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Trump tariffs will hurt lower income Americans more than the rich, study says
Tariffs are expected to have more of a financial impact on poor households relative to consumers in the top 1%, according to a new study.Read More...
T. Rowe Price sees this established strategy as way to ride out market volatility
It appears T. Rowe Price is benefitting from the record growth in actively managed exchange traded funds.Read More...
China pledges to ramp up targeted support for businesses as U.S. trade war hits
China plans to help struggling businesses with targeted measures in the face of "increased external shocks," according to a readout of a high-level meeting.Read More...
Fed’s Hammack calls for patience in assessing what impacts tariffs will have on the economy
The Cleveland Fed president said Thursday she thinks policymakers need to be patient rather than pre-emptive.Read More...
China says no ongoing trade talks with the U.S., calls for canceling ‘unilateral’ tariffs
U.S. President Donald Trump and U.S. Treasury Secretary Scott Bessent this week indicated that there might be an easing in tensions with China.Read More...
British fintech Revolut tops $1 billion in profit as revenue jumps 72%
Digital banking unicorn Revolut said Thursday that net profit for the year ending Dec. 31, 2024, totaled £1.1 billion ($1.5 billion), up 149% year over year.Read More...
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