U.S. Federal Reserve Chair Jerome Powell and U.S. President Donald Trump. Craig Hudson | Evelyn Hockstein | Reuters Now that President Donald Trump has set out his landmark tariff plans, the Federal Reserve finds itself in a potential policy box, having to choose between fighting inflation, boosting growth — or simply avoiding the fray and […]

Key Takeaways The S&P 500 plunged 4.8% on Thursday, April 3, 2025, a day after the Trump administration imposed expansive tariffs on imports from countries across the world. Dell Technologies shares dropped as the tariff announcement raised concerns about increased costs. Other computer-hardware makers were hit hard, too. Shares of potato provider Lamb Weston provided

A trader is comforted by a coworker as they work on the floor of the New York Stock Exchange, March 1, 2018. Eduardo Munoz Alvarez / Getty Images The Magnificent Seven stocks collectively lost more than $1 trillion in Thursday trading, a stunning milestone that underscores how President Donald Trump’s tariff rollout crippled financial markets.

An eventful week capped off by President Trump announcing 10% tariffs on all imports saw mortgage interest rates react with a yawn. The average rate on the 30-year fixed-rate mortgage dropped one basis point to 6.76% the week ending Apr. 3, according to rates provided to NerdWallet by Zillow. A basis point is one one-hundredth

The Stellantis Windsor Assembly Plant is shown on April 1, 2025 in Windsor, Canada.  Bill Pugliano | Getty Images DETROIT — Stellantis is pausing production at two assembly plants in Canada and Mexico as the company attempts to navigate President Donald Trump’s new round of 25% automotive tariffs, the company confirmed Thursday. The actions are

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A trader works on the floor of the New York Stock Exchange (NYSE) at the opening bell in New York City, on April 3, 2025. Charly Triballeau | Afp | Getty Images Small-cap stocks, which were once thought to be primary beneficiaries of President Donald Trump’s policies, entered bear market territory on Thursday after a

One of the biggest trends driving the stock market over the last two years is artificial intelligence. Advancements in AI have the potential to change just about every industry in the world, and the technology is changing rapidly as big tech companies pour hundreds of billions of dollars into it. Investors’ optimism about the possibilities

Reading a book or a newspaper might not seem like an activity directly related to financial success, but famed investor Warren Buffett says it could be the key to securing a better financial future. Buffett, CEO of Berkshire Hathaway (BRK.A), says he reads for about five to six hours every day and credits this habit

Transferring an SBA loan to another person isn’t as straightforward as transferring a car title or adding an employee to your business credit card. You’ll have to get approval from the lender and the Small Business Administration. The new prospective borrower must meet the SBA’s stringent eligibility criteria, as well as any lender criteria. Despite