Wall Street economists are tweaking their GDP growth estimates as new data trickles in, with Trump’s tariff whipsaw still firmly in the background.
The Atlanta Fed’s GDPNow tool, which uses already released data to forecast the quarterly pace of economic growth, now projects that GDP fell by 2.2% in the first three months of the year,
3.15K Followers
Ironman is the alias of the blogger at Political Calculations, a site that develops, applies and presents both established and cutting edge theory to the topics of investing,
» Read more about: The Outlook For S&P 500 Dividends In April 2025 »
The Dow Jones 30 has gone back and forth during the trading session on Wednesday with the 40,100 level continuing to offer a bit of support. The Dow Jones 30 of course is an interesting place to trade with tariff talks because there are a lot of companies in the US that would more likely than not be more primed to take advantage of a tariff situation.
Having financial flexibility in retirement — especially in being able to maximize your spending while minimizing your taxes — is an optimal situation.
And it’s one you can arrange by keeping at least some of your retirement savings in a tax-free account.
Vesting is a very important concept for people who are planning for retirement, especially those who have employer-sponsored retirement plans or pensions.
Here’s a quick rundown of what vesting means and why it could matter to your retirement savings.
Image source: Getty Images.
» Read more about: What Does Vesting Mean for Retirement Planning? »
The market is likely to monitor Powell’s speech during a time of economic uncertainty amid President Donald Trump’s worldwide tariffs. It is his first public event since U.S. Treasury bonds took a hit following Trump’s tariff announcement.
Treasury Secretary Scott Bessent announced Monday that the White House will begin interviewing applicants later this year to replace Powell when his tenure ends in May 2026.
April 2 (UPI) — Stock shares in Tesla jumped Wednesday after reports suggesting Elon Musk could leave the White House and his Department of Government Efficiency role.
Tesla stock was up about 5% at one point during the day amid the reports that the White House called “garbage.”
» Read more about: Tesla stock jumps after reports Elon Musk may exit DOGE »
Semiconductor giant Nvidia is facing unexpected new U.S. export controls on its H20 chips.
In a filing Tuesday, Nvidia said it was informed by the U.S. government that it will need a license to export its H20 AI chips to China. This license will be required indefinitely, according to the filing — the U.S.
» Read more about: Nvidia H20 chip exports hit with license requirement by US government »
Stocks sank Wednesday after computer chipmaker Nvidia announced it was recording a $5.5 billion charge to comply with a new Trump administration rule on tech-related exports.
Shares of Nvidia lost 7%, causing the tech-heavy Nasdaq to fall as much as 2%. The broad-based S&P 500 declined as much 1.2%.