[ad_1] To stay up to date with our ongoing coverage of the next surface transportation reauthorization bill, bookmark our Reauthorization page.Federal lawmakers have begun the process of passing our nation’s most important transportation bill — and advocates need to buckle up now for the long haul to make their voices heard.As of last week, both branches of Congress have held hearings about the next surface transportation reauthorization, which is a wonky name for a colossally important process: passing the next bill that will extend or create the vast majority of our federal transportation programs at ground level. That same bill…
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[ad_1] People standing in front of an electronic display showing the Hang Seng Index in the Central district of Hong Kong on July 26, 2021, after stocks plunged as tuition firms were hammered by China’s decision to reform the private education sector by preventing them from making profits.Isaac Lawrence | AFP | Getty ImagesAsia-Pacific markets fell on Wednesday as investors brace themselves for U.S. President Donald Trump’s country-specific tariffs that are set to come into effect midnight stateside.Australia’s S&P/ASX 200 slid 1.06%.Japan’s Nikkei 225 lost 3.14% at the open, while the Topix traded 3.26% lower. South Korea’s Kospi edged 0.18%…
[ad_1] By Cynthia Kim SEOUL (Reuters) – South Korea’s central bank may be forced to bring forward or deepen interest rate cuts this year as Asia’s fourth-largest economy grapples with the risk of recession due to the escalating U.S. trade war. Until recently, the Bank of Korea was expected to make two quarter-point cuts in the benchmark interest rate for the remainder of the year – one in the second quarter and another in the third. The global market meltdown and drastic changes to the outlook brought on by tariffs now mean the bank’s next cut could come as soon…
[ad_1] Washington, DC – March 12 : President Donald J Trump meets with Ireland’s Prime Minister Michael Martin in the Oval Office at the White House on Wednesday, March 12, 2025 in Washington, DC. Jabin Botsford | The Washington Post | Getty ImagesStock futures fell on Tuesday, as investors braced for the rollout of President Donald Trump’s tariffs set to take effect shortly after midnight Wednesday. The S&P 500 was inches away from a bear market, under pressure in recent days from the worst selling since the outbreak of the pandemic in 2020.Futures tied to the Dow Jones Industrial Average dropped 396…
[ad_1] More young adults are investing in the stock market during this period of extreme volatility, underscoring the need for a basic understanding of personal finance. Many studies show a strong correlation between financial literacy and financial success. Now 27 states require public high school students to take a personal finance course before graduating. There’s a new generation of young investors on the scene just as a financial contagion is spreading. “It’s very easy to see what’s happening in the market and say, ‘I got to get out,'” said Tim Ranzetta, co-founder and CEO of Next Gen Personal Finance, a nonprofit focused…
[ad_1] In response to the tariff war initiated by U.S. President Donald Trump, China quickly implemented countermeasures by imposing a 34% tariff on U.S.-origin [ad_2] Source link
[ad_1] President Donald Trump’s tariffs are likely to spur inflation before they slow growth, keeping the Federal Reserve on the sidelines for the rest of 2025, according to Morgan Stanley’s updated forecast Tuesday. With Trump’s reciprocal tariffs against dozens of U.S. trading partners due to hit Wednesday, the Wall Street investment bank sees gross domestic product growth coming to a near standstill and core inflation ending the year well above the central bank’s 2% target. That means, absent a recession, the Fed likely will continue its holding pattern on interest rates, Morgan Stanley said. “Since tariffs firm inflation now and…
[ad_1] Several readers have asked us how to invest as the market reacts to the US tariffs. Regular readers would know what our stance is. The following is for those new here.The short answer is that your investment strategy should be independent of “current market conditions” or events. If it is dependent, you need to act now, or the fate of your hard-earned money rests on luck. Surely you respect your money better than that!Every time an equity investor (MF or direct equity investor) wants to (publically) pull out of the market, there is a chorus that goes “stay invested”…
[ad_1] It’s been one of the most chaotic stretches for US markets in recent memory. And the massive surge in long-term Treasury yields has served as yet another example of the bizarre trading action in the aftermath of Trump’s tariff-fueled “Liberation Day.” The 10-year yield (^TNX) jumped 17 basis points to kick off the week, a massive 34 basis point swing from a low of 3.87% to a high of 4.21%. The yield extended those gains on Tuesday, climbing as much as 10 basis points to hover at around 4.25%. Similarly, the 30-year yield (^TYX) jumped another 12 basis points…
[ad_1] The European Union (EU) is considering a new plan to help meet its 2040 climate goal. According to sources, the European Commission may allow countries to use international carbon credits under Article 6 of the Paris Agreement. This would be a big change from the EU’s current rule, which says climate targets must be met using domestic actions only. Countdown to 2040: Can the EU Hit Its Green Target in Time? The European Commission has proposed a target to cut EU greenhouse gas emissions by 90% by 2040 compared to 1990 levels. This goal is part of the EU’s…