jones Industrial Avearge (DJIA), S&P 500 and Nadsaq Composite built on their intraday gains on Wednesday after the Federal Reserve maintained its existing benchmark interest rates citing “increased uncertainty”. The decision by the Federal Open Market Committee,

 » Read more about: With Fed Rate Suspense Out of Way, Dow jumps nearly 600 pts, Nasdaq comes within 100 pts of 18,000  »

 » Read more about: What is XIRR in mutual funds and how it works — Explained  »

 » Read more about: Fintech firm MyFi launches MyCash to offer instant loans against mutual funds  »

The Federal Reserve kept its benchmark interest rate unchanged Wednesday and signaled that it still expects to cut rates twice this year, though it said the outlook is more uncertain.

The Fed also now expects the economy to grow more slowly this year and next than it did three months ago,

 » Read more about: Ticker: Federal Reserve keeps interest rate unchanged; Purdue Pharma submits opioid lawsuit settlement plan  »

Tesla stock (TSLA) rebounded on Wednesday on news that the EV maker was one step closer to robotaxi ride-hailing in the state of California.

The California Public Utilities Commission (CPUC) said it approved Tesla’s application for a transportation charter-party carrier permit (TCP). Tesla’s “A” certificate allows for chartered and point-to-point hired trips,

 » Read more about: Tesla stock rebounds as California approves initial permit for ride-hailing  »

Major financial markets globally promoted sustainable investing in 2020, hoping to tap people who wish to support environmentally responsible companies. The TSX has sound choices if you want to contribute to a more sustainable future and earn healthy long-term returns.

The shift from fossil fuels to cleaner energy sources is happening and should accelerate due to climate concerns.

 » Read more about: Got 500? 1 Green Energy Stock to Buy and Hold Forever  »

 » Read more about: Cathie Wood Believes Most Memecoins Will Face 'Fearsome Declines,' But They Could End Up Becoming Collector's Items  »

 » Read more about: Has Cathie Wood Given Up On UiPath (PATH)?  »

We are in a different economic environment than the one the Federal Reserve thought we’d be in less than a year ago. Back in September, the Fed projected four interest rate cuts in 2025. Then in December, it changed rate cut projections to two.

On Wednesday,

 » Read more about: Interest rates could be static for a while, Fed signals  »