Americans are flocking to cash amid the market turmoil, with money market fund assets hitting a record $7.03 trillion as of the week ended Wednesday, according to the Investment Company Institute . Markets have been rocky of late as investors grapple with uncertainty around President Donald Trump’s tariffs and their impact on the economy. “Recent strong inflows may be a response to the spike in volatility in the financial markets we’ve seen lately,” said Shelly Antoniewicz, ICI chief economist. “With short-term interest rates still at elevated levels historically, money market funds — which pass earned interest on to their shareholders…
Author: usaeverydaylife
Investors could use some good news after this week’s selloff. Whether they get any in the week ahead remains to be seen. The past week’s slump was ugly. President Donald Trump’s tariffs on Canada, Mexico and China and rumblings of economic weakness alarmed investors who fear the market outlook has taken a turn for the worse. By Thursday’s close, the major averages were on track for the worst week of the year . At one point on Friday, the S & P 500 was seeing its largest weekly decline since June 2022 and the Dow Jones Industrial Average the biggest…
Apple CEO Tim Cook inspects the new iPhone 16 during an Apple special event at Apple headquarters on September 09, 2024 in Cupertino, California. Justin Sullivan | Getty ImagesWhen unveiling Apple Intelligence last summer, one of Apple’s flashiest demos showed the Siri voice assistant juggling several apps to help a user plan a lunch after landing from a flight. Those capabilities won’t be coming anytime soon. Apple on Friday announced that it is delaying the features that would supercharge Siri with the ability to take action inside other apps until next year. That feature was expected to be released this spring.Another Siri improvement…
For the last four years, The Athletic has polled some of the top soccer executives around the league for their thoughts and predictions ahead of a season. The answers have proved it’s no easy task to foresee what’s going to happen next in MLS.Last year, exactly zero of the 30 executives polled tipped the LA Galaxy to win MLS Cup. Only three backed Inter Miami to take the Supporters’ Shield.On the flip side of things, those same executives correctly picked that Thiago Almada and Caleb Wiley would be the next two MLS players to make big moves abroad. And nine…
Panama will release 112 migrants who had been deported from the United States last month and were being held in a remote jungle camp under conditions that lawyers and advocates said violated Panamanian and international laws.They come from countries that the United States cannot easily return deportees to, often because those nations will not receive them.Panama was issuing 30-day temporary humanitarian passes to the migrants, with a possible extension of up to 90 days, to give them time to arrange their return to their homelands or to other countries willing to take them, Panama’s Security Minister Frank Ábrego told reporters…
President Donald Trump on Thursday night officially established the widely anticipated U.S. strategic bitcoin reserve , fulfilling a major re-election campaign promise to the crypto industry. The market didn’t seem to care much, however. Cryptocurrencies have recovered most of their initial losses after a quick drop following the news. Bitcoin was hovering at $88,000, the same level at traded at before Trump signed the executive order. Ether and the Solana token inched slightly higher, while XRP and the coin tied to Cardano were lower. While many praised the executive order as being a good and reasonable approach, especially given how…
U.S. President Donald Trump delivers remarks in the Oval Office of the White House in Washington, D.C., U.S., March 7, 2025. Leah Millis | ReutersPresident Donald Trump is expected to sign an executive order later on Friday excluding certain student loan borrowers from the popular Public Service Loan Forgiveness program.Speaking from the Oval Office, Trump accused the PSLF program of including organizations that “engage in illegal, or what we would consider to be improper, activities.”PSLF, which President George W. Bush signed into law in 2007, allows many not-for-profit and government employees to have their federal student loans canceled after 10 years…
Students protest against the war in Gaza on the anniversary of the Hamas attack on Israel at Columbia University in New York, New York, on Monday, Oct. 7, 2024.Victor J. Blue | The Washington Post | Getty ImagesPresident Donald Trump’s administration has canceled grants and contracts totaling $400 million to Columbia University due to “inaction in the face of persistent harassment of Jewish students”, the Education Department said on Friday.Columbia was at the center of college protests in which demonstrators demanded an end to U.S. support for Israel due to the civilian deaths and humanitarian crisis caused by Israel’s assault on Gaza.There were…
The Bengals told Trey Hendrickson on Thursday that he could seek a trade. The All-Pro edge rusher’s camp will test the market to see what teams are willing to pay the 2024 runner-up for Defensive Player of the Year.His league-leading 17.5 sacks last year and 35 sacks over the past two seasons will entice every team looking to add juice to its pass rush. It will cost, though. Hendrickson, who turned 30 in December, is in the final year of his contract and currently owed $16 million. He’s seeking an extension closer to the top of the edge rusher market.…
US President Donald Trump speaks as he prepares to sign executive orders in the Oval Office of the White House in Washington, DC on March 6, 2025. Mandel Ngan | AFP | Getty ImagesWASHINGTON — After weeks of distancing the U.S. from Ukraine, President Donald Trump on Friday threatened to impose expanded “large scale” sanctions and tariffs on Russia until it reaches a peace agreement with Ukraine.”Based on the fact that Russia is absolutely ‘pounding’ Ukraine on the battlefield right now, I am strongly considering large scale Banking Sanctions, Sanctions, and Tariffs on Russia until a Cease Fire and FINAL SETTLEMENT AGREEMENT ON…
