US President Donald Trump boards Air Force One at Joint Base Andrews, Maryland, on May 30, 2025. Saul Loeb | AFP | Getty ImagesPresident Donald Trump’s top economic advisers maintained confidence on Sunday that the “tariffs are not going away,” as a key tenet of Trump’s policy agenda hangs in legal limbo.”Rest assured, tariffs are not going away,” Commerce Secretary Howard Lutnick said on “Fox News Sunday,” days after a federal court ruled that Trump overstepped his authority when he imposed the sweeping duties.A federal appeals court later granted the Trump administration’s request to temporarily pause the ruling, giving the White House…
Author: usaeverydaylife
President Donald Trump ‘s tariff saga continues to add new twists and turns. In the week ahead, Wall Street should be braced for more of the same. These days, tariffs are just a fact of life for investors. And they defined the market again last week. Another fact that is increasingly harder to ignore: The market is showing the capacity to move on things other than just trade headlines. That was on display last week with Nvidia ‘s earnings providing a lift to the artificial intelligence cohort. Sure, when push comes to shove, the economic impact of Trump’s tariffs will…
T-studios2 | E+ | Getty ImagesSome Social Security beneficiaries may find their June check is smaller: Starting this month, a share of people’s benefits can be garnished if they’ve defaulted on their student loans.The Trump administration announced on April 21 that the U.S. Department of Education would resume collection activity on the country’s $1.6 trillion student loan portfolio. For nearly half a decade, the government did not go after those who’d fallen behind as part of Covid-era policies.More than 450,000 federal student loan borrowers age 62 and older are in default on their federal student loans and likely to be receiving Social…
White House economic adviser Kevin Hassett gives a TV interview outside of the White House in Washington, U.S., May 9, 2025. Leah Millis | ReutersNational Economic Council director Kevin Hassett suggested on Sunday that President Donald Trump and China’s President Xi Jinping could have a conversation about trade as soon as this week.Hassett said, however, that a specific date for a conversation between the two leaders has not been set.”President Trump, we expect, is going to have a wonderful conversation about the trade negotiations this week with President Xi, that’s our expectation,” Hassett said on ABC News’ “This Week.”He followed…
Speaker Mike Johnson, R-La., on Sunday defended cuts to Medicaid in the budget bill House Republicans passed last month from allegations that millions of Americans could lose their access to the program, saying that “4.8 million people will not lose their Medicaid unless they choose to do so.”Johnson told NBC News’ “Meet the Press” that the bill imposes “common sense” work requirements for some Medicaid recipients and added that he’s “not buying” the argument that the work requirements, which would require able-bodied Medicaid recipients to work, participate in job training programs or volunteer for 80 hours a month, are too “cumbersome.””You’re telling me that…
Investors always pay close attention to bonds, and what the latest movement in prices and yields is saying about the economy. Right now, the action is telling investors to stick to the shorter-end of the fixed-income market with their maturities.”There’s lots of concern and volatility, but on the short and middle end, we’re seeing less volatility and stable yields,” Joanna Gallegos, CEO and founder of bond ETF company BondBloxx, said on CNBC’s “ETF Edge.”The 3-month T-Bill right now is paying above 4.3%, annualized. The two-year is paying 3.9% while the 10-year is offering about 4.4%. ETF flows in 2025 show that it’s…
Smoke rises above the area following what local authorities called a drone attack on a military unit in the Sredny settlement, in the course of Russia-Ukraine conflict in the Usolsky district of the Irkutsk region, Russia, in this still image from a video published June 1, 2025. Governor Of Irkutsk Region | Via ReutersA Ukrainian drone attack has destroyed more than 40 Russian planes deep in Russia’s territory, a Ukrainian security official told The Associated Press on Sunday, while Russia pounded Ukraine with missiles and drones a day before the two sides meet for a new round of direct talks…
The question of “what do I wear to work?” has never been this hard to answer.The pandemic made it normal to wear pajamas and sweats while working from home, and casual dress followed workers as they returned to offices over the years.Naturally, corners of the internet have since lit up in debate over the appropriateness of crop tops, shorts and office sirens in the workplace.Social media, the internet and everyone you talk to will have a different idea of what appropriate workwear is. Your personal work style will also depend on the type of job you have, the company you…
Parents want their kids to trust them. They want to be the first person their child turns to with the big stuff, the hard stuff, and the exciting stuff. They want their kids to feel safe enough to ask questions and share emotions.But none of that happens automatically, and trust doesn’t come from simply saying, “You can talk to me.”Instead, you go first. Be open and honest. Show them how to navigate uncomfortable emotions and difficult situations. Model it.This sounds simple, but parents don’t always know how to put it into practice. Here are six things you can do every day…
A handful of stocks may be well positioned to benefit from rising Treasury yields, according to Bank of America. Both the benchmark 10-year and 30-year Treasury have climbed recently to reach worrisome milestones. The 10-year yield was last at about 4.43%, just shy of the key 4.5% level, and up from 4.01% in early April. The yield on the 30-year bond stands just under 5%, also a key level that’s drawn investor attention, and up from 4.41% when President Trump unveiled sharply higher tariffs on imported goods. The rise in Treasury yields largely reflects investor concern tied to the health…
