News

Market turmoil has many afraid to check retirement savings

Michael Montgomery used to check the balance on his retirement account once a week and smile. “I’m not looking,” says the 66-year-old professor from Huntington Woods, Michigan. As the White House simultaneously injects turmoil into financial markets with its trade war and dismisses fears of a downturn, retired and near-retired Americans are anxiously looking on, worried about outliving their savings or having to put off entries on their bucket lists.

With 1 New Tailwind Already Blowing, 1 Huge New Catalyst Could Be Coming for Bitcoin Soon

With Bitcoin (CRYPTO: BTC) looking as if it's regaining momentum, there's reason to believe there's a new tailwind helping it along, as well as potential catalysts on the horizon. Let's take a look at both of those factors because they're both related to China and its Bitcoin policies. Despite it being illegal to mine and trade Bitcoin in China since 2021, 21.1% of the world's Bitcoin is produced in the country.

IMF-World Bank meetings end with little tariff clarity, but economic foreboding

WASHINGTON (Reuters) -Global finance leaders came to Washington this past week seeking clarity on what it would take to get some relief from President Donald Trump's multi-layered tariff assault and on just how much pain it will bring to the world economy. Many participants in the International Monetary Fund and World Bank Spring Meetings had a sense that Trump's administration was still conflicted in its demands from trading partners hit with his sweeping tariffs. During the whirlwind week, many finance and trade ministers sought to meet with U.S. Treasury Secretary Scott Bessent and other key Trump administration officials, to no avail.