President Trump has defended his decision to introduce tariffs on goods from other countries by arguing that it will lead companies to shift production to the United States, bringing back jobs. For German companies, which have been producing their goods in the United States since the late 1800s, such arguments ring hollow. Thousands of German
How much should I save in an emergency fund? Vanguard, the big mutual fund company, suggests setting aside $2,000, or half of one month’s expenses, whichever is greater, as a buffer to cover unexpected but common “shocks,” like a car or home repair or medical bill. Then, to protect against a possible job loss, it
A first-of-its-kind bill to regulate parts of the cryptocurrency industry stalled in the Senate on Thursday, after Democrats blocked it amid concerns in their party about how President Trump and his family are profiting from crypto. On a vote of 48 to 49, the measure failed to muster the 60 votes necessary to advance. It
Senate Democrats are demanding changes to cryptocurrency legislation pending in Congress, responding partly to growing evidence that the Trump family is using its connections and President Trump’s power to profit from crypto trading. The pushback intensified late last week after a closed-door meeting among Senate Democrats in which Senator Chuck Schumer, the Democratic leader, told
The Trump administration and Maine reached an agreement that restored funding for schoolchildren, Maine’s attorney general said Friday, part of a feud between the president and the state’s governor over policies on transgender athletes. The state’s attorney general, Aaron M. Frey, said his office had withdrawn a lawsuit it filed in objection to the funding
The pitch from “ZMoney” arrived on the encrypted messaging app Signal just days before Donald J. Trump’s presidential inauguration. “ZMoney” was Zachary Folkman, an entrepreneur who once ran a company called Date Hotter Girls and was now representing World Liberty Financial, the cryptocurrency firm that Mr. Trump and his sons had recently unveiled. Mr. Folkman
President Trump was dealt a setback in his plans for American public education, as three federal judges issued separate rulings on Thursday pausing his ability to withhold funds from schools with diversity and equity initiatives. The rulings block the administration, at least for now, from carrying out efforts to cut off billions of dollars that
There are not many certainties in the world of money, but this traditionally has been one of them: When life turns scary, people take refuge in American government bonds. Investors buy U.S. Treasuries on the assumption that, come what may — financial panic, war, natural disaster — the federal government will endure and stand by
At the end of a three-hour hearing last month, Senator Ruben Gallego, Democrat of Arizona, sided with a group of Republicans in a hotly contested debate. He voted to advance the GENIUS Act, a bill backed by the cryptocurrency industry. “It’s clear that digital assets are here to stay,” Mr. Gallego said after the Senate
Investors around the globe this week sent President Trump a clear message about his new tariff policy, announced triumphantly as a remaking of the economic order. They don’t like it. The S&P 500 fell 6 percent on Friday, bringing its losses for the week to 9.1 percent. Stocks hadn’t fallen this far this fast since