Stocks close out choppy day after Trump calls for ousting Fed Chair Powell
New York
CNN
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US stocks were mixed Thursday as President Donald Trump touted trade deal progress with Europe and China and investors digested a threat from the president to fire Federal Reserve Chair Jerome Powell.
Stocks initially wavered Thursday morning after Trump called for Powell’s “termination” for not cutting interest rates fast enough — a criticism he has levied multiple times in a long-standing feud between the president and the Fed chair.
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Read MoreAI Heads to Washington
To help you understand the trends surrounding AI and other new technologies and what we expect to happen in the future, our highly experienced Kiplinger Letter team will keep you abreast of the latest developments and forecasts. (Get a free issue of The Kiplinger Letter or subscribe).
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Read MoreThese 15 Funds Were the Worst Performing of the Past Decade—Is One in Your Portfolio?
The past decade has seen one of the strongest bull markets in history, with the S&P 500 index posting a 10-year return of 182.9% through February 2025. Yet a select club of exchange-traded funds (ETFs) no one wants to join managed to defy a broadly rising market and destroy billions in shareholder value.
Read MoreTrump tariffs live updates: US moves to levy Chinese ships as Trump softens rhetoric
President Trump offered an update on negotiations with the US’s trading partners during the 90-day pause on his additional reciprocal tariffs.
“We’re doing very well with negotiations, I think, with all countries,” Trump said to reporters after meeting with Italian Prime Minister Giorgia Meloni on Thursday. “We have a lot of countries that want to make a deal.
Read MoreIf You Like Schwab's SCHD, You Can't Miss These Stocks With Even Higher Yields
Investing
The Schwab U.S. Dividend Equity ETF (NYSEARCA:SCHD) has a reputation for being the go-to choice for income-focused investors who want both quality and yield. The ETF offers a 4.14% dividend yield,
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Read MoreThe Burst
2 Stocks Buffett Is Snapping Up
Warren Buffett appeared to take a hard look at the market last year and decided he wanted to sell shares in plenty of companies, including Apple, Bank of America, and Charter Communications. His holding company, Berkshire Hathaway, even sold every share (nearly 4 million) in Floor & Decor Holdings. Overall, Buffett unloaded $133 billion in shares in 2024.
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Read MoreThe Ivy
This Under-the-Radar Pest Control Is Big Business
Pest control giant Rollins (NYSE:ROL) is the parent company of well-known brands that include Orkin and Waltham Pest Services. Through its network of subsidiaries and franchisees, Rollins offers pest control services throughout the United States, Canada, the UK and even Australia.
By building out its family of brands over time, Rollins has staked out a prominent position in a reliable,
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Read MoreThe Spotlight
If You Could Only Buy 1 High-Income Fund, What Would It Be?
Options trading is sometimes viewed as risky and that reputation is well-earned, especially when selling calls and puts naked. But when combined with stock ownership in the form of a covered call, it can be quite a conservative strategy.
Similar to the popular ETFs that track indexes like the S&P 500, a covered call ETF can be bought and sold like a stock,
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